--- title: EIC Fund - History of Issues with the EIC Fund description: EIC Fund - Europe's flagship blended funding programme. An insight into the EIC Fund implementation issues and delays faced during the programme. image: https://www.winnovart.com/hubfs/EIC%20Fund%20-%20Updates%20%26%20Insights.png --- [Skip to content](https://www.winnovart.com/news/history-of-issues-with-the-eic-fund#main-content) [![](https://www.winnovart.com/hs-fs/hubfs/logo-new1.jpeg?width=286&height=75&name=logo-new1.jpeg)](https://winnovart.com) - [News](https://winnovart.com/news/tag/news) - Client Service Show submenu for Client Service - [Service Options](https://www.winnovart.com) - About us Show submenu for About us - [Who we are](https://www.winnovart.com/about-us/our-thsesis) - [Our Thesis](https://www.winnovart.com/about-us/our-thsesis) - [Our Team](https://www.winnovart.com/about-us/team) - [Careers](https://www.winnovart.com/about-us/careers) - [Winnovart Ventures](https://www.winnovart.com/about-us/introducing-winnovart-ventures) - Funding Highlights Show submenu for Funding Highlights - [EIC Funding](https://www.winnovart.com/news/tag/eic-funding) - [EEA & Norway Grants](https://winnovart.com/news/tag/eeanorway-grants) - [UK Innovation Funding](https://winnovart.com/news/tag/uk-innovation-funding) - [US Innovation Grants](https://winnovart.com/news/tag/us-innovation-grants) - [Blended Finance](https://www.winnovart.com/news/tag/blended-finance) - [Winnovart Surveys](https://winnovart.com/news/tag/surveys) - [Winnovart Explore Newsletter](https://winnovart.com/news/tag/winnovart-explore) - [Contacts](https://www.winnovart.com/contact-us) - [News](https://winnovart.com/news/tag/news) - Client Service Show submenu for Client Service - [Service Options](https://www.winnovart.com) - About us Show submenu for About us - [Who we are](https://www.winnovart.com/about-us/our-thsesis) - [Our Thesis](https://www.winnovart.com/about-us/our-thsesis) - [Our Team](https://www.winnovart.com/about-us/team) - [Careers](https://www.winnovart.com/about-us/careers) - [Winnovart Ventures](https://www.winnovart.com/about-us/introducing-winnovart-ventures) - Funding Highlights Show submenu for Funding Highlights - [EIC Funding](https://www.winnovart.com/news/tag/eic-funding) - [EEA & Norway Grants](https://winnovart.com/news/tag/eeanorway-grants) - [UK Innovation Funding](https://winnovart.com/news/tag/uk-innovation-funding) - [US Innovation Grants](https://winnovart.com/news/tag/us-innovation-grants) - [Blended Finance](https://www.winnovart.com/news/tag/blended-finance) - [Winnovart Surveys](https://winnovart.com/news/tag/surveys) - [Winnovart Explore Newsletter](https://winnovart.com/news/tag/winnovart-explore) - [Contacts](https://www.winnovart.com/contact-us) # EIC Fund - History of Issues with the EIC Fund [Demmis Necula](https://www.winnovart.com/news/author/demmis-necula) April 20, 2023 The EIC Fund was incorporated in June 2020 and operational in September 2020 during the EIC pilot phase (2018-20). Since the creation of the EIC Fund under the Horizon 2020 programme, 341 companies have been selected for equity investment in the form of blended funding or equity-only funding. However, only 89 of these companies have managed to sign a deal with the EIC Fund. Why do companies have to wait for months and months to get their money? The EIC Fund and EIC Accelerator have struggled to meet their deadlines and expectations as outlined in the EIC’s KPIs document, putting many start-ups on the verge of collapse. Funding delays have split over from the EIC Accelerator pilot phase to the fully-fledged EIC Accelerator, and start-ups are still waiting for their money. The EIC announced in November 2022 that it had signed 2 more agreements in addition to the first deal signed in June 2022. In the announcement, the EIC stated that 35 decisions were made. These announcements were made months after the EIC’s initial promises. In earlier news releases, the EIC announced that the backlog of deals would be cleared in the summer following the appointment of a new external fund manager. Alter Domus was appointed by the EC as the new external fund manager in September 2022, many months after the expected deadline in June 2022.  