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EIC Accelerator Results March 2023

EIC Accelearotor March 2023 cutoff

  Source: Data published by the EIC

Summary

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

  • 51 companies have been selected for funding. 
  • 86% of applicants have been selected to receive €197 million in the form of blended finance.
  • The total requested budget by the 51 companies is €261 million. 
  • The success rate for full applications was 9.25%
  • Almost 30% per cent (15 of the 51 companies) have a female CEO, CTO (Chief Technology Officer) or CSO (Chief Scientific Officer).

The overall success rate is 9.25% 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 January 2023,EIC Accelerator Results October 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 Netherlands was the country home to the most winners (8), followed by France(6) and the United Kingdom and Israel (5)

Source: Data published by the EIC

 

Blended Finance Winners by Country 

For the March 2023 cut-off, 23 companies have been awarded blended finance and no companies have been awarded equity-only investment. 22% of the winners are based in the Israel region and 13% are based in Netherlands and France and Sweden, around 9% are based in Ireland and Germany and 4% are based in Portugal, Poland, Norway, Austria and Belgium

Source: Data published by the EIC

Source: Data published by the EIC

 

Total Blended Finance

A total of €167 million was awarded for this call. The top 3 countries that have secured the most blended funding are Israel (30%), France (15%) and the Netherlands (10%).

Source: Data published by the EIC

Source: Data published by the EIC

 

Read more: EIC Accelerator Statistics & Insights, EIC Accelerator Results January 2023,EIC Accelerator Results October 2022

 

Resources

  1. EIC Cut-off Announcement: https://eic.ec.europa.eu/news/european-innovation-council-accelerator-new-group-deep-tech-start-ups-selected-get-funding-and-2023-06-19_en 

 

   

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