EIC Accelerator

Major Changes in the European Innovation Council (EIC) Work Programme 2025: EIC Accelerator, EIC STEP Scale-Up and EIC Pre-Accelerator

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Introduction to the European Innovation Council (EIC) Work Programme 2025 The European Innovation Council (EIC) Work Programme 2025, established under the Horizon Europe framework (2021-2027), outlines the EU’s strategic plan for promoting breakthrough technologies and game-changing innovations across Europe. With a funding budget exceeding €1.4 billion for 2025, this programme targets researchers, startups, SMEs, scale-ups, and investors to foster high-impact innovations that align with the EU’s objectives in green transition, digital transformation, and strategic autonomy. Through a combination of grants, investments, and specialized services, the EIC aims to support pioneering technological advancements and scale up promising companies across the EU. The document provides comprehensive guidance on the EIC’s available funding schemes, application processes, and selection criteria, aiming to streamline access to resources for high-risk, high-reward initiatives. It also covers additional support mechanisms such as the EIC’s Business Acceleration Services, which include access to coaching, mentoring, expertise, and partnerships within the innovation ecosystem. Index of Content Introduction Strategic Goals and Key Performance Indicators Overview of the 2025 Work Programme Key Features of EIC Support Outlook for 2026 and Future Years EIC Pathfinder EIC Pathfinder Open EIC Pathfinder Challenges Biotech for Climate Resilient Crops and Plant-Based Biomanufacturing Generative-AI Agents for Medical Diagnosis and Cancer Treatment Autonomous Robot Collectives for Construction Environments Waste-to-Value Devices for Circular Production EIC Transition Support for Technology Validation and Business Plan Development EIC Accelerator EIC Accelerator Open EIC Accelerator Challenges Advanced Materials Development and Upscaling Biotechnology for Low-Emission Food Production GenAI4EU: European Generative AI Champions In-Space Servicing and Resilient EU Space Infrastructure Innovations in Future Mobility EIC Strategic Technologies for Europe Platform (STEP) Scale Up Call Investment Opportunities for Strategic Technologies Business Acceleration Services EIC Business Coaches EIC Community and Women Leadership Programme Investors’ Outreach Activities Ecosystem Partnership Programme & ESG Promotion Participation in Trade Fairs Global Soft-Landing Programme EIC Prizes European Prize for Women Innovators European Capital of Innovation Awards (iCapital) Other Actions Honoraria and Expenses for the EIC Board External Expertise for Monitoring and Ethics Communication, Outreach, and IT Systems Danish and Polish Presidency Conferences Women TechEU Initiative Expert Group on EIC Plug-In Scheme Annexes Estimated Indicative Budget General Conditions Fast Track Scheme for EIC Accelerator Pilot Plug-In Scheme for EIC Accelerator Booster Grants for Pathfinder and Transition Awardees Intellectual Property Provisions for Pathfinder and Transition This structured roadmap provides guidance for potential applicants on funding avenues, eligibility criteria, and support services available through the EIC Work Programme, designed to foster cutting-edge technology and business growth within the EU. 1. Introduction The Introduction section of the European Innovation Council (EIC) Work Programme 2025 outlines the EIC’s strategic approach and core objectives for the year 2025, including its goals, key performance indicators, and an overview of the available funding schemes and support mechanisms. This section serves as a guide for prospective applicants to understand the scope, priorities, and operational framework of the EIC, helping them align their projects with the EIC’s mission of fostering breakthrough innovations and scaling up impactful technologies across Europe. Strategic Goals and Key Performance Indicators The EIC’s strategy for 2025 revolves around six core goals designed to track and measure the programme’s success, with specific key performance indicators (KPIs) aligned to each goal. These goals are intended to guide the EIC’s investments and operations towards: Becoming the Investor of Choice – Attracting visionary entrepreneurs and researchers, including underrepresented groups such as women innovators and those from less-developed ecosystems. Crowding in Investment – Bridging a critical funding gap to stimulate between EUR 30-50 billion in European deep-tech investment. Supporting High-Risk Technologies – Targeting strategic areas crucial to societal needs and the EU’s autonomy in critical technologies. Increasing European Scale-Ups and Unicorns – Aiming to grow European startups and SMEs to a level that competes globally, particularly with the USA and Asia. Catalyzing Innovation from Public Research – Building partnerships to harness research and commercialize innovations across the EU. Achieving Operational Excellence – Improving EIC processes to meet the expectations of applicants, investors, and stakeholders. The EIC Board reviews and reports on progress against these KPIs in annual impact reports, ensuring transparency and accountability in how funds are allocated and innovations are supported. Overview of the 2025 Work Programme The EIC’s 2025 Work Programme includes four primary funding schemes, each targeting a different stage in the innovation cycle: EIC Pathfinder – Focused on funding early-stage, high-risk research to develop the scientific basis for transformative technologies. EIC Transition – Supporting projects in validating technologies and preparing business plans for market readiness. EIC Accelerator – Aiding startups, SMEs, and small mid-caps in bringing innovations to market, particularly those requiring scale-up support. EIC Strategic Technologies for Europe Platform (STEP) Scale Up – Prioritizing scale-up funding for digital, clean, resource-efficient, and biotechnology innovations critical to European strategic goals. Each scheme provides financial support paired with non-financial services such as coaching, mentoring, and networking, helping awardees to scale up and navigate the innovation landscape successfully. Key Features of EIC Support The EIC offers a combination of direct financial support and supplementary Business Acceleration Services, extending beyond just funding. This approach is designed to help beneficiaries: Access Coaching and Mentorship – Beneficiaries receive bespoke guidance from industry experts to refine business strategies, accelerate development, and prepare for market entry. Engage in Proactive Project Management – EIC Programme Managers are actively involved in overseeing funded projects, setting milestones, and providing resources to ensure the progression of high-potential innovations. Foster Collaborative Portfolios – Beneficiaries are grouped into thematic or challenge-based portfolios, facilitating knowledge sharing, regulatory guidance, and further development across similar innovation areas. Outlook for 2026 and Future Years Looking forward, the EIC anticipates continuity in its main funding calls while exploring improvements based on the 2025 programme’s outcomes. Insights gained through EIC Programme Managers, policy shifts, and the mid-term Horizon Europe review will inform adjustments, with a particular focus on refining the STEP Scale-Up pilot and aligning challenges with evolving EU policy priorities. The Introduction section thus establishes the EIC’s overarching goals and sets a foundation for understanding how the Work … Read more

