EIC Accelerator Grant (SME Instrument Phase 2, EU Funding)
The EIC Accelerator funding (formerly SME Instrument Phase 2) by the European Commission (EC) and the European Innovation Council (EIC) is specifically designed for Small and Medium-Sized Enterprises (SME) which seek financial support for their innovative product. Read: Assessing an EIC Accelerator Applicant
The funding provides €500,000 to €2,500,000 in the form of a non-refundable grant and up to €10,000,000 via equity financing (i.e. financing which requires equity in exchange) to perform the technical and commercial developments necessary in bringing the innovation to market. In total, blended financing (i.e. the combination of grant and equity) can provide up to €12,500,000 in financial support. Read: Introduction & Grant vs. Blended Finance
Companies from all industries can apply, provided the project is in the prototype stage (i.e. Technology Readiness Level 6) and is unique as well as innovative. Read: Technology Readiness Levels (TRL)
About the EIC Accelerator
The EIC Accelerator (formerly SME Instrument Phase 2) is part of the European Innovation Council (EIC) pilot funded by Horizon Europe. This program supports small and medium-sized enterprises (SMEs) with grant and blended financing for their innovations.
Deadlines: The next cut-off date for Step 2 (full proposal) can be found here.
Contact: You can reach out to us via this contact form to work with a professional consultant.
Any more questions? View the Frequently Asked Questions (FAQ) section.
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