The EIC Accelerator funding (grant and equity, with blended financing option) by the European Commission (EC) and European Innovation Council (EIC) is designed to fund startups and Small- and Medium-Sized Enterprises (SME) and awards up to €2.5 million in grant and €15 million in equity financing per project (€17.5 million total).
Beneficiaries are often supported by professional writers, freelancers or consultants since the EIC Accelerator application process is highly complex and lengthy. Additionally, the program is generally opaque and confusing for most first-time applicants since its documentation is very general while statistics and reports are mostly focusing on a few case studies and the top industries rather than presenting a big picture.
Analyzing EIC Accelerator Beneficiaries
ChatEIC, a custom AI based on GPT-4, is focusing on the EIC Accelerator and is able to analyze large datasets as well as extract valuable information that can help EIC Accelerator applicants and policymakers gain insight into the types of companies that are being funded by the program. Since all EIC Accelerator Beneficiaries are made public, it is possible to derive insights regarding their industries and products.
All EIC Accelerator applicants who have been funded since 2021 fall into the following high-level categories in order of popularity:
- Medical Devices
- Environmental Technology
- Pharmaceuticals
- Biotechnology
- Semiconductor Technology
- Artificial Intelligence
- Agricultural Technology
- Healthcare Technology
- Space Technology
- Renewable Energy and Storage
- Quantum Computing
- Food Technology
- Construction Technology
- Battery Technology
- Automotive Technology
- Cybersecurity
- Clean Technology
- Recycling Technology
- Industrial Automation
- Electric Vehicles
- Telecommunications
- 3D Printing
- Nanotechnology
- Water Treatment Technology
- Textile Industry
A More Granular Approach
But of course, these high-level industry overviews are what has already been reported numerous times.
Very often, companies innovate at the intersection of existing technologies and it is often impossible to pigeonhole them into a single industry. Thus, the following list presents a more detailed approach regarding all funded EIC Accelerator companies since 2021 and their respective industry:
- Biotechnology (75 Companies)
- Medical Devices (52 Companies)
- Medical Technology (22 Companies)
- Quantum Computing (9 Companies)
- Semiconductor Technology (8 Companies)
- Agricultural Technology (7 Companies)
- Renewable Energy (6 Companies)
- Environmental Technology (6 Companies)
- Pharmaceuticals (5 Companies)
- Medical Imaging (5 Companies)
- HealthTech (5 Companies)
- Medical Diagnostics (5 Companies)
- AgriTech (4 Companies)
- Artificial Intelligence (4 Companies)
- Biotechnology / Pharmaceuticals (3 Companies)
- Construction Technology (3 Companies)
- Medical Robotics (3 Companies)
- Battery Technology (3 Companies)
- Digital Health (3 Companies)
- Automotive Technology (3 Companies)
- Environmental Monitoring (3 Companies)
- Renewable Energy Storage (3 Companies)
- Space Technology (3 Companies)
- Packaging Materials (2 Companies)
- Biomedical Engineering (2 Companies)
- Green Technology (2 Companies)
- Transportation Technology (2 Companies)
- Cleantech HVAC (2 Companies)
- Cybersecurity (2 Companies)
- Food Technology (2 Companies)
- Semiconductors (2 Companies)
- Additive Manufacturing (2 Companies)
- Oncology Biotech (2 Companies)
- Clean Energy Technology (2 Companies)
- Textile Technology (2 Companies)
- Assistive Technology (2 Companies)
- Telecommunications (2 Companies)
- Recycling Technology (2 Companies)
- Biotechnology AI (2 Companies)
- Medical Imaging AI (2 Companies)
- Energy Storage (2 Companies)
- Aquaculture Technology (2 Companies)
- Augmented Reality (2 Companies)
- Aerospace Engineering (1 Company)
- Analytical Instrumentation (1 Company)
