EIC Accelerator - Submission Statistics 2021

EIC Accelerator Submission Statistics (2021)

Introduction

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.

Short Applications

Applicants can apply for EIC Accelerator funding at any time using the EIC online portal. The short proposal is open on an ongoing basis throughout the year and there is no submission deadline for the short proposal.

In the first two stages of the selection process, proposals are evaluated by remote experts. Later on, the projects are assessed by the EIC jury members. The short proposal will be evaluated by four remote experts who will issue “GO” or “NO GO” votes for three measures.

Feedback is normally provided within 4 weeks, on a first-come, first-served basis. Only 2 out of the 4 remote evaluators must provide a “GO” vote for you to move to the next step (full application).

EIC Accelerator Short Applications Completed, Created and Submitted

Source: Data published by EIC in 2021

EIC Accelerator Short Applications Evaluated and Progressed to the Next Stage

Source: Data published by EIC in 2021

Full Applications

If your short proposal is successful then you will be entitled to receive coaching support to prepare a full proposal. The bulk of this step involves the preparation of a detailed business plan. The full proposal will consist of a detailed business plan, key milestones and complete information on your company’s finances.

The application will be evaluated by three remote experts who will issue “GO” or “NO GO” votes for three measures. Detailed feedback from the experts is normally provided within 5 weeks from the cut-off date. For a successful proposal, ALL THREE experts must provide a “GO” vote. You will not receive an invitation to the interview if one or more experts provide a “NO GO” vote.

EIC Accelerator Full Applications Submitted, Progressed to the Next Stage and Funded

Source: Data published by EIC in 2021

EIC Accelerator Background Information

What is the EIC Accelerator programme?

The programme helps high-potential, 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.

What types of support are available?

The programme provides support with:
- Grant only and grant first funding: €0.5m-2.5m
- Equity only funding: up to €15m
- Blended funding: €0.5m-2.5m grant + up to €15m equity
Grants will typically reimburse a maximum of 70% of eligible costs incurred for innovation activities.

How much funding support is available?

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 indicative budget for 2023 is €1.14 billion and is split into two calls:
  - Open call: €612 million.
  - Challenge-driven call: €524 million.
- In 2022, the funding amounted to €1.16 billion.

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, Linkedin or Twitter.