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EIC Accelerator Results January 2023

2023-01-11-Cut-off

 

Summary

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

  • 32 companies have been selected for funding. 
  • 53% of applicants have been selected to receive €159 million in the form of blended finance.
  • The total requested budget by the 32 companies is €196 million. 
  • The success rate for full applications was 6.7%. 
  • This first cut-off in 2023 did not include the EIC Accelerator Challenges.

The overall success rate is slightly lower than 6.7%. 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 October 2022, EIC Accelerator Results June 2022

 

Winners by Funding Type and Country 

17 companies have won blended funding, 3 have won grant-only funding and 12 have won grant-first funding.

jan-23-disSource: Data published by the EIC

The Netherlands was the country home to the most winners (7), followed by Sweden, Denmark and Ireland (3). 

jan-23-bar-disSource: Data published by the EIC

 

Blended Finance Winners by Country 

For the January 2023 cut-off, 17 companies have been awarded blended finance and no companies have been awarded equity-only investment. 29% of the winners are based in the France & Benelux region and another 29% are based in the Nordics. 12% of the winners are based in the CEE region. 

jan-23-barSource: Data published by the EIC

jan-23-pieSource: Data published by the EIC

 

Total Blended Finance

A total of €159 million was awarded for this call. The top 3 countries that have secured the most blended funding are the Netherlands (28%), France (11%) and Ireland (11%). 

jan-23-columnSource: Data published by the EIC

jan-23-shareSource: Data published by the EIC

 

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

 

Resources

  1. EIC Cut-off Announcement: https://eic.ec.europa.eu/news/european-innovation-council-new-group-deep-tech-start-ups-receive-accelerator-investments-increase-2023-03-29_en

 

   

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