---
title: EIC Fund - Performance in the Baltics
description: Innovation funding and grants for SMEs and small mid-caps during 2021-2027. EU funding, EIC Accelerator, EIC Fund, Venture Capital.
---

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# [EIC Fund - Performance in the Baltics](https://www.winnovart.com/news/eic-fund-performance-in-the-baltics)

 Written by [Demmis Necula](https://www.winnovart.com/news/author/demmis-necula) | June 02, 2023

€59 million in the form of grants, equity investments or blended finance were awarded to Baltic firms between 2014-2022. 100+ Baltic firms succeeded in applying for funding from Europe's flagship EIC Accelerator programme (previously called SME instrument under Horizon 2020).

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 programme opens funding and investment opportunities worth over €1.13 billion. 

EIC Funding Impact in the Baltics

Between 2014-2022, 100+ companies were successful in applying for funding from Europe's flagship EIC Accelerator programme (previously called SME instrument under Horizon 2020). €59 million have been awarded in the form of grants, equity investments or a combination of the two: blended finance. 

Read more:  [https://landing.winnovart.com/eic-fund-performance-in-the-baltics](https://landing.winnovart.com/eic-fund-performance-in-the-baltics) 

<https://landing.winnovart.com/eic-fund-performance-in-finland><https://landing.winnovart.com/eic-fund-performance-in-greece>For ongoing updates about the EIC Fund, you can subscribe to our regular updates, [please get in touch with us](https://share.hsforms.com/1dbemDutMS7itxkKQ3pzEkw2cxgb), or follow us on [Facebook](https://www.facebook.com/winnovart/), [LinkedIn](https://www.linkedin.com/company/winnovart), [Twitter](https://twitter.com/winnovart). 

 

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