Overview

Donor: European Commission (EC) - HORIZON
Application procedure: Online Application
Donor base: Belgium
Reference number: HORIZON-EIC-2021-ACCELERATOROPEN-01
Eligible applicants: Social Business
Deadline: 06.10.2021

Financial details

Grant size: Large - more than $1,000,000
Minimum grant size: 500.000€
Total available budget: -
Funding type: Grants
Maximum grant size: 17.500.000$
Funding ratio: up to 100%

Sectors

  • Energy
  • Environment & Natural Resources
  • Research, Technology & Innovation

Project Locations

  1. Europe

      Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia

Description

1) Objective

The EIC Accelerator supports companies (principally start-ups and SMEs) to scale up high impact innovations with the potential to create new markets or disrupt existing ones. The EIC Accelerator focuses in particular on innovations building on scientific discovery or technological breakthroughs (‘deep tech’) and where significant funding is needed over a long timeframe before returns can be generated (‘patient capital’). Such innovations often struggle to attract financing because the risks and time period involved are too high. Funding and support from the EIC Accelerator is designed to enable such innovators to attract the full investment amounts needed for scale up in a shorter timeframe.

The EIC Accelerator is open to innovations in any field of technology or application. However, innovations that harm the environment or social welfare or that are designed primarily for military applications will not be supported. It supports the later stages of technology development as well as scale-up. The technology component of your innovation must therefore have been tested and validated in a laboratory or other relevant environment (e.g. at least Technology Readiness Level 5/6 or higher). The EIC Accelerator looks to support companies where the EIC support will act as a catalyst to crowd in other investors necessary for the scaleup of the innovation.

2) Eligibility

In order to apply you must meet one of the following eligibility conditions: A single company classified as a SME and established within a Member State or an Associated Country (see Annex 3 of the EIC Work Programme 2021); A single company classified as a ‘Small mid-cap’ (up to 500 employees) established in a Member State or an Associated Country, but your application can only be for rapid scale up purposes (e.g. Technology Readiness Level 9) and only for the investment component; One or more natural persons (including individual entrepreneurs) or legal entities.

3) Location

Actions must take place in EU member states.

4) Budget

The total funding amount is €592,500,000. The EIC Accelerator provides a unique combination of funding from EUR 0.5 to EUR 17.5 million and Business Acceleration Services.

5) Application

All applications must be submitted before 6 October 2021. All application details and templates can be downloaded from the given website. An application must be submitted via the online application portal.

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