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EIC Accelerator Results June 2021

2021-06-16-Cut-off

Summary

The results for the EIC Accelerator’s June 2021 cut-off:

  • 65 companies have been selected for funding.
  • 55% of applicants have been selected to receive €227 million in equity investments.
  • The total requested budget by the 65 companies is €363 million.
  • The success rate was 8.1%.
  • 805 full proposals were submitted. 

The overall success rate is slightly lower than 8.1%. 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. Based on our estimated figures, we calculated an overall success rate between ~4-5%. 

Note: The number of short proposals was approximated using partial data posted to LinkedIn by an EIC representative.

 

Read more: EIC Accelerator Results June 2022,  EIC Accelerator Results March 2022, EIC Accelerator Results October 2021

 

Winners by Funding Type and Country

The top 3 countries home to the most winners are France (12), Germany (11) and the Netherlands (8).

jun-21-disSource: Data published by the EIC

jun-21-bar-disSource: Data published by the EIC

 

Blended Finance Winners by Country 

For the June 2021 cut-off, 36 companies have been awarded either blended finance or equity. Eight start-ups in France have successfully secured blended funding from the EIC. This represents 22% of the 36 successful applicants. 41% of the successful start-ups are based in the France & Benelux region. Countries such as Estonia, Italy and Portugal are each home to one winner.

jun-21-barSource: Data published by the EIC

jun-21-pieSource: Data published by the EIC

 

Total Blended Finance

Our data shows that a total of €285 million was awarded for this call. The top 3 countries that have secured the most blended funding are France (20%), The Netherlands (17%) and Germany (15%).

jun-21-columnSource: Data published by the EIC

jun-21-shareSource: Data published by the EIC

 

Average Blended Finance

Our data shows that a total of €285 million was awarded for this call. The top 3 countries that have secured the most blended funding are France (20%), The Netherlands (17%) and Germany (15%).

jun-21-avgSource: Data published by the EIC

 

Read more: EIC Accelerator Results June 2022,  EIC Accelerator Results March 2022, EIC Accelerator Results October 2021

 

Resources

  1. https://eic.ec.europa.eu/system/files/2021-10/EICAccelerator_final.pdf
  2. https://eic.ec.europa.eu/news/european-innovation-council-announces-new-wave-start-champions-2021-10-14_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.

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.

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