Since 2019 has come to an end, here is a summary of the main changes that have occurred regarding the EUs startup grant – the EIC Accelerator:
1. Equity Finance: The most significant change was the discontinuation of Phase 1 (€50,000 grant financing) and the introduction of the new blended financing option for Phase 2 (now up to €17,500,000 with grant and equity).
2. Phase 2 Template: The template for the Phase 2 application has been reworked and includes new additions such as detailed financial information, listed KPIs, explicit need for EU support and the addition of specific summaries to the proposal introduction instead of the previously introduced executive summary.
3. Pitch Deck: The pitch deck for the required presentations and interviews will now need to be uploaded with the application and cannot be modified later on.
These and other minor changes will need to be considered when submitting (or re-submitting) your next proposal.