- AgriTech / BioTech (1 Company)
- Photonics (1 Company)
- Oncology Biotechnology (1 Company)
- Electric Vehicle Charging (1 Company)
- Dermatological Diagnostics (1 Company)
- Biotechnology Dyes (1 Company)
- Materials Technology (1 Company)
- LiFi Aerospace Communication (1 Company)
- Artificial Intelligence Imaging (1 Company)
- Space Tech (1 Company)
- Green Energy Storage (1 Company)
- Biomedical Imaging (1 Company)
- Biodegradable Materials (1 Company)
- Transportation Optimization (1 Company)
- Indoor Air Quality Monitoring (1 Company)
- Computer Vision (1 Company)
- Healthcare Technology (1 Company)
- Sportstech or Wearable Technology (1 Company)
- Wireless Charging (1 Company)
- Bioinformatics SaaS (1 Company)
- Synthetic Speech Technology (1 Company)
- FoodTech / AgriTech (1 Company)
- Oncology Therapeutics (1 Company)
- Thermo-Acoustic Heat Pumps (1 Company)
- Medtech Robotics (1 Company)
- Aquaculture (1 Company)
- Sustainable Maritime Tech (1 Company)
- Radiation Filter (1 Company)
- Agricultural Biotechnology (1 Company)
- EdTech (Educational Technology) (1 Company)
- AgriTech AI (1 Company)
- Sustainable Packaging (1 Company)
- Power Electronics (1 Company)
- Orthopedics Biotechnology (1 Company)
- Green Construction Tools (1 Company)
- Space Safety (1 Company)
- Photonics Technology (1 Company)
- Aerospace Manufacturing (1 Company)
- Insulation Materials (1 Company)
- Gas Analysis Technology (1 Company)
- Biotechnology or Medical Devices (1 Company)
- Gaming Content Platform (1 Company)
- Bio-based Additives (1 Company)
- Pharmaceutical Technology (1 Company)
- Marine Technology (1 Company)
- Electric Vehicles (1 Company)
- Music Technology (1 Company)
- Biotechnology / Pharmaceutical Industry (1 Company)
- Industrial Automation (1 Company)
- Thermodynamics/Cooling Technologies (1 Company)
- Internet of Things (IoT) (1 Company)
- Drone Navigation Technology (1 Company)
- Digital Media Distribution (1 Company)
- Biocontrol Production (1 Company)
- Biotechnology Software (1 Company)
- Exoskeleton Technology (1 Company)
- Energy Technology (1 Company)
- Energy Management (1 Company)
- Quantum Communications (1 Company)
- Analytical Instruments (1 Company)
- Mobile Networking (1 Company)
- Thermodynamics (1 Company)
- Footwear Manufacturing (1 Company)
- Foodtech (1 Company)
- Financial Technology (FinTech) (1 Company)
- Medical Equipment (1 Company)
- Optical Metrology (1 Company)
- Mining Technology (1 Company)
- Aerospace Technology (1 Company)
- Waste Management (1 Company)
- Textile Recycling (1 Company)
- Automotive Sensors (1 Company)
- Aerospace Logistics (1 Company)
- Logistics Technology (1 Company)
- Biofuel Technology (1 Company)
- Nuclear Energy (1 Company)
- Climate Tech (1 Company)
- Pharmaceutical Biotechnology (1 Company)
- Solar Energy (1 Company)
- Battery Materials (1 Company)
- Dental Technology (1 Company)
- Semiconductor IP (1 Company)
- HVAC Solutions (1 Company)
- Geospatial Analytics (1 Company)
- Climate Data Analytics (1 Company)
- Mycotechnology (1 Company)
- Electricity Transmission (1 Company)
- Battery Analytics (1 Company)
- E-commerce Technology (1 Company)
- Analytical Technology (1 Company)
- Biotechnology Sensor (1 Company)
- Personalized Medicine (1 Company)
- Electroplating (1 Company)
- Orthopedic Devices (1 Company)
- Winery Technology (1 Company)
- Geotechnical Engineering (1 Company)
- Photonics Industry (1 Company)
- Wireless Communications (1 Company)
- Biotech Manufacturing (1 Company)
- Livestock Tech (1 Company)
- Robotics Construction (1 Company)
- Cellular Agriculture (1 Company)
- Marine Conservation (1 Company)
- Agricultural Biotech (1 Company)
- AgriTech/BioTech (1 Company)
- Predictive Maintenance (1 Company)
- Green Packaging (1 Company)
- Ocean Acoustics (1 Company)
- Supply Chain Technology (1 Company)
- Biotechnology or Agribiotech (1 Company)