The New EIC Accelerator Challenges 2025

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EIC Accelerator Challenges for 2025: Driving Strategic Innovation in Europe The European Innovation Council (EIC) Accelerator Challenges for 2025 focus on empowering startups, small and medium-sized enterprises (SMEs), and small mid-cap companies with breakthrough solutions in critical areas. These challenges align with the European Union’s priorities in digital transformation, green transition, sustainable food systems, space resilience, and next-generation mobility. By providing targeted funding and support, the EIC Accelerator Challenges aim to foster high-impact innovations that contribute to Europe’s competitiveness, autonomy, and sustainability goals. 1. Advanced Materials Development and Upscaling This challenge focuses on innovative materials that offer significant improvements in performance, sustainability, and cost-effectiveness. Advanced materials are key enablers in fields such as energy, electronics, healthcare, and transportation, and this challenge targets projects that can drive breakthroughs in these areas. Objective: To support the development and upscaling of advanced materials with strong market potential and sustainability benefits. Focus Areas: Durable, lightweight, sustainable materials that reduce environmental impact and improve energy efficiency. 2. Biotechnology for Low-Emission Food and Feed Production This challenge supports biotechnological innovations that reduce the carbon footprint of food and feed production. Biotechnology plays a critical role in creating more sustainable agricultural practices and developing alternatives to traditional animal-based foods. Objective: To promote biotechnological solutions that contribute to low-emission production processes in the food and feed sectors. Focus Areas: Plant-based or microbial alternatives to animal-based food, improved crop varieties, and environmentally friendly feed production. 3. GenAI4EU: European Generative AI Champions Generative AI is transforming sectors from healthcare to creative industries. The GenAI4EU challenge aims to establish European leadership in generative AI by supporting innovative AI solutions that align with EU standards on data privacy and ethics. Objective: To foster the development of advanced generative AI technologies that are innovative, ethical, and aligned with European values. Focus Areas: Generative AI applications in healthcare, content creation, manufacturing, and other high-impact areas. 4. In-Space Servicing and Resilient EU Space Infrastructure As space-based infrastructure becomes increasingly essential, this challenge addresses the need for innovative solutions to support the maintenance, servicing, and resilience of satellites and other space assets. The goal is to secure Europe’s presence and autonomy in space. Objective: To develop technologies that enhance the sustainability, resilience, and autonomy of Europe’s space infrastructure. Focus Areas: In-space servicing, satellite resilience, orbital debris management, and secure communications. 5. Innovations in Future Mobility The future of mobility lies in sustainable, autonomous, and connected transportation solutions. This challenge seeks innovations that address the technical, regulatory, and social aspects of next-generation mobility, such as autonomous vehicles and sustainable transport systems. Objective: To support transformative mobility solutions that align with Europe’s green and digital transitions. Focus Areas: Electric vehicles, autonomous driving technologies, multimodal transport solutions, and smart urban mobility systems. Conclusion The EIC Accelerator Challenges for 2025 represent Europe’s commitment to investing in strategic, high-impact innovations that support technological sovereignty and sustainable growth. By focusing on key sectors such as advanced materials, biotechnology, AI, space, and mobility, the EIC aims to enable European companies to lead on a global scale, drive societal benefits, and align with the EU’s long-term goals for innovation and resilience. Advanced Materials Development and Upscaling: EIC Accelerator Challenge 2025 The Advanced Materials Development and Upscaling challenge under the EIC Accelerator aims to drive breakthroughs in material science, targeting innovative materials with high potential to impact sectors like energy, healthcare, transportation, electronics, and construction. With sustainability at its core, this challenge seeks to fund projects that deliver substantial improvements in performance, cost-effectiveness, and environmental impact, supporting Europe’s goals for green transition and industrial competitiveness. Objective of the Challenge The core objective of the Advanced Materials challenge is to support the development and scaling of new materials that are not only high-performing but also align with Europe’s commitment to sustainability. The challenge is structured to foster materials innovation that can meet the needs of high-tech applications while addressing issues like recyclability, resource efficiency, and lower environmental footprints. Focus Areas and Eligible Technologies The EIC has identified several focus areas within the advanced materials domain where innovation is crucial: Sustainable and Resource-Efficient Materials: Materials that reduce dependency on scarce resources and enable circular economy models. Includes materials that are designed for recycling or reuse, biodegradable materials, and those that minimize energy consumption during production. Lightweight and Durable Materials for Transportation: Lightweight materials are essential for the transport sector, particularly in aviation and automotive, where they can improve fuel efficiency and reduce emissions. Focus is on high-strength, lightweight composites and alloys that enhance durability without adding unnecessary weight. High-Performance Materials for Energy Applications: New materials that contribute to renewable energy solutions, such as advanced solar cells, energy storage materials, and thermoelectric materials. Materials that improve energy conversion efficiency, longevity, and energy density are highly sought after in this category. Advanced Materials for Electronics and Digital Technologies: Materials that enable faster, smaller, and more energy-efficient electronic components. Includes innovations like flexible electronics, conductive polymers, and materials for quantum computing applications. Biomedical and Healthcare Applications: Biocompatible materials for medical devices, implants, and drug delivery systems. This area seeks materials that can improve patient outcomes by enhancing durability, reducing allergic reactions, or enabling minimally invasive procedures. Funding Scope and Eligibility Projects under the Advanced Materials challenge can receive both grant funding and equity investments to support various stages of development and scaling: Grant Component: Provides up to €2.5 million to cover costs associated with research, development, and initial prototyping. Funding is intended to advance materials from Technology Readiness Level (TRL) 6-8, focusing on validating the material’s functionality in relevant application settings. Investment Component: Offers equity investments up to €10 million to support upscaling, market entry, and industrial production. This component is especially valuable for companies looking to scale their production capabilities and reach commercial markets. Eligibility Requirements: Projects must be led by startups, SMEs, or small mid-caps based in an EU Member State or a country associated with Horizon Europe. Proposals should demonstrate a strong commercial potential for the material, including clear pathways to market entry and scalability. Sustainability … Read more

EIC Accelerator March 2024 Results: A Detailed Analysis of Funding Distribution and Success Rates

