Specialist R&D Tax & Grant Funding Advisors

EIC Accelerator

The EIC Accelerator supports start-ups, spinout companies and individual Small and Medium Enterprises (SMEs) in developing game-changing innovations and scaling them up. Sometimes it will also support small mid-caps of up to 500 employees.

Worth €1.16 billion, we’re talking high impact innovation here; the type of innovative projects with potential to disrupt existing markets and even create new ones.

EIC Accelerator

Guide Overview


We’ve created four simple sections to help you understand how the EIC accelerator works and whether your business could be eligible for funding.

What is the EIC accelerator?


The EIC Pathfinder and Accelerator are the two main funding instruments under the EIC.

The Pathfinder funds lower Technology Readiness Levels (TRLs), trans-disciplinary research-intensive projects in breakthrough areas of science, through multi-beneficiary projects. The Accelerator funds mono-beneficiary and highly innovative projects at higher TRLs, which are viable, but not bankable due to their level of risk.

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What EIC Accelerator support is on offer?


The EIC Accelerator can inject a large amount of cash into your project, offering support with:

  • Investments (direct equity investments) of up to €15 million managed by the EIC Fund for scaling up and other relevant costs. If your organisation is working on a piece of technology that is of specific strategic European interest, it may be able apply for EIC investments in excess of €15 million
  • Grant funding (non-dilutive) of up to €2.5 million to help cover costs relating to innovation development.

Additionally, companies selected for EIC funding can take advantage of a range of benefits as part of the EIC community. This includes mentoring and coaching opportunities, as well as access to investors and corporates.

Who can apply for EIC Accelerator support?


Any organisations that are based within an EU member state can apply for EIC Accelerator support.

As well as countries associated to the Horizon Europe programme. Your company will also be particularly welcomed if it is an SME or start-up that has a female CEO.

Eureka Eurostars Funding Scheme Graphic 01
Innovate UK Graphics 10

What type of funding is available through the EIC Accelerator?


The EIC Accelerator provides blended finance (Innovation and Market Deployment Action) which consists of:

  • An investment component which generally takes the form of direct equity or quasi-equity - convertible loans for example.
  • A grant component to reimburse eligible costs incurred for innovation activities. This includes demonstrating the technology in the relevant environment and prototyping. R&D and testing is also included, where intellectual property management, regulatory and standardisation requirements and marketing approval need to be met.

If you apply for EIC blended finance only, you can opt to receive the investment component only. Find out more in the EIC Work Programme 2022

"With the help of Myriad, our application ranked #1 in Horizon 2020's Fast Track to Innovation across Europe....it opened doors to investors, potential business partners, physicians and much more"

Dr John Thompson

Co-founder, AuriGen Ltd

How do companies apply for EIC Accelerator funding?


Applying for a grant is a time-consuming and resource-intensive process. With our grant bid writing service, we can work with you to prepare an application that gives your project the best chance of success.

Each grant competition has its own rules and requirements. You need to ensure that your innovation meets the competition scope and that you are eligible to apply. For further guidance, you can contact us to determine whether your applying for the right competition.

Grant applications are usually examined by independent experts in the area of innovation identified in the application. The number of experts scoring the application depend on the grant awarding body.

Award-winning projects will involve breakthrough technologies and disruptive innovations that draw on unique strengths from Europe and provide global opportunities to scale up.

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How can we help?


Myriad Associates have an enviable track record with R&D grant applications. Using our grant application services can give you a significant competitive advantage over other grant applicants.

Our grant bid writers have secured over €200m for our clients in the last 24 months. We are also very proud to have secured some of the highest scoring applications in Europe, with five of our projects scoring 15/15.

About Myriad Associates
Video Item
  • #1 European grants team - We employ leading bid writers who write compelling applications.
  • Templates & tools - Our templates make it easy to collaborate & prepare a winning bid.
  • 70% Success rates - Dramatically improve your chances of success.
  • A complete service - On receipt of your offer letter, we help you with all administrative requirements to ensure prompt receipt of grant funds.
Grant Figures 2022

Our results

  • €300 Million+ in Grants secured in just 3 years.
  • DTIF: 17 wins.
  • Horizon Europe EIC: 32 wins.
  • Other EU Grants: 9 wins.
  • #1 Ranking: Achieved three times in European grant funding applications.
  • #2 Ranking: Earned four times in European grant funding applications.
  • Top 5 Ranking: Achieved four times in Europe.
  • Perfect Score: Scored 15/15 in 3 EU funding applications.

Frequently asked questions


The Fast Track scheme (also known as ‘Fast Tracking’) comes under Horizon Europe and means that funding bodies managing other parts of the Horizon Europe programme can submit projects directly to the full application stage of the EIC Accelerator. However, this is subject to a review of the ongoing project.

At the moment, fast tracking is done by the European Institute of Innovation and Technology (EIT) by a number of its Knowledge and Innovation Communities as well as by the EIC for the Pathfinder and Transition projects.

The Plug-in scheme is very different to the Fast Track scheme however there’s one difference: It only applies to proposals resulting from existing regional or national programmes. Bear in mind that the scheme is not yet up and running as the EIC is currently assessing relevant programmes - we will update this webpage in due course.

Generally you’ll receive feedback about your EIC Accelerator application within 4 weeks. If your application meets the basic criteria for EIC Accelerator funding, you’ll then need to prepare a full application to submit to one of the periodic cut-off dates for Accelerator Open or Accelerator Challenge funding.

The European Innovation Council (EIC) is part of Pillar III Innovative Europe and supports European innovators in all fields of disruptive, market-creating innovations. It supports both research-intensive transdisciplinary projects (Pathfinder) and close-to-market mono-beneficiary projects (Accelerator).

It is crucial to keep the European point of view and mind and ensure that your project:

  • Focuses on cutting-edge research and innovation
  • Leverages Europe’s scientific strengths into leadership in breakthrough and disruptive innovation
  • Influences broader economic, social, and economic transitions and related societal challenges
  • Has European value and impact

Each funding competition has its own timelines. For the EIC Accelerator, you can expect results from the initial short application stage (expression of interest) in 2-4 weeks following submission. For the full application, results are within 5 weeks of submission with interviews 9 weeks after the submission deadline.

The European Research Area (ERA) is a concept that seeks to establish a unified single area in which scientific knowledge, technology and researchers can circulate freely. ERA provides a framework for European policies geared towards removing barriers of mobility and putting the necessary conditions in place for scientists to move more easily, have better access to funding and concentrate on their research. A new ERA Communication is foreseen in 2020.

The EIC Pathfinder and Accelerator are the two main funding instruments under the EIC. The Pathfinder funds lower Technology Readiness Levels (TRLs), trans-disciplinary research-intensive projects in breakthrough areas of science, through multi-beneficiary projects. The Accelerator funds mono-beneficiary and highly innovative projects at higher TRLs, which are viable, but not bankable due to their level of risk.

Need help applying for EIC Accelerator funding?

Speak to one of our senior grant writers to see if your project is likely to win funding.

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