Overview
The European Commission adopted the 2023 work programme of the EIC on the 7th of December. It opens funding opportunities worth over €1.6 billion in 2023. The EIC Accelerator programme opens funding and investment opportunities worth over €1.13 billion.
The EIC Accelerator programme helps high-risk, innovative SMEs and start-ups willing to develop and commercialise new products, business models, and services. These developments could potentially drive economic growth and influence new markets or disrupt existing European or global markets.
The EIC Accelerator supports SMEs, in particular startups and spinout companies, to develop and scaleup game-changing innovations.
As a novelty of this funding cycle, also small midcaps (up to 500 employees) are supported, but can only apply for rapid scale up purposes and only for the investment component (i.e. they are not eligible to receive a grant component).
The blended funding dimension of the EIC Accelerator is another novelty of the programme, after being piloted during 2018-2020 as part of EIC/ Horizon 2020. The blended finance is composed of a private investment component via the EIC Fund and a grant component. Applicants can choose to request the private investment only, as in the case of small midcaps, and are not required to request a grant. The terms for the private investment component are quite complex (involving a mix between the EIC Fund and a private investor, typically VC) but very attractive for the funding recipient (scale-up capital), as well as for the private investor.
The EIC Accelerator can provide grant funding (non-dilutive) of up to €2.5 million for innovation development costs, and investments (direct equity) from €500 thousand up to €15 million via the dedicated EIC Fund.
Grants will be offered with a funding intensity of typically 70% of eligible costs incurred for innovation activities. These include: demonstration of the technology in the relevant environment, prototyping and system level demonstration, R&D and testing required to meet regulatory and standardisation requirements, intellectual property management, and marketing approval.
The EIC Accelerator has a total budget allocation of €7.2 billion, split between the “Open Call” (€3.7 billion) and “Challenges” (€3.5 billion). The expected yearly total budget allocation is approximately €1 billion per year.
The cut-off dates for full applications in 2023 are:
"EIC Accelerator Open has no predefined thematic priorities and is open to proposals in any field of technology or application.
The EIC Accelerator supports the later stages of technology development as well as scale up. The technology component of your innovation must therefore have been tested and validated in a laboratory or other relevant environment (e.g. at least
Technology Readiness Level 5 or higher). The EIC Accelerator looks to support companies where the EIC support will act as a catalyst to crowd in other investors necessary for the scale up of the innovation.
The EIC Accelerator focuses on innovations building on scientific discovery or technological breakthroughs (‘deep tech’) and where significant funding is needed over a long timeframe before returns can be generated (‘patient capital’). Such innovations often struggle to attract financing because the risks and time period involved are too high. Funding and support from the EIC Accelerator is designed to enable such innovators to attract the full investment amounts needed for scale up in a shorter timeframe."
Specific objectives
"The overall goal of this Challenge is to support and accelerate the preclinical validation and/or clinical phase 1 work carried out by innovative SMEs (including start-ups, spinouts) and small midcaps to develop novel predictive, prognostic and companion diagnostic assays to guide cancer treatment. This Challenge has the following specific objectives:
Expected outcomes and impacts
“As expected outcomes from this Challenge, clinicians will be able to:
Specific objectives
“The proposals should target the development and commercialisation of technological solutions facilitating social interaction in the context of pandemic emergencies, by means of one or more of the three following approaches:
Expected outcomes and impacts
“By reducing the need for social distancing in the event of infectious pandemics, this Challenge will empower society at large to sustain unaltered economic and social dynamics in the event of pandemic outbreaks.”
Specific objectives
“This Challenge targets groundbreaking innovations in any field of technology that have a high potential to meet the following goals:
Expected outcomes and impacts
“The possibility to store electrical or thermal energy at low cost, high density, high charging/discharging efficiency and for different duration (from short to long) will:
Specific objectives
“[T]his Challenge aims to support pioneering deep-tech ventures that are building the AEC value chain of the future today. These ventures execute on delivering disruptive, digitally enabled AEC products and services that allow their customers to reduce or eliminate their embedded building emissions in the areas of:
Expected outcomes and impacts
"This AEC Accelerator Challenge ideally attracts a range of pioneering business ventures in the areas of design, fabrication and materials for AEC that aim at deployment of novel and disruptive solutions building upon the latest deep-tech developments in these areas.
