When Is the Grant Paid in Phase 1? Posted on March 19, 2019March 18, 2020 By Stephan Segler, Ph.D. From submission to approval of the project, it can take 4-6 weeks followed by another 4 weeks for the signing of the grant agreement contract and release of the funds. Phase 1 is funded with €50.000 out of which 40% is paid in advance (€20,000) and the rest will be paid as a balance after the duration of the project (3 to 5 months). Horizon 2020 Phase 1 SME Instrument / EIC Accelerator EIC Accelerator grantEIC Accelerator submissionSME Instrument Phase 1Timelinetip#04
EIC Accelerator The Financing Timeline For EIC Accelerator Applicants (SME Instrument Phase 2) Posted on July 31, 2020October 9, 2020 The EIC Accelerator (formerly SME Instrument Phase 2) is a highly competitive grant (as well as equity) financing program by the European Commission (EC) and the European Innovation Council (EIC). Many startups and Small- and Medium-Sized Enterprises (SME), in their journey of seeking financing sources, discover this opportunity since it… Read More
EIC Accelerator ChatGPT for the EIC Accelerator: Will the Real AI Please Stand Up Posted on January 25, 2023January 21, 2023 The EIC Accelerator funding (grant and equity, with blended financing option) by the European Innovation Council (EIC) and European Commission (EC) has been largely reinvented in 2021. The previous application process of preparing and submitting a 30-page PDF file has been overhauled and replaced with a very comprehensive online platform… Read More
EIC Accelerator Proposed Application Process for the EIC Accelerator 2021 (SME Instrument Phase 2) Posted on December 11, 2020March 7, 2021 Attention: A new article is available detailing the changes for the 2021 EIC Accelerator Work Program. The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity financing) will be reinstated in 2021 with a higher budget, a new structure and a different evaluation process. For startups and… Read More