--- title: EIC Accelerator - March 2024 Results description: Innovation funding and grants for SMEs and small mid-caps during 2021-2027. EU funding, EIC Accelerator, EIC Fund, Venture Capital. image: https://landing.winnovart.com/hubfs/EIC%20Accelerator%20banner%20300%20x%20175.png --- ![Winnovart](https://landing.winnovart.com/hs-fs/hubfs/logo/winnovart%20logo.jpg?width=300&height=54&name=winnovart%20logo.jpg "Winnovart") ![EIC Accelerator Extended Banner](https://landing.winnovart.com/hubfs/EIC%20banners/EIC%20Accelerator%20Extended%20Banner.png "EIC Accelerator Extended Banner") ## EIC Accelerator Results March 2024 --- ![EIC Accelerator Results 03.2024](https://landing.winnovart.com/hubfs/EIC%20Accelerator%20Results%2003.2024.png "EIC Accelerator Results 03.2024") Source: Data published by the EIC ### Summary --- The results for the EIC Accelerator’s March 2024 cut-off: - 68 companies have been selected for funding.  - 96% of applicants have been selected to receive €410 million in the form of blended finance. - The total requested budget by the 68 companies is €411 million.  - The success rate for full applications was 7.02% - Almost 21% per cent companies have a female CEO, CTO (Chief Technology Officer) or CSO (Chief Scientific Officer). The overall success rate is 7.02% 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 Work Programme 2024](https://landing.winnovart.com/eic-work-programme-2024), [EIC Accelerator Results November 2023](https://landing.winnovart.com/eic-accelerator-2023-results-november-2023), [EIC Accelerator Results June 2023](https://landing.winnovart.com/eic-accelerator-2023-results-june-2023)[,](https://landing.winnovart.com/eic-accelerator-january-2023-results)[EIC Accelerator Results March 2023](https://landing.winnovart.com/eic-accelerator-2023-results-march2023)   ### Winners by Funding Type and Country  --- 65 companies have won blended funding, 1 has won equity only and 2 have won grant-only funding. ![Percentage breakdown of financing type](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.24%201.png?width=870&height=452&name=EIC%20Accelerator%20-%20Mar.24%201.png) Source: Data published by the EIC  Germany and France were the countries home to the most winners (13), followed by Israel (9) and Netherlands and Spain (6). ![Country breakdown](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.%2024%202.png?width=884&height=434&name=EIC%20Accelerator%20-%20Mar.%2024%202.png) Source: Data published by the EIC   ### Blended Finance Winners by Country  --- For the March cut-off, 65 companies have been awarded blended finance and 1 company have been awarded equity-only investment. 20% of the winners are based in the France region and 18% are based in Germany.  ![Countries requesting blended finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.%2024%203.png?width=838&height=412&name=EIC%20Accelerator%20-%20Mar.%2024%203.png) Source: Data published by the EIC ![Percentage of Countries requesting blended finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.24%204.png?width=846&height=431&name=EIC%20Accelerator%20-%20Mar.24%204.png) Source: Data published by the EIC   ### Blended Finance Winners by Region --- For the March cut-off, 65 companies have been awarded blended finance and 1 company have been awarded equity-only investment. 37% of the winners are based in the France & Benelux region and 19% are based in the DACH region.    ![Value per Region for Blended Finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.%2024%207.png?width=894&height=438&name=EIC%20Accelerator%20-%20Mar.%2024%207.png)Source: Data published by the EIC.   ![Percentage breakdown of Region's requesting Blended Finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.24%208-1.png?width=804&height=375&name=EIC%20Accelerator%20-%20Mar.24%208-1.png)Source: Data published by the EIC   ### Total Blended Finance --- A total of €410 million was awarded for this call. The top 3 countries that have secured the most blended funding are France, Germany and Israel.    ![Value per Country for Blended Finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.24%205.png?width=894&height=533&name=EIC%20Accelerator%20-%20Mar.24%205.png)Source: Data published by the EIC.   ![Percentage breakdown of Country's requesting Blended Finance](https://landing.winnovart.com/hs-fs/hubfs/EIC%20Accelerator%20-%20Mar.24%206.png?width=804&height=500&name=EIC%20Accelerator%20-%20Mar.24%206.png)Source: Data published by the EIC   Read more: [EIC Accelerator Work Programme 2024](https://landing.winnovart.com/eic-work-programme-2024), [EIC Accelerator Results November 2023](https://landing.winnovart.com/eic-accelerator-2023-results-november-2023), [EIC Accelerator Results June 2023](https://landing.winnovart.com/eic-accelerator-2023-results-june-2023)[,](https://landing.winnovart.com/eic-accelerator-january-2023-results) [EIC Accelerator Results March 2023](https://landing.winnovart.com/eic-accelerator-2023-results-march2023)   ### Resources --- 1. EIC Cut-off Announcement: [https://eic.ec.europa.eu/news/eic-accelerator-68-deep-tech-start-ups-latest-funding-round-2024-07-15\_en](https://eic.ec.europa.eu/news/eic-accelerator-68-deep-tech-start-ups-latest-funding-round-2024-07-15_en)    [Learn more about the eic accelerator](https://www.winnovart.com/news/eic-accelerator-2024-open-challenges)     --- 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. Our presence in Western, Eastern and Northern Europe enables us to create international business cases for our clients, in the context of attractive funding programmes as well as beyond it, by opening up international development opportunities. For more updates on funding opportunities, please follow us on social media: [Facebook](https://www.facebook.com/winnovart/), [Linkedin](https://www.linkedin.com/company/winnovart/) or [Twitter](https://twitter.com/Winnovart). | For more details about Winnovart please check our [**website**](https://www.winnovart.com/). If you would like to be contacted by our experts please reply to **[office@winnovart.com](mailto:office@winnovart.com)** or [**contact us here**](https://share.hsforms.com/12eOIDF_JRbGTQ5Rv8YJnFA2cxgb) and we will get in touch very soon.  | | --- |