Archives: FAQs

Blended financing is a combination of grant and equity financing. See: A Short but Comprehensive Explanation of the EIC Accelerator

TRL5 to TRL8 is funded via grants while equity financing is funding TRL5 to TRL9. A grant project can start at TRL5-7 while an equity project could start at TRL5-8. See: How the EIC Accelerator Funds Technology Readiness Levels (TRL) (SME Instrument)

The minimum TRL for a project should be TRL5. Read: How the EIC Accelerator Funds Technology Readiness Levels (TRL) (SME Instrument)

Technology Readiness Level (TRL) 6 describes an innovation that is currently at the prototype stage and has a completed Proof-of-Concept (POC). See: Technology Readiness Levels, Timelines and Interview Priorities (2023 EIC Accelerator Work Programme Part 4) and How the EIC Accelerator Funds Technology Readiness Levels (TRL) (SME Instrument)

Technology Readiness Levels (TRL) are a way of classifying the timeline of an innovation from the first idea to the finished product with levels ranging from TRL1 to TRL9. See: Technology Readiness Levels, Timelines and Interview Priorities (2023 EIC Accelerator Work Programme Part 4) and How the EIC Accelerator Funds Technology…

The European Innovation Council (EIC) is supported by the European Investment Bank (EIB) and Alter Domus Luxembourg to manage EIC Fund investments.

The negotiations and due diligence following the funding approval will determine the exact amount but up to 25% can be expected depending on the company’s valuation and the amount requested.

Grant financing refers to non-repayable financing by the European Commission (EC) while equity financing by the European Innovation Council (EIC) EIC Fund and the European Investment Bank (EIB) is in exchange for company ownership (i.e. equity). Blended financing is a combination of grant and equity financing. See: A Short but…

The EIC Accelerator provides up to €2.5 million in grant and €15 million in equity financing which means that a maximum of €17.5 million can be requested. See: A Short but Comprehensive Explanation of the EIC Accelerator

The names are interchangeable whereas the SME instrument Phase 2 has been renamed to the EIC Accelerator in June 2019.

The application is prepared on the European Innovation Council (EIC) website but a variety of annex uploads are required. See: How long does it take to apply for the EIC Accelerator? (Grant proposal timeline)