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FIND THE NEWEST RESULTS HERE The EIC Accelerator has recently released its latest cut-off results (europa.eu). The dataset reveals insightful details about the funding distribution, success rates, and geographical spread of the companies that received financial backing. This article delves into the key aspects of the EIC Accelerator, examining the distribution of funding types, the total budget, success rates at different stages of the selection process, and the geographical diversity of the funded companies. Funding Distribution Types of Funding The EIC Accelerator primarily supported companies through a mix of equity and grants: Blended Finance: 65 companies (95.6%) Equity Only: 1 company (1.5%) Grant Only: 2 companies (2.9%) Total: 68 Companies The predominant mode of support was through blended finance, which combines both equity and grant funding. This approach enables companies to benefit from the immediate financial relief of grants while also leveraging equity investment for long-term growth. Budget Allocation The total budget allocated for the EIC Accelerator was €411 million, distributed as follows: Grant Budget: €165 million Equity Budget: €245 million This budget allocation reflects a balanced approach to funding, ensuring that companies receive substantial support through both grants and equity investments. Average Funding Amounts The EIC Accelerator provided varying ticket sizes for grants and equity: Average Ticket Size: €6.04 million Average Grant: €2.46 million Average Equity: €3.71 million These average amounts indicate a strategic allocation of funds designed to provide sufficient capital for companies to scale their operations effectively. Application and Selection Process Key Dates The timeline for the application and selection process was as follows: Grant Application Cutoff Date: March 13th, 2024 Published Results Date: July 15th, 2024 Success Rates The selection process was highly competitive, with a multi-stage evaluation: Step 2: 969 submissions, 347 (35.6%) passed Step 3: 347 interviews, 68 (19.6%) were funded Combined Success Rate for Step 2 & 3: 7% These statistics highlight the rigorous selection process, ensuring that only the most promising and innovative companies received funding. Geographical Distribution The EIC Accelerator funded companies from 17 different countries, showcasing a diverse geographical spread: Germany: 13 companies (19.1%) France: 13 companies (19.1%) Israel: 9 companies (13.2%) Netherlands: 6 companies (8.8%) Spain: 6 companies (8.8%) Finland: 4 companies (5.9%) Sweden: 4 companies (5.9%) Greece: 2 companies (2.9%) Italy: 2 companies (2.9%) Belgium: 2 companies (2.9%) Norway: 1 company (1.5%) Ireland: 1 company (1.5%) Estonia: 1 company (1.5%) Austria: 1 company (1.5%) Denmark: 1 company (1.5%) Croatia: 1 company (1.5%) Portugal: 1 company (1.5%) Germany and France led the list with the highest number of funded companies, each hosting 19.1% of the total funded projects. This was followed by Israel with 13.2%, and the Netherlands and Spain each contributing 8.8%. Conclusion The EIC Accelerator represents a substantial investment in innovation across Europe and Israel, with a total budget of €411 million. The majority of the funding was allocated through blended finance, supporting a diverse range of companies from 17 countries. The competitive selection process underscores the high standards applied to choose the most promising ventures. As the funded companies progress, this initiative is poised to drive significant advancements in their respective fields, fostering growth and development within the European and Israeli innovation ecosystems. The published results, made available on July 15th, 2024, mark the beginning of a new chapter for these 68 companies, supported by a strategic blend of grants and equity investments. All Funded Companies

The Distinction Between Marketing and Commercial Strategy for the EIC Accelerator

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In the realm of business, there is often confusion between marketing and commercial strategy. This mix-up can lead to ineffective business plans and missed opportunities. Understanding the difference and the importance of each can significantly enhance a company’s success. Marketing vs. Commercial Strategy Marketing is primarily focused on how a company communicates with its audience to create interest in its products or services. This includes understanding customer needs, creating compelling messages, and delivering these messages through various channels. Marketing aims to attract, engage, and retain customers. Commercial strategy, on the other hand, encompasses the broader plan to generate revenue and ensure the company’s profitability. This strategy includes aspects like market entry plans, sales strategies, distribution channels, pricing models, and partnerships. It is a comprehensive approach that aligns all business activities with the ultimate goal of financial growth and sustainability. Common Misconceptions Many businesses fall into the trap of conflating marketing with their entire commercial strategy. They often focus solely on creating awareness and generating leads without considering the broader aspects of how to convert these leads into sales, distribute their products, and sustain long-term growth. For instance, a startup may develop an excellent social media campaign that gains a lot of attention but fails to think about how to reach and onboard distributors, how to manage logistics, or how to support their product in different regions. Without a well-rounded commercial strategy, the initial marketing efforts may not translate into sustained business success. Key Elements of a Commercial Strategy Market Entry: Understanding how to enter new markets is crucial. This involves market research to identify potential regions, analyzing competitors, and understanding local regulations and customer behaviors. A solid market entry plan ensures that the company can establish a foothold and grow sustainably in new territories. Distribution Channels: Identifying and managing distribution channels is essential. This includes selecting the right partners, negotiating terms, and ensuring that products can be delivered efficiently and effectively to the end customer. Distribution channels can range from direct sales to online platforms to third-party distributors. Customer Reach and Acquisition: Beyond marketing, a commercial strategy must detail how many customers the business aims to reach and the methods for acquiring them. This involves sales strategies, customer service plans, and after-sales support to ensure customer satisfaction and loyalty. Onboarding and Retention: Once customers are acquired, a plan for onboarding and retention is necessary. This includes training programs for distributors, customer education, and continuous engagement strategies. Retention efforts might involve loyalty programs, regular updates, and superior customer service. Practical Steps to Develop a Robust Commercial Strategy Comprehensive Market Research: Conduct detailed research to understand your target markets, including demographics, purchasing behaviors, and cultural nuances. This information is vital for tailoring your strategy to fit local needs and preferences. Clear Value Proposition: Define what makes your product or service unique and why customers should choose it over competitors. This value proposition should be clear and compelling to all stakeholders, including customers, partners, and distributors. Strategic Partnerships: Establish partnerships with key players in your industry. These can include suppliers, distributors, and even complementary businesses. Strategic alliances can help you reach new markets, improve your product offerings, and increase your competitive edge. Scalable Sales Model: Develop a sales model that is scalable and adaptable to different markets. This includes training for sales teams, setting sales targets, and using customer relationship management (CRM) tools to track and manage leads and sales. Distribution Network: Build a reliable distribution network that can efficiently deliver your products to various markets. This might involve logistics planning, warehousing, and partnerships with shipping companies. Ensuring that your product is available when and where customers need it is crucial for success. Financial Planning: Create a detailed financial plan that includes projected revenues, costs, and profitability for each market you enter. This plan should also account for potential risks and have contingency plans in place to address unforeseen challenges. Conclusion Confusing marketing with commercial strategy can be detrimental to a business’s long-term success. While marketing is crucial for attracting customers and generating interest, it is just one piece of the puzzle. A robust commercial strategy ensures that the entire business model supports sustainable growth, from market entry to customer retention. By focusing on comprehensive market research, clear value propositions, strategic partnerships, scalable sales models, and reliable distribution networks, businesses can develop a commercial strategy that not only attracts customers but also ensures they remain engaged and satisfied. In summary, while marketing gets the conversation started, a well-crafted commercial strategy ensures that the business continues to thrive and grow in the long term.

