EIC Accelerator - Short Proposal

Description

The grant aims to support startups and small to medium-sized enterprises (SMEs) in EU Member States and Horizon Europe Associated Countries by providing financial support to develop and scale up high-risk, high-impact innovations. This initiative focuses on driving the creation of new markets or transforming existing ones through technological breakthroughs and deep tech innovations.

Type of Project

• Solution/Product or Service Development (TRL 5/6 to 8)
• Market Deployment and Scale-up (TRL 9)
• Innovative Projects aiming for significant market impact

Eligibility Criteria

• Applicant must be a startup or SME, potentially including spin-outs, established within an EU Member State or Horizon Europe Associated Country.
• Projects must focus on high-risk/high-impact innovations likely to create or transform markets.
• Applicants need sufficient financial stability or partners to co-finance the scaling up of the innovation.

Eligible Expenses

• Direct costs associated with technological development and innovation.
• Expenses related to achieving readiness for market deployment and scaling up.
• Costs linked to intellectual property acquisition and protection.

Examples of Eligible Projects to be developed

• Development and preliminary deployment of an innovative monoclonal antibody-based therapy for new virus variants.
• Establishment of a new value chain for renewable energy resources, including materials development and recycling.
• Scaling up a groundbreaking technology or product that significantly improves existing market solutions.

Financial Information

• Total budget for the grant: 634.000.000€
• Co-financing percentage: Maximum of 70% of total eligible costs
• Maximum funding per company: 2.500.000€
• Minimum funding per company: 500.000€

Stages of the process:

1. Short Proposal (Granter fee of 1.500€)

• 5-page proposal + 10-slide pitch + 3-minute video
• Continuously open with a response of up to 4 weeks

2. Full proposal (Granter fee of 3.500€ + 2% of success fee)

• Full 20-page proposal with annexes + Coaching by the European Commission
• Evaluation with projects of excellence, impact, risk and implementation
• Results in 5-6 weeks
• Last cut-off of 2024 on October 3rd

3. Interview with EIC jury:

• 10-minute pitch + 30-minute Q&A
• Funding decision in 2-3 weeks
   

Note: If you have already received a grant support by the EIC Accelerator, you can apply for an investment by the EIC Fund.