EIC Accelerator is a program that combines access to non-repayable grants of up to €2.5M with an optional equity investment component of up to €15M, intended to cover the commercial launch phase of the product on the market (TRL9).
It is one of the most interesting European grant programs for SMEs and startups. However, only 2% of the applications are successful, which makes it a very competitive aid.
EIC Accelerator aims to promote the scalability of companies at an international level. It wants to encourage start-ups that are developing very innovative and close-to-market products (TRL 6) to grow in a very accelerated way.
The EIC Accelerator call for proposals consists of two phases: phase 1 is a short application that serves as a filtering phase and phase 2 is the final phase where funding is obtained.
They are open to any type of project aimed at the development of science, technology or application of the above; launched by startups and SMEs regardless of their sector of activity.
Open for projects with specific objectives within priority sectors such as the European Green Deal and Strategic Digital and Health Technologies.
The company must be technologically innovative
Duration of the projects of 1 to 2 years
For projects at a technological development level (TRL) between 6 and 8.
Finances up to 2.5 million
No personal guarantees