Overview of EIC Pathfinder, EIC Transition, and EIC Accelerator: Differences and TRL Expectations

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The European Innovation Council (EIC) under the Horizon Europe framework offers three distinct programmes to support the entire innovation lifecycle: EIC Pathfinder, EIC Transition, and EIC Accelerator. Each programme targets different stages of technology development, providing tailored funding and support to help breakthrough innovations reach the market. This overview explains the differences between these programmes, their specific requirements, and how they are connected through their Technology Readiness Level (TRL) expectations. The EIC Pathfinder, EIC Transition, and EIC Accelerator programmes are intricately designed to provide comprehensive support across the entire innovation lifecycle, enabling companies to benefit from continuous grant nurturing from TRL 1 to TRL 9. EIC Pathfinder supports early-stage, high-risk research to explore novel ideas and achieve proof of concept (TRL 1-4). Successful Pathfinder projects can then progress to EIC Transition, which helps validate and demonstrate the feasibility of these technologies in relevant environments (TRL 3-6), bridging the gap between research and market readiness. Finally, the EIC Accelerator offers targeted support for market-ready innovations (TRL 5-9), providing both grants and equity investment to help companies commercialize their products, scale their operations, and disrupt existing markets. This seamless progression ensures that innovative companies can continuously develop their technologies from initial concept to full market deployment, leveraging the EIC’s comprehensive funding and support mechanisms at each critical stage. EIC Pathfinder Purpose EIC Pathfinder supports visionary research and the exploration of bold ideas to create breakthrough technologies. It focuses on early-stage research to lay the groundwork for transformative innovations. Key Features Funding Scope: Supports high-risk, high-gain research projects that explore new technological possibilities. TRL Focus: Primarily targets TRL 1 to TRL 4. TRL 1: Basic principles observed. TRL 2: Technology concept formulated. TRL 3: Experimental proof of concept. TRL 4: Technology validated in lab. Requirements Eligibility: Open to consortia of at least three independent legal entities from different Member States or Associated Countries. Single entities like high-tech SMEs and research organizations can also apply. Proposal: Must outline a visionary, high-risk research project with a strong potential for scientific and technological breakthrough. Funding Grant Amount: Up to EUR 3 million for Pathfinder Open, up to EUR 4 million for Pathfinder Challenges. Funding Rate: 100% of eligible costs. EIC Transition Purpose EIC Transition aims to bridge the gap between early-stage research and market readiness. It focuses on maturing and validating technologies developed under EIC Pathfinder and other EU-funded projects. Key Features Funding Scope: Supports activities to validate and demonstrate the feasibility of new technologies in application-relevant environments. TRL Focus: Targets TRL 3 to TRL 6. Starting TRL: TRL 3 (Experimental proof of concept) or TRL 4 (Technology validated in lab). Ending TRL: TRL 5 (Technology validated in relevant environment) to TRL 6 (Technology demonstrated in relevant environment). Requirements Eligibility: Open to single entities (SMEs, spin-offs, startups, research organizations, universities) or consortia (2-5 entities) from Member States or Associated Countries. Proposal: Must build on results from previous EIC Pathfinder, FET (Future and Emerging Technologies), or other EU-funded projects. Proposals should include a detailed work plan for technology validation and business development. Funding Grant Amount: Up to EUR 2.5 million, with higher amounts possible if justified. Funding Rate: 100% of eligible costs. EIC Accelerator Purpose EIC Accelerator supports individual SMEs, including startups and spin-offs, to develop and scale up high-impact innovations with the potential to create new markets or disrupt existing ones. Key Features Funding Scope: Provides both grant funding and equity investment to help SMEs bring their innovations to market. TRL Focus: Targets TRL 5 to TRL 9. Starting TRL: TRL 5 (Technology validated in relevant environment) or TRL 6 (Technology demonstrated in relevant environment). Ending TRL: TRL 8 (System complete and qualified) to TRL 9 (Actual system proven in operational environment). Requirements Eligibility: Open to individual SMEs from Member States or Associated Countries. Mid-caps (companies with up to 500 employees) can also apply for blended finance (grant + equity). Proposal: Must present a high-potential innovation with a strong business case and clear market potential. Proposals should include a plan for commercialization and scaling. Funding Grant Amount: Up to EUR 2.5 million for grant-only support, with additional equity investment available up to EUR 15 million. Funding Rate: 70% of eligible costs for grant component, equity component determined based on investment needs. Connecting the Programmes through TRL Expectations From Early Research to Market Readiness The three EIC programmes are designed to support the full innovation lifecycle, from early-stage research to market entry: EIC Pathfinder (TRL 1-4): Focuses on basic research and experimental proof of concept, laying the scientific and technological foundation for future innovations. EIC Transition (TRL 3-6): Bridges the gap between exploratory research and market readiness by validating and demonstrating technologies in relevant environments. EIC Accelerator (TRL 5-9): Supports the development, commercialization, and scaling of market-ready innovations, helping SMEs bring their products to market. Seamless Progression EIC Pathfinder to EIC Transition: Projects that achieve successful proof of concept and lab validation under EIC Pathfinder can progress to EIC Transition for further validation and demonstration in relevant environments. EIC Transition to EIC Accelerator: Once technologies are validated and demonstrated in relevant environments, they can advance to EIC Accelerator for final development, market entry, and scaling. Summary EIC Pathfinder: Early-stage research (TRL 1-4), visionary and high-risk projects. EIC Transition: Bridging research and market (TRL 3-6), technology validation, and demonstration. EIC Accelerator: Market readiness and scaling (TRL 5-9), commercialization support for SMEs. By understanding the distinct roles and TRL expectations of each EIC programme, innovators can strategically plan their project development pathway, ensuring seamless progression from groundbreaking research to successful market introduction.