Read more: [https://landing.winnovart.com/eic-fund-history-of-issues](https://landing.winnovart.com/eic-fund-history-of-issues)   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).    Categories: [2020](https://www.winnovart.com/category/2020/), [EEA&Norway grants](https://www.winnovart.com/category/eeanorway-grants/), [HomePage](https://www.winnovart.com/category/homepage/), [News](https://www.winnovart.com/category/news/), [Winnovart Explainer](https://www.winnovart.com/category/winnovart-explainer/) | Tags: [blue growth croatia](https://www.winnovart.com/tag/blue-growth-croatia/), [business development and innovation croatia](https://www.winnovart.com/tag/business-development-and-innovation-croatia/), [business innovation projects croaitia](https://www.winnovart.com/tag/business-innovation-projects-croaitia/), [eeano croatia](https://www.winnovart.com/tag/eeano-croatia/), [funding for Croatian companies](https://www.winnovart.com/tag/funding-for-croatian-companies/), [green industry innovation croatia](https://www.winnovart.com/tag/green-industry-innovation-croatia/), [innovation croatia](https://www.winnovart.com/tag/innovation-croatia/), [innovation norway croatia](https://www.winnovart.com/tag/innovation-norway-croatia/), [winnovart explainer croatia](https://www.winnovart.com/tag/winnovart-explainer-croatia/) | [Permalink](https://www.winnovart.com/winnovart-explainer-eea-norway-grants-for-business-innovation-projects-in-croatia/) [News](https://www.winnovart.com/news/tag/news), [HomePage](https://www.winnovart.com/news/tag/homepage), [2023](https://www.winnovart.com/news/tag/2023), [Blended Finance](https://www.winnovart.com/news/tag/blended-finance), [EIC Funding](https://www.winnovart.com/news/tag/eic-funding) ![](https://www.winnovart.com/hubfs/EIC%20Fund%20-%20Updates%20%26%20Insights.png) [![Facebook](https://www.winnovart.com/hubfs/social-media-icons/facebook-icon.png)](https://www.facebook.com/winnovart/) [![Twitter](https://www.winnovart.com/hubfs/social-media-icons/twitter-icon.png)](https://twitter.com/winnovart) [![LinkedIn](https://www.winnovart.com/hubfs/social-media-icons/linkedin-icon.png)](https://www.linkedin.com/company/winnovart) [Winnovart Surveys](https://www.winnovart.com/news/tag/surveys) [Subscribe to Winnovart's Newsletter](https://share.hsforms.com/16rADODCGRgKIED9KhD-HBA2cxgb) Check your funding readiness [Service options – Winnovart](https://www.winnovart.com/funding-highlights/eeanorway-grants/eeanorway-grants-news/eeanorway-bilateral-dimension/) [Contact us! \>\>](https://www.winnovart.com/contacts/) ### ARCHIVE [News & Updates 2021](https://www.winnovart.com/news/archive/2021) [News & Updates 2020](https://www.winnovart.com/news/archive/2020) [News & Updates 2019](https://www.winnovart.com/news/archive/2019) [News & Updates 2018](https://www.winnovart.com/news/archive/2018) [News & Updates 2017](https://www.winnovart.com/news/archive/2017) [News & Updates 2016](https://www.winnovart.com/news/archive/2016) [Go to Winnovart Surveys for fundraising intelligence](https://www.winnovart.com/news/tag/surveys) Copyright © 2010 - 2026 Winnovart [Disclaimer](https://www.winnovart.com/about-us/disclaimer)  |  [Privacy Policy](https://www.winnovart.com/privacy-policy2018/) [Follow us on Facebook](https://www.facebook.com/winnovart/) [Follow us on Twitter](https://twitter.com/winnovart) [Follow us on LinkedIn](https://www.linkedin.com/company/winnovart/)