- Green Tech (1 Company)
- Building Materials (1 Company)
- Advanced Sensor Technology (1 Company)
- AI Visual Assistance (1 Company)
- Insect Farming Technology (1 Company)
- Photovoltaic Manufacturing (1 Company)
- Energy Storage Manufacturing (1 Company)
- Audio Technology (1 Company)
- Water Treatment (1 Company)
- Electronic Recycling (1 Company)
- Wearable Technology (1 Company)
- Optoelectronics (1 Company)
- Water Purification (1 Company)
- Precision Robotics Components (1 Company)
- Offshore Construction (1 Company)
- Energy Harvesting (1 Company)
- Circular Economy (1 Company)
- Prosthetics Industry (1 Company)
- Green Rubber Industry (1 Company)
- Smart Materials (1 Company)
- Composite Recycling (1 Company)
- Agri-Tech or FoodTech (1 Company)
- Prosthetics / Bionics (1 Company)
- Renewable Energy Tech (1 Company)
- Clean Technology / Cleantech (1 Company)
- Space Debris Management (1 Company)
- Meteorological Analytics (1 Company)
- Space Services (1 Company)
- 3D Printing (1 Company)
- Agrobiotechnology (1 Company)
- Sustainable Materials (1 Company)
- Sustainability Tech (1 Company)
- Robotics Automation (1 Company)
- Biometric Security (1 Company)
- Display Technology (1 Company)
- Semiconductor Sensors (1 Company)
- Advanced Materials (1 Company)
- Fintech (1 Company)
- Bioenergy Production (1 Company)
- Battery Recycling (1 Company)
- Aerospace Industry (1 Company)
- Biotechnology or Pharmaceuticals (1 Company)
- Anti-Counterfeiting (1 Company)
- Laser Technology (1 Company)
- Obstetric Diagnostics (1 Company)
- Industry category: Industrial IoT (Internet of Things) (1 Company)
- Biometrics Technology (1 Company)
- Artificial Intelligence (AI) Technology (1 Company)
- Biotechnology or Pharmaceutical Industry (1 Company)
- Energy Infrastructure (1 Company)
- Software Testing (1 Company)
- Satellite Communications (1 Company)
- Biologistics (1 Company)
- Electronic Design Automation (EDA) (1 Company)
- Infrastructure Inspection (1 Company)
- Oncology Support (1 Company)
- Semiconductors (AI Chips) (1 Company)
- Textile Manufacturing (1 Company)
- Optoelectronics Manufacturing (1 Company)
- Semiconductor Diagnostics (1 Company)
- Respiratory Health AI (1 Company)
- Oncology Diagnostics (1 Company)
- Construction Equipment Electrification (1 Company)
- Geospatial Mapping (1 Company)
- Biopharmaceuticals (1 Company)
- Metallurgy (1 Company)
- Biotechnology Pest Control (1 Company)
- Quantum Cryptography (1 Company)
- Optoelectronics Industry (1 Company)
- Nanotechnology (1 Company)
- Drone Data (1 Company)
- Mixed Reality Technology (1 Company)
- Biotechnology Agriculture (1 Company)
- Electronic Materials (1 Company)
- AgriTech / Cleantech (1 Company)
- Biodegradable Packaging (1 Company)
- Medical Sterilization (1 Company)
- Water Technology (1 Company)
- Nutraceuticals (1 Company)
- Data Privacy (1 Company)
- Agriculture Technology (1 Company)
- Quantum Technology (1 Company)
- CleanTech / Solar Energy (1 Company)
- Artificial Intelligence Safety (1 Company)
- Semiconductor Manufacturing (1 Company)
- Materials Science (1 Company)
- Space Robotics (1 Company)
- Environmental Analytics (1 Company)
- Materials Engineering (1 Company)
- Edge Computing (1 Company)
- Biochemicals Industry (1 Company)
- Carbon Capture (1 Company)
- Electric Vehicles (EVs) (1 Company)
- Telecommunications Technology (1 Company)
- Oncology Pharmaceuticals (1 Company)
- Energy Recovery (1 Company)
- CleanTech (1 Company)
There are still opportunities to summarize the AI-generated list further such as very similar and synonymous descriptions but this list illustrates that the ideal descriptions for each project are more unique than high-level summaries would suggest. It also shows that the majority of companies are not part of the top-level industries and there is plenty of room for unique innovations in the EIC Accelerator program.
