In 2022, €1+ billion in grant and equity funding was made available to SMEs and small midcaps via the European Innovation Council (EIC) – the European Commission’s flagship innovation funding programme for the period 2021-2027.
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 can provide grant funding (non-dilutive) of up to €2.5 million for innovation development costs and investments (direct equity) from €500k up to €15 million via the dedicated EIC Fund.
Total Number of Winners by Funding Type and Cut-off
Since the introduction of the EIC Accelerator Programme under Horizon Europe, 313 companies have been selected to receive grant and/or equity funding. There were 75 selected companies in the recent June cut-off. Blended finance has been the most popular form of support requested by successful applicants.
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Source: Data published by the EIC during 2021-2022
Read more: https://landing.winnovart.com/eic-accelerator-statistics-and-insights
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