EIC Accelerator EIC Fund Investment Guidelines Summary and Investment Buckets

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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 for EIC Fund investment and divestment decisions. This updated version includes definitions of qualified investors, descriptions of investment scenarios, and new clauses on follow-on investments and exits, ensuring support for high-potential startups and SMEs to accelerate growth and attract additional investors. This document applies specifically to the EIC Fund Horizon Europe compartment. Table of Contents Investment Rules 1.1 Investment Restrictions 1.2 Investment Objective 1.3 Investment Strategy 1.4 Compartment Investment Process Investment Guidelines 2.1 Target Company Development Stage 2.2 Type of Innovations 2.3 Protection of European Interests 2.4 Geographical Scope 2.5 Exclusions 2.6 Investment Size and Equity Stake Targets 2.7 Investment/Co-Investment Scenarios 2.8 Due Diligence Process 2.9 Possible Financial Instruments 2.10 Investment Implementation 2.11 Publication of Information 2.12 Monitoring and Follow-Up Investments 2.13 Follow-On Investments 2.14 Mentors 2.15 Intellectual Property Management Investment Buckets Annex 1. Definitions Annex 2. Exclusions 1. Investment Rules 1.1 Investment Restrictions The Compartment is subject to the Investment Restrictions set out in the General Section of the EIC Fund Memorandum. These restrictions ensure that the Compartment operates within the boundaries established by the EIC Fund, maintaining consistency and alignment with the overall objectives. 1.2 Investment Objective The objective of the Compartment is to invest in EIC Fund Final Recipients developing or deploying breakthrough technologies and disruptive, market-creating innovations. The Compartment aims to address a critical financing gap in the European technology transfer market. Despite significant grant funding for research and innovation projects in Europe, very few manage to attract further investment and reach commercialisation and scale-up stages. 1.3 Investment Strategy To achieve its Investment Objective, the Compartment may invest directly in equity securities or equity-related securities, including preferred equity, convertible debt, options, warrants, or similar securities. The Compartment provides the investment component of the EIC blended finance, subject to the maximum investment amount set by the EU Commission. Candidate companies apply to the EIC Accelerator through public calls for proposals published by the EU Commission. The EISMEA evaluates these proposals, and the EU Commission selects those to be supported with an indicative EIC blended finance amount. This support may consist of a combination of a grant and investment, grant-only, or investment-only support. In cases where European interests in strategic areas need protection, the EIC Fund will take measures such as acquiring a blocking minority to prevent the entry of new investors from non-eligible countries. This approach ensures that investments align with strategic priorities and protect European interests. 1.4 Compartment Investment Process The investment process involves several steps: Initial Assessment: Proposals selected by the EU Commission are channeled to the External AIFM for initial assessment. Categorization: Cases are categorized into various investment scenarios (Buckets) based on the assessment. Due Diligence: Financial due diligence and KYC compliance checks are performed on target companies. Financing Terms Discussion: Potential draft financing terms are discussed with the beneficiary and co-investors. Decision Making: The External AIFM decides on financing operations, approving or rejecting the operation. Legal Documentation: Upon approval, legal documents are prepared and signed. Monitoring: The External AIFM monitors the investments, including milestone disbursements, reporting, and exit strategies. 2. Investment Guidelines 2.1 Target Company Development Stage Eligible applicants under the EIC Accelerator include for-profit, highly innovative SMEs, start-ups, early-stage companies, and small mid-caps from any sector, typically with a strong intellectual property component. The EIC Accelerator aims to support high-risk projects that are not yet attractive to investors, de-risking these projects to catalyse private investment. 2.2 Type of Innovations The Compartment supports various types of innovation, particularly those based on deep-tech or radical thinking, and social innovation. Deep-tech refers to technology based on cutting-edge scientific advances and discoveries, requiring constant interaction with new ideas and lab results. 2.3 Protection of European Interests In strategic areas identified by the EU Commission, the Compartment will take investment-related measures to protect European interests. This may include acquiring a blocking minority, investing despite potential investor interest, or securing European ownership of intellectual property and the company. 2.4 Geographical Scope Eligible companies must be established and operating in EU Member States or Associated Countries to Horizon Europe Pillar III Equity component. The External AIFM may invest in the holding or parent company established in these territories, provided it meets all eligibility criteria. 2.5 Exclusions Investments exclude sectors incompatible with the ethical and social basis of Horizon Europe. These include activities related to harmful labor practices, illegal products, pornography, wildlife trade, hazardous materials, unsustainable fishing methods, and others as detailed in Annex 2. 2.6 Investment Size and Equity Stake Targets The Compartment’s investment ranges between EUR 500,000 and EUR 15,000,000 per company, targeting minority ownership stakes typically between 10% and 20%. However, it may acquire a blocking stake to protect European interests. Investments may be lower or higher than initially proposed based on due diligence findings and the EU Commission’s award decision. 2.7 Investment/Co-Investment Scenarios From the onset, the External AIFM will connect potential investee companies to the EIC Accelerator investor community to leverage co-investment opportunities. EIC Selected Beneficiaries are encouraged to seek co-investors, with financial and commercial due diligence potentially performed jointly with these investors. The EIC Accelerator aims to de-risk selected operations, attracting significant additional funding to support innovation deployment and scale-up. 2.8 Due Diligence Process The due diligence process focuses on governance, capital structure, business strategy, competition, market assessment, value creation, legal form, and jurisdictions. Compliance checks include anti-money laundering, anti-terrorism financing, tax-avoidance, and KYC compliance. Non-compliance issues may lead to the interruption or cessation of EIC support. 2.9 Possible Financial Instruments The Compartment primarily uses equity or quasi-equity investments, including: Common Shares: Ownership interest in a corporation, may be voting or non-voting. Preferred Shares: Hybrid equity with debt-like features, usually held by VC funds. Convertible Instruments: Debt instruments … Read more

The Ultimate EIC Accelerator Short Proposal Guide (EIC Accelerator Step 1 Proposal Template)