The focus will be on achieving a reduction in embodied rather than operational carbon emissions. Other impacts may include higher productivity, higher product quality, reduced material consumption and waste, improved construction logistic in the urban environment or increased safety.
Expected adjacent impacts of this AEC Accelerator Challenge are also to inspire an ambition for the AEC sector to create higher quality jobs in a more progressive and appealing business culture that is ready to deliver a transformation of the built environment in line with the objectives of the European Green Deal and the New European Bauhaus."
Specific objectives
"The objective of this Challenge is to support ground-breaking innovations that have a high potential to develop:
Expected outcomes and impacts
"This Challenge is expected to support the EU in taking a leading role in the development of cutting-edge quantum computing and quantum sensing and quantum communications that can be used in real environment and deployed in various areas.
In mid and long term, this Challenge is expected to expand the quantum capabilities of Europe, underpin its economic resilience and digital sovereignty. It should pave the way for Europe to be at the cutting-edge of quantum capabilities by 2030 as envisioned by the 2030 Digital Compass: the European way for the Digital Decade Policy Programme."
Specific objectives
"The aim of this Challenge is to support the design and development of innovative semiconductor components and intellectual property for analogue and digital integrated circuits and systems including memory, logic, optical components, and sensors, in relevant technology fields such as: Artificial Intelligence, edge computing, Internet of Things, electric and autonomous vehicles, 5G/6G communication, cybersecurity, health and wellness, environmental sustainability. The scope also includes innovative design approaches that address combination of different functionalities such as computing, RF, power, memory and sensing. Moreover, this Challenge should support advanced chips design in order to keep Europe in the front line of the semiconductor industry in the coming years as the industry thrives for higher performance and greater circuit integration.
The proposing entities should demonstrate ground-breaking innovation in the respective applications fields and high potential for commercial deployment in important EU industry sectors such as automotive, industry automation, information and communication, healthcare, aerospace, security, energy."
Expected outcomes and impacts
"This Challenge is expected to support innovative semiconductor start-ups in bringing their innovations to higher level of maturity and closer to commercial deployment, addressing the funding gap that deep-tech companies in this space have been facing in the last couple of decades.
In the mid to long term, this Challenge is expected to foster the development of the semiconductor chip design ecosystem in Europe by increasing the number of innovative fabless start-ups and semiconductor IP companies in the EU, thereby contributing to the 2030 Digital Compass target of doubling EU’s production of advanced sustainable chips and Europe’s digital autonomy."
Specific objectives
"The specific objectives of this Challenge are:
The proposals should include groundbreaking innovations that will lead to a radical transformation beyond the state-of-the-art of the current fertilisation, crop protection, irrigation and soil management practices. From a food system point of view, they will take into account strategies for climate adaptation, and a life cycle approach. Consideration should be also given to possible effects of such innovations on the food supply chain. From an environment point of view it is expected they will help to ensure healthier and richer biodiversity and more resilient ecosystems."
Expected outcomes and impacts
"This Challenge aims to improve the resilience of the European food supply chain and security, notably by improving agricultural productivity and fostering environmentally sustainable technologies, all while regenerating and increasing soil health and ecosystem services. By aiming to valorise crop residues, this Challenge also aims to contribute to better carbon and nitrogen management practices, to mitigation of climate change and environmental challenges including biodiversity loss and pollution.
In doing so, the results arising from this Challenge will foster the EU technological autonomy and leadership via focused support of innovations in the areas of sustainable and resilient agricultural production, food security, biodiversity and environmental protection."
Specific objectives
“The overall goal of this Challenge is to ensure Europe is able to service and protect its own Space infrastructure, avoiding the risk of losing its strategic autonomy, and enhance the competitiveness of its space industry by encouraging the emergence of innovative, interoperable, scalable, and autonomous “customer-driven” innovative space technologies and services.
In terms of technological developments, the specific objectives of this Challenge are:
Expected outcomes and impacts
"This Challenge aims at developing:
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