On May 5^th 2021, it has been announced that all submissions for Step 1 of the EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) application process are closed until June 22^nd. This has come as a surprise to many since the call was supposed to be continuously open by design. In fact, it was created in order to have an ongoing application opportunity for applicants independent of the 4 annual application deadlines (or 2 in 2021).

Needless to say, there are a variety of reasons why this decision was made and a number of repercussions for applicants. Without going into further detail regarding the EIC’s insufficient announcements regarding this issue, the following presents a shortlist of updates and notes on this newest change:

• The Step 1 submissions were suspended in order to allow the IT team to update the platform and add features to Step 1.
• While Step 2 is not ready for use just yet, a preliminary (but still official) proposal template for the EIC Accelerator’s Step 2 has been published (see this link).
• Step 2 of the application process will be published on May 17^th and submissions will be possible starting June 9^th.
• Over 1,200 Step 1 application’s have been submitted since April.
• Step 1 submissions that have not been submitted yet will be unable to apply to the June deadline (see here) but still have the opportunity to meet the last 2021 deadline in October.

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This article was last modified on May 6, 2021 @ 19:02

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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: (early 2024)
  • 2^nd cut-off: -
  • 3^rd cut-off: -
  • 4^th cut-off: -
• Step 3 (interview)
  • 1^st cut-off: -
  • 2^nd cut-off: -
  • 3^rd cut-off: -
  • 4^th cut-off: January 29^th to February 9^th 2024 (extended again)

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)