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Unlocking Innovation: The EIC Accelerator Step 1 Proposal Template – A Guide for Startups and SMEs In the dynamic world of startup financing, the European Innovation Council (EIC) Accelerator presents a compelling pathway for startups and small and medium-sized enterprises (SMEs) to secure substantial funding. The Step 1 proposal template is a critical tool designed to facilitate access to up to €17.5 million in blended financing, which includes both grant and equity components. This article provides a detailed overview of the contents and usefulness of the EIC Accelerator Step 1 proposal template, which is tailored to empower startups and SMEs across the European Union (EU). The Essence of the EIC Accelerator Step 1 Proposal Template Official Proposal Template: The Step 1 proposal template serves as the official blueprint for applicants, meticulously designed to streamline the application process for EIC funding. It encompasses essential sections that require applicants to succinctly articulate their innovation, business model, and the potential impact of their technology. This structured approach ensures that all critical aspects of the proposal are covered systematically. Technology Readiness Level (TRL) Focus: A pivotal part of the template is the emphasis on Technology Readiness Levels. Applicants must demonstrate their innovation’s maturity, which is crucial for aligning with the EIC’s expectations of market readiness and potential for deployment. Pitch Deck and Interview Preparation: The proposal template is strategically designed to help applicants prepare for subsequent stages of the funding process. It encourages a concise yet comprehensive presentation of ideas, which forms the backbone of the pitch deck and sets the stage for the interview process. How the Template Empowers Applicants Streamlined Process for Applicants: By providing a clear structure, the template demystifies the application process, making it accessible even to newcomers in the EU funding landscape. It guides applicants through a series of well-defined steps, helping them present their innovation narrative effectively. Designed for High Impact: The template focuses on high-impact innovations, prompting applicants to think critically about the market needs and the unique value proposition of their technology. This focus is aligned with the EIC’s goal to support projects that have the potential to scale up and achieve significant market penetration. Support for a Broad Range of Innovators: From professional writers and freelancers to consultants, the template serves as a resource that can be utilized by various stakeholders involved in the grant writing process. It provides a standardized framework that ensures consistency and quality across applications. The Financial and Strategic Impact Blended Financing Opportunities: The template effectively opens the door to blended financing opportunities, comprising a €2.5 million grant and up to €15 million in equity financing. This substantial financial backing is designed to accelerate the development and scaling of groundbreaking innovations. Equity Financing Insights: For ventures that are potentially non-bankable and where traditional funding mechanisms fall short, the equity option presented in the template is a game-changer. It offers a direct pathway to significant funding, crucial for aggressive growth and expansion strategies. European Commission and EIC Endorsement: Using the official template aligns projects with the strategic priorities of the European Commission and the EIC. It ensures that proposals are evaluated on criteria that reflect the broader objectives of EU innovation funding, enhancing the credibility and appeal of the projects. Conclusion The EIC Accelerator Step 1 proposal template is not just a document; it’s a strategic tool that can significantly enhance the chances of securing funding by aligning startups and SMEs with the critical elements sought by the EIC. It encourages clarity, conciseness, and focus, which are essential for passing the rigorous evaluation process. By leveraging this template, startups and SMEs can effectively articulate their innovation stories, demonstrating their potential to transform industries and scale new heights in the European market. EIC Accelerator Step 1 Short Proposal Proposal Template 1. Company Description Founding Story The inception of the company is traced back to its founding date, highlighting its origins as a spin-off from a notable research institute. This narrative details the collaboration between co-founders and the initial investments secured, illustrating a trajectory from a promising idea to an established entity. Such a foundation story not only enhances the company’s profile but also solidifies its position as a credible and innovative player in the tech industry, aiming to attract attention from stakeholders including the European Innovation Council (EIC). Mission and Vision The mission and vision of the company encapsulate its core objectives and the aspirational impact it aims to achieve on a global scale. The mission is crafted around solving critical industry challenges, leveraging innovation to improve efficiencies or address significant market gaps. This visionary approach positions the company as a forward-thinking leader committed to making substantial advancements in its field. The emphasis on transforming theoretical ideas into practical, market-ready solutions aligns well with the goals of the European Innovation Council, illustrating a commitment to not only lead in innovation but also to contribute positively to societal and economic growth. Company Achievements The company’s achievements are a testament to its growth and innovation, marked by significant milestones such as awards, financial successes, and technological advancements. These accomplishments are crucial in establishing the company’s credibility and highlighting its capacity to meet and exceed industry standards. Recognition from reputable bodies through awards and the successful achievement of critical technology readiness levels underscore the company’s potential and readiness for further growth. Such a track record is essential in building trust with the European Innovation Council and potential investors, positioning the company as a robust candidate for future opportunities in the European Union’s competitive tech landscape. Customer Relationships The company has nurtured robust relationships with a diverse range of customers, enhancing its market position and solidifying its reputation in the industry. These relationships are not just transactional but are enriched through collaborations, providing mutual benefits and strengthening the company’s foothold in the market. Highlighting the top customers and detailing the nature of these interactions showcases the company’s ability to maintain valuable partnerships. Furthermore, securing Letters of Intent (LOI) from these key stakeholders not only demonstrates their … Read more

The Crucible of EIC Accelerator Innovation: Universities and the Birth of DeepTech Entrepreneurs

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Universities have long been the birthplace of some of the most groundbreaking and transformative technologies our world has seen. Rooted in rigorous academic research and fostered by an environment of intellectual curiosity, these institutions are not just centers of learning but pivotal incubators for innovative entrepreneurs. Especially within the realm of scientific technologies, universities and research institutes stand at the forefront of what we now commonly refer to as DeepTech – technologies that offer profound advancements across various sectors including healthcare, energy, and computing, to name a few. The University-Entrepreneurship Nexus The journey from academic research to entrepreneurial venture is a path tread by many innovators. Universities, with their wealth of resources, including state-of-the-art labs, access to funding, and a network of like-minded thinkers, offer an unparalleled ecosystem for nurturing early-stage DeepTech projects. It’s within these academic halls that the foundational research takes place – often long before a market application is even considered. One of the key elements of this environment is the encouragement of cross-disciplinary collaboration. It’s not uncommon for a breakthrough in material science at a university to pave the way for revolutionary new products in the consumer electronics space or for biomedical research to lead to the development of groundbreaking medical devices. These technologies, born from academic projects, have the potential to address critical global challenges and pave the way for new industries. Bridging the Gap: From Academia to Industry However, the path from a university project to a successful DeepTech company is fraught with challenges. The process of commercializing scientific research requires more than just technical expertise; it demands a keen understanding of the market, strategic business planning, and the ability to secure investment. Herein lies the role of entrepreneurship programs and technology transfer offices within universities, which aim to bridge this gap. They provide budding entrepreneurs with the mentorship, funding, and business acumen needed to bring their innovations to market. Additionally, the role of public and private funding cannot be overstated. Initiatives like the European Innovation Council (EIC) Accelerator program offer critical support through grants and equity financing for startups that are navigating the treacherous waters of commercializing DeepTech. These programs not only provide financial backing but also lend credibility to the startups, attracting further investment and partnerships. Real-World Impact and the Future The impact of university-produced DeepTech innovations on the global stage is undeniable. From the creation of life-saving medical technologies to the development of sustainable energy solutions, these advancements are shaping the future. As we look ahead, the role of universities as incubators of innovation will only grow in importance. With the right support structures in place, the potential for these academic endeavors to transform into successful, world-changing enterprises is boundless. In conclusion, universities are not just centers of learning but pivotal cradles of innovation, nurturing the entrepreneurs who are set to redefine our world with DeepTech innovations. As these academic institutions continue to evolve, their potential to contribute to global economic and societal advancements is unlimited. With continued support and investment, the bridge from academia to industry will strengthen, ushering in a new era of transformative technologies. From Lab Bench to Market: The Funding Odyssey of University-Based Startups The transition from academic research to a successful startup is a daunting journey, especially for founders originating from fields such as chemistry, pharma, biology, and physics. These scientific entrepreneurs face a unique set of challenges, chief among them being the arduous task of securing funding. Unlike their counterparts in more commercial sectors, scientists turned startup founders often find themselves in unfamiliar territory when it comes to fundraising. The Fundraising Challenge for Scientific Entrepreneurs The core of the problem lies in the expertise gap. Scientists are trained to explore, discover, and innovate, focusing on the advancement of knowledge rather than the intricacies of business models, market fit, or investor pitching. This gap often leaves them at a disadvantage in a competitive funding landscape dominated by investors looking for quick returns and businesses with clear market applications. Moreover, the nature of DeepTech and scientific startups means they typically require significant upfront investment for research and development, with longer paths to market and profitability. This further complicates their appeal to traditional venture capitalists, who may shy away from the inherent risks and extended timelines. Grants: A Lifeline for Getting Started In light of these challenges, grants play a crucial role in the early stages of a scientific startup’s lifecycle. Funding mechanisms such as the European Innovation Council (EIC) Accelerator program become lifelines, offering not just financial support but also validation of the scientific venture’s potential impact. Grants from governmental and international bodies provide the essential capital needed to transition from proof-of-concept to a viable product, without diluting the founders’ equity or forcing them into premature commercialization strategies. Building a Bridge: The Role of University Incubators and Entrepreneurship Programs Recognizing the unique challenges faced by their scientific entrepreneurs, many universities have established incubators and entrepreneurship programs designed to bridge the knowledge gap. These programs offer mentorship, business training, and access to networks of investors specifically interested in DeepTech and scientific innovations. They aim to equip scientists with the necessary skills to navigate the funding landscape, from crafting compelling pitch decks to understanding the financial metrics crucial to investors. The Path Forward Despite the hurdles, the potential societal and economic benefits of scientific startups are immense. With their ability to address pressing global challenges through innovation, supporting these ventures is of paramount importance. Strengthening the ecosystem that supports scientific entrepreneurs, from enhanced grant programs to more specialized investor networks, is critical for their success. In conclusion, while the journey from university lab to market is fraught with challenges, especially in securing funding, there is a growing recognition of the need to support these pioneers of innovation. By bridging the expertise gap and leveraging grants as a springboard, the path forward for scientific startups is becoming clearer, promising a future where their transformative potential can be fully realized. Navigating Intellectual Property: A Guide for University Spinoff Founders The … Read more

