EIC Accelerator EIC Fund Investment Guidelines Summary and Investment Buckets

Version: December 2023 Note: This article contains a summary of the official EIC Fund investment guidelines and contains simplifications that can change the intended meaning in some cases. We recommend to download and read the official document. Introduction The EIC Investment Guidelines provide essential information to potential beneficiaries and co-investors regarding the strategy and conditions … Read more

Industry Insights from EIC Accelerator Winners in 2021-2023

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 … Read more

Presenting ChatEIC: The AI Co-Pilot for EIC Accelerator Applications

Imagine you could simply generate an entire EIC Accelerator application based on a single company file and a few prompts. ChatEIC, a custom AI based on GPT-4, is able to do exactly just that. EIC Accelerator Modules The EIC Accelerator Training Program utilizes a Module-based approach to grant writing where specific sections are combined into … Read more

The EIC Accelerator’s Evaluation Problem in 2022

In 2021, the EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has completed its first year under the new application framework (read: Application Process). With 2 cut-offs in 2021 (June and October), it presented a steep learning curve for Small- and Medium-Sized Enterprises (SME), professional writers and the European Innovation Council … Read more

The New Technology Readiness Levels (TRL) for the 2021 EIC Accelerator

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has made significant changes in 2021 and has successfully passed its first submission- and approval-cycle for new beneficiaries (read: Re-Inventing the EIC Accelerator). Out of over 1,500 startups and Small- and Medium-Sized Enterprises (SME) that have applied since April 2021 (read: AI … Read more

On Hiring a Consultant or Grant Writer for the 2021 EIC Accelerator (SME Instrument)

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has introduced a new stage to the application process in 2021 which acts as a mini-proposal termed Step 1 (read: Re-Inventing the EIC Accelerator). It includes materials such as a written grant application, a video pitch and a pitch deck which must … Read more

Keyword and Evaluator Selection for EIC Accelerator Applications (SME Instrument)

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) allows all applying startups and Small- and Medium-Sized Enterprises (SME) to add keywords into the platform which will be used to select expert evaluators (read: AI Tool Review). In the past, this feature was a black box function since professional writers and … Read more

On the EIC Accelerator’s 2021 Success Rates (SME Instrument)

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) has reinvented itself in 2021 with a new submission process, a larger budget and new success thresholds (read: AI Tool Review). The latter is significant since they directly define how much time companies will need to spend on an application and how … Read more

A New Approach to Developing EIC Accelerator Projects under Horizon Europe (SME Instrument)

The EIC Accelerator blended financing (formerly SME Instrument Phase 2, grant and equity) can be viewed as an entirely new funding program under Horizon Europe (2021-2027). It has not only changed its grant proposal submission process but also its evaluation which will likely see significant changes in the types of companies selected as beneficiaries (read: … Read more

Looking at Innovation From a New Angle: Changing the Evaluation of EIC Accelerator Proposals (SME Instrument)

The EIC Accelerator blended financing (grant and equity) has undergone a dramatic transition from its first inception out of the now obsolete SME Instrument Phase 2 in 2019 and its following test phase as the EIC Accelerator Pilot in 2019/2020. With a new application process that includes multiple steps, an online AI platform for the … Read more

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