The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has opened its doors to Step 1 submissions in early April 2021. After a long wait, the first evaluation results have been published on May 12^th 2021 after more than one month of evaluations. While no notifications of these results were sent to applicants, a delayed email signed by Head of Unit Cornelius Schmaltz was sent 2 days later which contained an official letter detailing the results of the Step 1 evaluation.

This article presents a short update on the specifics of the process as conducted by the European Innovation Council (EIC) with respect to the templates, deadlines and further evaluation stages:

• EIC Accelerator Step 1 results have been released on May 12^th 2021 on the EIC’s AI Platform for those who have applied by mid-April 2021.
• Detailed feedback and a scoring (GO vs. NO GO) from 4 to 6 evaluators are provided for each project giving all applicants the most elaborate information on their submission yet. A detailed analysis of these evaluations will follow in a separate article.
• The EIC aimed to simulate the past Seal of Excellence (SOE) threshold in Step 1 which means that 2020’s scoring threshold of ’13’ should be as difficult to pass as 2021’s Step 1. This would have meant that 70% of all applicants were rejected but it seems like it was rather only less than 50% being rejected. This would match the previously predicted effort-chances scenario 1 in this article.
• The official template for Step 2 has already been published but the AI Platform for Step 2 is not ready yet.
• The Step 2 AI Tool’s Ideation and Development modules will be available as of May 17^th 2021.
• The Step 2 AI Tool’s Go2Market module will be available as of May 21^st 2021.
• The coach selection module will become available on May 25^th 2021.
• In-person coaching support is offered on a first-come-first-serve basis in June 2021 but will be available for all applicants for their submission to the October 2021 deadline.
• The interview sessions are planned in:
  • September 2021 for proposals submitted to the June 2021 deadline.
  • December 2021 or January 2022 for proposals submitted to the October 2021 deadline.

The Step 3 interviews come with a significant delay and instead of being 6 weeks after the Step 2 deadline, they are pushed back to 3 months after the June cut-off (read: Having a Successful Interview Pitch).

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This article was last modified on May 14, 2021 @ 09:17

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These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

• Step 1 (short proposal)
  • open now
• Step 2 (business plan)
  • 1^st cut-off: -
  • 2^nd cut-off: -
  • 3^rd cut-off: June 7^th 2023
  • 4^th cut-off: October 4^th 2023
• Step 3 (interview)
  • 1^st cut-off: -
  • 2^nd cut-off: May 22^nd to June 2^nd
  • 3^rd cut-off: September 11^th to 22^nd
  • 4^th cut-off: November 27^th to December 8^th

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

Want to see all articles? They can be found here.

For Updates: Join this Newsletter!

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by Stephan Segler, PhD
Professional Grant Consultant at Segler Consulting

General information on the EIC Accelerator template, professional grant writing and how to prepare a successful application can be found in the following articles:

A Quick FTO Guide for EIC Accelerator Applicants in a Rush

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2023 Budget Allocations for EIC Pathfinder, Transition and Accelerator

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Developing the Unique Selling Points (USP) for the EIC Accelerator

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Explaining the Resubmission Process for the EIC Accelerator

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A Short but Comprehensive Explanation of the EIC Accelerator

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EIC Accelerator Success Cases

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Deciding Between EIC Pathfinder, Transition and Accelerator

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A Winning Candidate for the EIC Accelerator

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EIC Accelerator Interview Preparation Process: Scripting the Pitch (Part 1)