Decoding DeepTech: Navigating the New Age of EIC Accelerator Innovation

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In an era marked by rapid technological advancement and innovation, the term “DeepTech” has emerged as a buzzword synonymous with startups and the tech industry at large. But what exactly does “DeepTech” mean, and why is it pivotal for startups and technology sectors? DeepTech, or deep technology, refers to cutting-edge technologies that offer significant advancements over existing solutions. These technologies are characterized by their profound potential to disrupt industries, create new markets, and solve complex challenges. Unlike mainstream technology that focuses on incremental improvements, DeepTech dives deeper into scientific discoveries or engineering innovations to bring about radical change. The Essence of DeepTech At its core, DeepTech embodies technologies rooted in substantial scientific advances and high-tech engineering innovation. These technologies are often associated with sectors such as artificial intelligence (AI), robotics, blockchain, advanced materials, biotechnology, and quantum computing. The unifying factor among these is their foundational reliance on profound, substantive research and development (R&D) efforts, often resulting in breakthroughs that could take years to mature and commercialize. DeepTech in Startups and the Tech Industry For startups, venturing into DeepTech represents both a colossal opportunity and a formidable challenge. The development cycle for DeepTech innovations is typically longer and requires more substantial capital investment compared to software or digital startups. However, the payoff can be transformative, offering solutions to pressing global issues, from climate change to healthcare crises. The technology industry’s interest in DeepTech is driven by the promise of creating lasting value and establishing new frontiers in technology. Unlike consumer tech, which can be subject to rapid shifts in consumer preferences, DeepTech offers foundational changes that can redefine industries for decades. The Path Forward Navigating the DeepTech landscape demands a blend of visionary scientific research, robust funding mechanisms, and strategic industry partnerships. For startups, this means securing investment from stakeholders who understand the long-term nature of DeepTech projects. It also requires a commitment to R&D and a willingness to pioneer uncharted territories. The significance of DeepTech goes beyond mere technological advancement; it’s about building the future. By harnessing the power of deep technologies, startups have the potential to usher in a new era of innovation, solving some of the world’s most intricate challenges with solutions that were once deemed impossible. In conclusion, DeepTech stands at the intersection of groundbreaking scientific research and technological innovation. For startups and the tech industry, it represents the next frontier of discovery and disruption. Embracing DeepTech is not just an investment in technology; it’s a commitment to a future where the boundaries of what’s possible are continually expanded. The Unique Capital Dynamics of DeepTech: Navigating the Waters of Innovation In the burgeoning world of startups, DeepTech stands out not only for its ambition to push the boundaries of innovation but also for its distinct financial and developmental landscape. DeepTech startups, by their nature, delve into areas that are both capital-intensive and time-consuming, often focusing on hardware developments or groundbreaking scientific research that necessitates a different breed of investment: patient capital. The Capital Intensive Nature of DeepTech DeepTech ventures often require substantial initial investments, significantly higher than those of their software counterparts. This is primarily due to the hardware-intensive aspects of many DeepTech projects, such as in biotechnology, robotics, and clean energy. The development of physical products or the implementation of novel scientific discoveries demands not only specialized equipment and materials but also access to advanced research facilities. The Time Factor Beyond financial considerations, time plays a crucial role in the development of DeepTech innovations. Unlike software startups, where products can be developed, tested, and iterated upon in relatively short cycles, DeepTech projects often span years or even decades. This extended timeframe is due to the complex nature of the technology being developed, the necessity for extensive testing and certification processes, and the challenge of bringing groundbreaking innovations to market. Patient Capital: A Vital Ingredient for Success Given these unique challenges, DeepTech startups require investors who are prepared for a longer journey to return on investment (ROI). This “patient capital” is willing to support startups through the lengthy periods of R&D and market introduction inherent in DeepTech ventures. Such investors typically have a deep understanding of the specific industries and the potential impact of the innovations, enabling them to see beyond short-term gains towards the transformative potential of these technologies. Why Patient Capital Matters The significance of patient capital extends beyond merely providing financial resources. It includes mentorship, industry connections, and strategic guidance, all of which are crucial for navigating the complex landscape of DeepTech. Moreover, patient capital helps foster a culture of innovation where entrepreneurs can focus on breakthroughs that might not have immediate commercial viability but have the potential to create substantial societal and economic impacts in the long run. In conclusion, the journey of DeepTech startups is uniquely challenging, requiring more than just financial investment. It demands a commitment to a vision that transcends traditional investment timelines, offering the promise of revolutionary advancements. For those willing to embark on this journey, the rewards are not just in potential financial returns but in contributing to the advancements that could shape the future of our society. The Rising Attraction of DeepTech Investments: Unique Technologies and Higher Returns The investment landscape is witnessing a significant shift towards DeepTech, driven by its potential for higher returns and its inherent uniqueness. DeepTech companies, by their nature, delve into groundbreaking technological advancements, often protected by patents and intellectual property (IP) rights. This uniqueness not only differentiates them from the crowded space of software startups but also offers a layer of competition protection that is highly valued by investors. High Returns and Competitive Moats DeepTech investments are increasingly attractive due to the potential for substantial financial returns. The technologies developed within DeepTech sectors—ranging from biotechnology and advanced materials to artificial intelligence and quantum computing—have the power to disrupt industries and create entirely new markets. This transformative potential translates into significant financial opportunities for investors who are early supporters of such innovations. Moreover, the complexity and proprietary nature of DeepTech innovations … Read more

