Financing grants
EIC Accelerator
Grant and/or financing to encourage companies to bring their technological innovations to the market and scale them
Up to €15M
Beneficiaries
Natural or legal persons, Midcaps, Investors
![bg-ayudas-interior](https://www.bicaraba.eus/wp-content/uploads/2020/10/bg-ayudas-interior.png)
Object
The EIC Accelerator (previously known as SME Instrument) aims to empower companies to bring their technological innovations to market and scale them. For this program, high-risk projects are sought, based on an innovative value proposition with high technological content and a committed team.
Amount
Non-refundable subsidies (from €0.5M to €2.5M in the form of a 70% “Grant”), for projects in phases TRL6 -TRL8. Investment: access to venture capital worth up to €15M (<25%) for any TRL.
Eligible expenses
Grant Portion: Eligible expenses incurred for innovation activities, including demonstration of the technology in the relevant environment, system-level prototyping and demonstration, R&D and testing necessary to meet regulatory requirements and standards, intellectual property management and marketing (At least TRL 5/6 to 8).
Investment part: Intended to finance market deployment and scaling, but can also be used for other purposes (including co-financing or even full financing of innovation activities).
Beneficiaries
- Natural or legal persons (who are going to establish/transfer a company in EEMM or AACC)
- Midcaps
- Investors (who are going to invest in a company in EEMM or AACC)
Deadlines, application and evaluation steps
- STEP 1- Submit a short proposal (5 pages) through a guided process on the IA platform. In addition, a pitch deck and a 3-minute video must be attached. Open all year long. 4 remote evaluators, to move to STEP 2, at least 2 evaluators must give the GO. (*)
- STEP 2 – Complete proposal development on the AI platform. Open all year long.
- STEP 3 -Submission and complete proposal evaluation. 3 evaluators, to move to STEP 4, the 3 evaluators must give the GO. (*)
- STEP 4 – Interview. May, September and November/December
(*) Only 2 submissions are allowed in each step of the application process. After a year of waiting it will be possible to apply again. In addition, there will be the option to apply to two types of calls: ACCELERATOROPEN-01, open to all industrial sectors in which the budget is €296 M subsidy and €296 M investment ACCELERATORCHALLENGES-01 focused on priority sectors: “Strategic digital & health technologies” and “Green deal for the economic recovery” in which the budget is €296 M subsidy and €296 M investment
Normative
https://eic.ec.europa.eu/eic-funding-opportunities/eic-accelerator_en
More information
bicaraba@bicaraba.eus
945298282