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EIC Accelerator Results November 2023

EIC Fund Beneficiaries - Nov. 23 cut-off

Source: Data published by the EIC

Summary

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

  • 42 companies have been selected for funding. 
  • 62% of applicants have been selected to receive €233 million in the form of blended finance.
  • The total requested budget by the 42 companies is €285 million. 
  • The success rate for full applications was 3.88%
  • Almost 7% per cent companies have a female CEO, CTO (Chief Technology Officer) or CSO (Chief Scientific Officer).

The overall success rate is 3.88% 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 June 2023, EIC Accelerator Results March 2023, EIC Accelerator Results Jan 2023

 

Winners by Funding Type and Country 

26 companies have won blended funding, 1 has won equity only, 12 have won grant-first funding and 3 have won grant-only funding.

Percentage breakdown of financing type requested

Source: Data published by the EIC

Germany was the country home to the most winners (7), followed by France (6) and Spain and Sweden (5).

Country breakdown of financing type requested

Source: Data published by the EIC

 

Blended Finance Winners by Country 

For the November cut-off, 26 companies have been awarded blended finance and 1 company have been awarded equity-only investment. 36% of the winners are based in the France region and 12% are based France, Spain and Sweden. 

Country breakdown of blended finance type

Source: Data published by the EIC

Percentage of Countries requesting blended finance

Source: Data published by the EIC

 

Total Blended Finance

A total of €233 million was awarded for this call. The top 3 countries that have secured the most blended funding are Germany, France and Sweden. 

 

Value per Country for Blended Finance.Source: Data published by the EIC

 

Percentage breakdown of Country's requesting Blended FinanceSource: Data published by the EIC

 

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

 

Resources

  1. EIC Cut-off Announcement: https://eic.ec.europa.eu/news/eic-accelerator-eu285-million-funding-deep-tech-start-ups-most-competitive-funding-round-2024-02-28_en

 

   

At Winnovart, it is part of our mission to bridge the gap between stakeholders of the grants-funding market-space across Europe. We believe in the potential of grants to create ecosystems that drive innovation, and growth and reduce disparities between the regions of Europe.  Our aim is to support innovative SMEs, private investors and funding agencies to become part of this ecosystem and make the most of it.

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