The New EIC Work Programme: Understanding the Elimination of the Rebuttal Process

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In the dynamic landscape of European Union (EU) funding, the European Innovation Council (EIC) has introduced notable changes under its 2024 Work Programme, directly impacting the application and evaluation process for funding. Among these adjustments, the elimination of the rebuttal process stands out, signifying a shift towards a more streamlined and independent assessment of proposals. This article delves into the implications of this change for startups and Small- and Medium-Sized Enterprises (SMEs) seeking EIC Accelerator funding, aiming to demystify the new approach and offer strategic guidance for applicants. The Shift Away from the Rebuttal Process Historically, the EIC Accelerator application process allowed applicants to address and “rebut” comments from previous evaluations in subsequent submissions. This rebuttal process enabled organizations to refine and improve their proposals based on specific feedback, theoretically increasing their chances of success in future rounds. However, under the 2024 EIC Work Programme, this mechanism has been removed. Consequently, there is no longer a structured avenue for applicants to incorporate improvements from previous submissions directly in response to evaluator comments. Independent Evaluation of Proposals A significant change accompanying the removal of the rebuttal process is the approach to evaluating proposals. Evaluators will no longer have access to any previous submissions or evaluation reports from earlier rounds. This ensures that each proposal is assessed independently, solely on its merits and in alignment with the standard Horizon Europe evaluation criteria. This change aims to level the playing field, ensuring that all applications, whether from first-time submitters or those reapplying, receive an unbiased review. Incorporating Improvements in the Narrative While the structured rebuttal process has been phased out, applicants retain the ability to refine their proposals based on past feedback. Improvements and enhancements can still be included in the narrative Part B of the application form. However, it is important to note that there is no specific format or section designated for this purpose. Applicants must therefore seamlessly integrate any adjustments into the overall proposal narrative, ensuring that the improvements are coherent and enhance the proposal’s overall quality and feasibility. Strategic Implications for Applicants This modification in the EIC’s evaluation process necessitates a strategic pivot for applicants. Startups and SMEs should focus on crafting a robust and compelling proposal from the outset, integrating continuous improvement as a core strategy rather than relying on specific feedback loops. Applicants are encouraged to: Conduct thorough self-assessment: Prior to submission, critically evaluate your proposal against the EIC’s criteria and objectives, identifying areas for enhancement without relying on external feedback. Leverage professional support: Engage with consultants, professional writers, or freelancers experienced in EU grant applications to refine your proposal, ensuring it aligns with the EIC’s current priorities and standards. Emphasize innovation and impact: With each proposal evaluated on its own merits, highlight your project’s innovation, market potential, and societal impact, making a compelling case for EIC funding. Conclusion The 2024 EIC Work Programme introduces a paradigm shift in how proposals are evaluated, with the removal of the rebuttal process underscoring a move towards more independent and merit-based assessments. While this change challenges applicants to adapt, it also opens opportunities to present their innovations in the best possible light, free from the shadow of previous submissions. By embracing a strategy of continuous improvement and leveraging professional expertise, startups and SMEs can navigate these changes successfully, positioning themselves strongly for EIC Accelerator funding.

Understanding Submission Limits for the EIC Accelerator under the 2024 Work Programme

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The European Innovation Council (EIC) Accelerator is a cornerstone of the EU’s commitment to fostering innovation and supporting startups and Small- and Medium-Sized Enterprises (SMEs) in bringing groundbreaking ideas to market. With the introduction of the EIC 2024 Work Programme, significant updates have been made to streamline processes and clarify the rules surrounding the submission and resubmission of proposals. This article aims to elucidate the new submission limits, offering a clear guide for entities aiming to secure funding through this competitive programme. Simplified Submission Rules The EIC 2024 Work Programme has introduced a more straightforward approach to the submission of proposals, addressing feedback and aiming to make the funding process more accessible. From the start of 2024, entities are allowed to submit up to three unsuccessful applications across any stage of the process and for any form of support. This includes: Short proposals Full proposals Challenge-specific calls Open calls Grant only Blended finance (combinations of grant and equity) Equity only This simplification means that applicants have three chances to secure funding, regardless of the stage or type of support applied for, before being precluded from further submissions under Horizon Europe’s EIC Accelerator. Resubmission After Rejection A noteworthy aspect of the new rules is the provision for resubmission following a rejection at the full proposal stage. Applicants who do not succeed at this stage are permitted to resubmit their proposal directly to the full proposal stage, bypassing the short proposal phase, provided they have not reached their three-application limit. However, direct resubmission to the interview phase is not allowed under any circumstances. Practical Examples To offer clarity, the Work Programme outlines several scenarios: After one rejection at the full proposal stage (whether during the remote evaluation or the interview), an entity may submit two more full proposals. Following two rejections at the interview stage, an entity is still eligible to submit a full proposal and could potentially be invited for a third interview. If an entity has been rejected once at either the full proposal or interview stage and once at the short proposal stage, they are entitled to one more submission at the full proposal stage. It’s important to note that the counter for unsuccessful applications resets to zero on 1 January 2024. This reset offers a fresh start for entities that may have previously reached their submission limit, providing new opportunities for funding under the Horizon Europe framework. Implications for Applicants These updated rules aim to balance the EIC Accelerator’s competitive nature with the need for flexibility and multiple opportunities for funding. Applicants should strategically plan their submissions, taking into account the feedback received from previous applications to strengthen their proposals. Engaging with professional writers, consultants, or leveraging the EIC Accelerator’s official proposal template can enhance the quality of submissions. Furthermore, applicants should remain mindful of the submission cap, prioritizing the refinement and improvement of their proposals with each attempt. The opportunity to resubmit directly to the full proposal stage after rejection is a significant advantage, allowing entities to address feedback and improve their applications without starting from scratch. Conclusion The EIC 2024 Work Programme’s simplified rules on submission and resubmission signify a positive step towards making EU funding more accessible to innovative enterprises. By understanding these regulations and strategically planning their applications, startups and SMEs can maximize their chances of securing the vital support needed to bring their innovations to the European and global markets.

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