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Segler Consulting

Do You Need Additional Investors?

March 19, 2019 • By Stephan Segler, PhD
Phase 1 is funded as a flat fee of €50,000 for the purpose of performing a feasibility study.
 
Phase 2, while being flexible with €500,000 to €5,000,000 in funding, is also paid as 70% of the total projects costs.
 
The reason for the remaining 30% is that the EU wants to fund companies that are able to allocate the remaining investments or already have revenues as opposed to companies that do not have the means to do so.
 
In summary, the remaining 30% would be covered through private investors, product revenues or through private funds.

These tips are not only useful for European startups, professional writers, consultants and Small and Medium-Sized Enterprises (SME) but are generally recommended when writing a business plan or investor documents.

Deadlines: Post-Horizon 2020, the EIC Accelerator accepts Step 1 submissions now while the deadlines for the full applications (Step 2) under Horizon Europe are:

EIC Accelerator Step 1 Deadline 2025

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Hours
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EIC Accelerator Step 2 Deadline 2025

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12
March
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1
October
EIC Accelerator Step 2 Deadlines: March 12th 2025 and October 1st 2025

EIC Accelerator Step 3 Deadline 2025

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2
June
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January
EIC Accelerator Step 3 Interview Dates: Week of June 2nd 2025 and January 2026

 

The Step 1 applications must be submitted weeks in advance of Step 2. The next EIC Accelerator cut-off for Step 2 (full proposal) can be found here. After Brexit, UK companies can still apply to the EIC Accelerator under Horizon Europe albeit with non-dilutive grant applications only - thereby excluding equity-financing.

Contact: You can reach out to us via this contact form to work with a professional consultant.

AI Grant Writer: ChatEIC is a fully automated EIC Accelerator grant proposal writer: Get it here.

EU, UK & US Startups: Alternative financing options for EU, UK and US innovation startups are the EIC Pathfinder (combining Future and Emerging Technologies - FET Open & FET Proactive) with €4M per project, Thematic Priorities, European Innovation Partnerships (EIP), Innovate UK with £3M (for UK-companies only) as well as the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants with $1M (for US-companies only).

Any more questions? View the Frequently Asked Questions (FAQ) section.

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