We are experts in the EIC Accelerator.
The EU has pledged over €10 billion to fund deep tech innovations building on scientific discovery in any field of technology with a meaningful impact on society.
It specifically aims to fund innovations where significant funding is needed over a long time frame before returns can be generated, and which struggle to attract financing because the risks and time period involved are too high.
It supports later stages of technology development as well as scale up: the technology must have been tested and validated (e.g. at least Technology Readiness Level 5 or higher).
We are experts in the EIC Accelerator.
The EU has pledged over €10 billion to fund deep tech innovations building on scientific discovery in any field of technology with a meaningful impact on society.
It specifically aims to fund innovations where significant funding is needed over a long time frame before returns can be generated, and which struggle to attract financing because the risks and time period involved are too high.
It supports later stages of technology development as well as scale up: the technology must have been tested and validated (e.g. at least Technology Readiness Level 5 or higher).
The EIC Accelerator provides the following financing options:
Grant
Up to €2,5 million
A “grant” of up to €2,5 million for pre-market innovation activities (e.g.Technology Readiness Levels 6 to 8), which can be combined with
Equity
Up to €15 million
An “equity investment” of up to €15 million for market deployment and scale up (e.g. Technology Readiness Level 9)
A 3 step process
5-page pre-application submitted at any time and evaluated on a rolling basis;
- A 5-page form where you must respond to set questions on your innovation, your potential market and your team;
- A pitchdeck of up to 10 slides following a set format;
- A 3 minute video where the team outlines the motivation for your application.
You will receive the result of your short application within 4 weeks.
If successful – a full application must be submitted within 12 months from the invitation date.
Once you submit your full application, it will be assessed against the criteria by independent experts. Within [5-6] weeks you will be informed whether your application meets the criteria, in which case you will be invited to attend a face to face interview.
Face-to-face interviews are organised 8-9 weeks after the cut-off date.
At the interview, you will be assessed by a panel of a maximum of jury members. If you are successful at the interview, you will be invited to negotiate and then sign an initial agreement for the grant component, which will include a first pre-financing payment.
At the same time, in case your company applied for the equity component, you will be subject to a due diligence process by the EIC Fund in order to proceed with the negotiation (i.e. term sheets and milestones)