What does the 70% co-financing mean for the EIC Accelerator?

The grant financing (but not equity) is funded as 70% of the total costs. This means that a €1,000,000 grant project will be funded with €700,000 whereas €300,000 must be provided through other sources such as revenues, private investments or similar. If blended financing is requested, the 30% will automatically be covered through the EIC Fund investment. See: A Short but Comprehensive Explanation of the EIC Accelerator