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EIC Accelerator Results June 2023

Screenshot 2023-11-01 at 4.18.30 PM

 

  Source: Data published by the EIC

Summary

The results for the EIC Accelerator’s June 2023 cut-off:

  • 47 companies have been selected for funding. 
  • 68% of applicants have been selected to receive €296 million in the form of blended finance.
  • The total requested budget by the 47 companies is €349 million. 
  • The success rate for full applications was 8.52%
  • Almost 11% per cent companies have a female CEO, CTO (Chief Technology Officer) or CSO (Chief Scientific Officer).

The overall success rate is 8.52% This is because the success rate for short proposals submission must be considered. However, there is no publicly available data for the number of short proposals submitted.

 

Read more: EIC Accelerator Statistics & Insights, EIC Accelerator Results March 2023, EIC Accelerator Results Jan 2022

 

Winners by Funding Type and Country 

23 companies have won blended funding, 22 have won grant-first funding and 6 have won grant-only funding.

Source: Data published by the EIC

The France was the country home to the most winners (10), followed by Germany (4) and the United Kingdom, Portugal and Belgium (3)

Source: Data published by the EIC

 

Blended Finance Winners by Country 

For the June 2023 cut-off, 33 companies have been awarded blended finance and no companies have been awarded equity-only investment. 36% of the winners are based in the France region and 15% are based Germany, around 12% are based in the Netherlands and Belgium

Source: Data published by the EIC

Source: Data published by the EIC

 

Total Blended Finance

A total of €296 million was awarded for this call. The top 3 countries that have secured the most blended funding are France , Portugal and Germany

 

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Source: Data published by the EIC

Source: Data published by the EIC

 

Read more: EIC Accelerator Statistics & Insights, EIC Accelerator Results March 2023,EIC Accelerator Results Jan 2023

 

Resources

  1. EIC Cut-off Announcement: https://eic.ec.europa.eu/news/european-innovation-council-accelerator-strong-performance-engineering-and-tech-based-companies-2023-10-30_en

 

   

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