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.
We’ve created four simple sections to help you understand how the EIC accelerator works and whether your business could be eligible for funding.
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.
The EIC Accelerator can inject a large amount of cash into your project, offering support with:
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.
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.
The EIC Accelerator provides blended finance (Innovation and Market Deployment Action) which consists of:
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
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.
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
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:
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.
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