EIC Accelerator funding opportunities - (under Horizon 2020)
Description Go to funding source website
The EIC Accelerator (previously know as SME Instrument) is part of the European Innovation Council (EIC) pilot that supports top-class innovators, entrepreneurs, small companies and scientists with funding opportunities and acceleration services.
The EIC Accelerator supports high-risk, high-potential small and medium-sized enterprises and innovators to help them develop and bring onto the market new innovative products, services and business models that could drive economic growth.
Selected companies receive funding and optional equity and are offered business coaching and mentoring to scale up their innovation idea. They get extra acceleration services to connect with investors, corporates and likeminded entrepreneurs.
As an EIC Accelerator client, you will gain visibility and boost your chances of success in European and international markets.
Who should apply?
The EIC Accelerator is designed for small and medium-sized enterprises (SMES) with radically new ideas underpinned by a business plan for rolling out marketable innovation solutions and with ambitions to scale up. It targets for-profit SMEs only, including young companies and start-ups, from any sector - there are no set topics. From 5 June 2019 only single companies (as opposed to consortia) can apply for EIC Accelerator.
Companies that apply must be established in an EU Member State or a Horizon 2020 associated country. Large corporates, research centers or scientists cannot apply directly but they can participate in projects as subcontractors or third parties and don't need to be established in an EU Member State or associated country.
Please note that as of 1 February 2020, the United Kingdom formally left the European Union. According to the Withdrawal Agreement, applicants located in the UK are:
eligible for grants (including the EIC Accelerator) until the end of the transition period on 31 December 2020. They are entitled to receive EU grant funding to carry out their projects until the projects’ lifetime is completed, including projects finishing after the end of the transition period. Applicants located in the UK are however not eligible for EIC Accelerator Pilot equity support as of 1 February 2020.
Have a look the EU definition of SMEs to see if your company fits the bill. If not, the EIC enhanced pilot offers different kinds of support at different stages of the innovation cycle and for different types of applicants. Try out the EIC wizard to see which innovation funding instrument suits you the best.
What support can you get?
The EIC provides support to the full business innovation cycle. For early-stage research and innovation, projects can seek support from EIC Pathfinder pilot. SME Instrument phase 1 has been phased-out and this funding is no longer available.
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. If the activity concerns a primarily technological innovation, a Technology Readiness Level (TRL) of 6-8 is envisaged for projects requesting grants only. 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.
From 5 June 2019 the EIC Accelerator offers blended finance in the form of an optional investment in equity in addition to the grant, to single for-profit SMEs. Grants will finance activities from TRL 6-8. Activities above TRL 8 will financed only through blended finance.
Applicants will be asked to indicate if they want blended finance and the amount requested for equity. The maximum of investment in the form of equity is € 15 million.
Running projects can under certain circumstances request additional blended finance potentially combined with a top-up of their grant.
Starting on 18 March until 19 May 2020, applicants will be able to apply for the Green Deal topic specifically concentrating on those innovations that fuel the societal transition towards sustainability while supporting EU’s competitiveness and leadership in clean technologies. The topic targets high-risk, high-potential small- and medium-sized enterprises (including startups) from any sector provided that they contribute to one or more of the Green Deal goals as mentioned in the draft work programme.
Business acceleration services and coaching
The EIC pilot offers free coaching, business acceleration services and mentoring to help your business scale up and grow. These are open to all small businesses that are EIC clients, simultaneously to their grant.
Coaching covers business development, organisational development, cooperation, and financing. SMEs taking part in EIC Accelerator, FTI or Pathfinder are offered up to 12 coaching-days.
The free-of-charge coaching service is facilitated by the Enterprise Europe Network (EEN).
Other business acceleration services are offered in the form of partnering and networking with investors, larger firms and other SME clients. These happen through specific events and through the online EIC Community.
How to apply?
Applicants will first have to submit a paper-based proposal of their project that will be evaluated remotely by four independent experts. A selected number of proposals will be invited to Brussels to pitch in front of a Jury. For more information have a look at how proposals are evaluated.
To apply you are invited to register and submit your proposal on the Horizon 2020 Funding &Tenders Portal. Before applying we invite you to read the full details about submissions, eligibility and admissibility criteria and the evaluation procedure in the Guidelines for Applicants and the 2018-2020 Work Programme on the Horizon 2020 Funding and Tenders Portal. We also advise you to get in touch with your Enterprise Europe Network regional office and have a look at our tips for applicants.
When to apply?
The EIC Accelerator is a continuously open call with regular cut-offs.
The indicative budget from 2018 to 2020 for the EIC Accelerator/SME Instrument is as follows:
|Overall yearly budget||€479.74 million||€689.26 million||€819.04 million|
|Phase 2 /Accelerator - Grants/Equity||87%||91%||60%|
|Accelerator - Green Deal topic||-||-||37%|
|Coaching and mentoring||1%||1%||1%|
The maximum delay to inform applicants will be 4 months from the date of the cut-off. The indicative date for the signing of grant agreements is maximum 6 months from the date of the corresponding cut-off.
Documents and links
- Find all documents on the Horizon 2020 Funding and Tenders Portal.
- EIC Accelerator Fund Pilot investment Guidelines for Applicants
- Companies funded so far
- Frequently asked questions