EU projects – Technology Scouting – Business Innovation

The European Innovation Council (EIC) Accelerator: Over 2000 start-ups and SMEs submissions, Al platform with new functionalities

Since the opening of the EIC Accelerator funding on 9 April, over 2000 start-ups and SMEs submitted short applications on a continuous basis, and 801 of these progressed to submit a full application for funding for the 16 June cut-off of the EIC Accelerator scheme.

The very large majority of the applicants (663) requested blended finance (grant combined with equity investment), while 138 asked for grants without equity. 375 companies applied for the Open call to fund breakthrough innovations in any field of technology and application, while the majority (426) applied for support to develop breakthrough innovations in Strategic Digital and Health technologies (223) or to address the Green Deal challenge (203).

Proposals are now being evaluated by independent experts and the successful companies will be invited to pitch in front of a Jury of investors and business experts during September with results expected in October.

New applicants can submit their application at any time, with no cut-offs, using the EIC Al platform. As per the previous official statement, the Al-based platform needed several improvements which are now done and the platform has new functionalities to help with preparing the application. 

For the whole statement, visit the EIC news