Among the pilot projects of the European Innovation Council, there is the EIC Accelerator: a great funding opportunity to drive economic growth, dedicated to innovators, entrepreneurs, SMEs and high-level scientists.
The EIC Accelerator offers economic support and acceleration services to high-risk SMEs for developing innovative products, services, and business models.
The current pilot project is still valid until the 7th of October 2020. Innovators planning to submit an EIC Proposa after this year’s end will refer to the new program.
What is the EIC Accelerator and what are the benefits for candidates
In the official definition, the EIC Accelerator is described as follows:
“EIC Accelerator helps you develop your business concept further into a market-ready product, service or process aligned with your company’s growth strategy. Activities could, for example, include trials, prototyping, validation, demonstration and testing in real-world conditions, and market replication. [..] Projects will receive between € 0.5 and € 2.5 million in the form of grants. They can request a higher or lower amount when applying but it needs to be duly justified. Projects should normally take 12 to 24 months to complete, but could be longer in exceptional and well-justified cases.”
In essence, this occasion is dedicated to all candidates with radically new ideas, supported by a business plan for the implementation of marketable innovation solutions and with the ambition to expand.
For-profit SME candidates, including startups, across sectors, secure funding, optional actions, business coaching, and mentoring.
Furthermore, additional business acceleration services include partnerships, networking with investors, large companies, and SME clients for mutual growth. These happen through specific events and through the online EIC community.
When joining EIC Accelerator, companies gain visibility and increased success opportunities in European and international markets.
Year 2020: investments are innovation-driven
In crises like the 2020 Covid-19 pandemic, investment trends shift towards innovative projects with revolutionary potential in Europe.
The new EIC funding (2021-2027) shapes a digital, sustainable, and human-centered future in the current context.
The new EIC programme funded under Horizon 2020, and soon Horizon Europe, will enter a new era in which the investor of choice for visionary ideas, pioneering a new European approach to support relevant innovations in a responsible and inclusive way.
The EIC’s 2021-2027 funding aims to receive €30-50 billion from private markets, transforming European technology investment and growth.
Stay tuned to find out more about the continuing funding opportunities to drive economic growth in the new EIC 2021-2027 programme.
At EuGrantMe, we are passionate about fostering innovation and empowering ambitious minds to flourish. Our mission revolves around providing top-notch grant writing services for the EIC Accelerator and Horizon grants in Europe, enabling our customers to unlock the full potential of their groundbreaking ideas.
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