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The EIC Accelerator (€2.5M grant and €15M equity financing available) is a highly competitive funding program that has replaced the SME instrument Phase 2 in 2019 and has undergone a testing period in 2019/2020 as the EIC Accelerator Pilot. After Horizon 2020, the new Horizon Europe (2021-2027) program has transformed the EIC Accelerator into a modernised and feature-rich grant platform. As a result, the application process is longer and more stringent than ever before while the written parts have increased dramatically. In the same vein, the addition of audiovisual content like videos, pitch decks, investor decks and more require careful planning and complete project development right from the start.
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About
The articles found on Rasph.com reflect the opinions of Rasph or its respective authors and in no way reflect opinions held by the European Commission (EC) or the European Innovation Council (EIC). The provided information aims to share perspectives that are valuable and can potentially inform applicants regarding grant funding schemes such as the EIC Accelerator, EIC Pathfinder, EIC Transition or related programs such as Innovate UK in the United Kingdom or the Small Business Innovation and Research grant (SBIR) in the United States.
The articles can also be a useful resource for other consultancies in the grant space as well as professional grant writers who are hired as freelancers or are part of a Small and Medium-sized Enterprise (SME). The EIC Accelerator is part of Horizon Europe (2021-2027) which has recently replaced the previous framework program Horizon 2020.
- Contact Us -
EIC Accelerator Articles
All Eligible EIC Accelerator Countries (including the United Kingdom, Switzerland and Ukraine)
Explaining the Resubmission Process for the EIC Accelerator
A Short but Comprehensive Explanation of the EIC Accelerator
The EIC’s One-Stop Shop Funding Framework (Pathfinder, Transition, Accelerator)
Deciding Between EIC Pathfinder, Transition and Accelerator
A Winning Candidate for the EIC Accelerator
The Challenge with EIC Accelerator Open Calls: MedTech Innovations Dominate
Go Fund Yourself: Are EIC Accelerator Equity Investments Necessary? (Presenting Grant+)
Digging Deep: The New DeepTech Focus of the EIC Accelerator and its Funding Bottlenecks
Zombie Innovation: EIC Accelerator Funding for the Living Dead
Smack My Pitch Up: Changing The Evaluation Focus Of The EIC Accelerator
How Deep Is Your Tech? The European Innovation Council Impact Report (EIC Accelerator)
Analyzing A Leaked EIC Accelerator Interview List (Success Rates, Industries, Direct Submissions)
Steering the EIC Accelerator: Lessons Learned from the Pilot Program
Who Should Not Apply To The EIC Accelerator And Why
The Risk of Presenting all Risks in the High-Risk EIC Accelerator Program
How to Prepare an EIC Accelerator Resubmission
How to Prepare a Good EIC Accelerator Application: General Project Advice
How to Craft an EIC Accelerator Rebuttal: Explaining Grant Proposal Resubmissions
Major Changes in the European Innovation Council (EIC) Work Programme 2025: EIC Accelerator, EIC STEP Scale-Up and EIC Pre-Accelerator
Introduction to the European Innovation Council (EIC) Work Programme 2025
Grant Funding for Widening Countries: The EIC Pre-Accelerator in the EIC Funding Ecosystem
The articles found on Rasph.com reflect the opinions of Rasph or its respective authors and in no way reflect opinions held by the European Commission (EC) or the European Innovation Council (EIC). The provided information aims to share perspectives that are valuable and can potentially inform applicants regarding grant funding schemes such as the EIC Accelerator, EIC Pathfinder, EIC Transition or related programs such as Innovate UK in the United Kingdom or the Small Business Innovation and Research grant (SBIR) in the United States. The articles can also be a useful resource for other consultancies in the grant space as well as professional grant writers who are hired as freelancers or are part of a Small and Medium-sized Enterprise (SME). The EIC Accelerator is part of Horizon Europe (2021-2027) which has recently replaced the previous framework program Horizon 2020.About
This article was written by ChatEIC. ChatEIC is an EIC Accelerator assistant that can advise on the writing of proposals, discuss current trends and create insightful articles on a variety of topics. The articles written by ChatEIC can contain inaccurate or outdated information.
All Eligible EIC Accelerator Countries (including the United Kingdom, Switzerland and Ukraine) Explaining the Resubmission Process for the EIC Accelerator A Short but Comprehensive Explanation of the EIC Accelerator The EIC’s One-Stop Shop Funding Framework (Pathfinder, Transition, Accelerator) Deciding Between EIC Pathfinder, Transition and Accelerator A Winning Candidate for the EIC Accelerator The Challenge with EIC Accelerator Open Calls: MedTech Innovations Dominate Go Fund Yourself: Are EIC Accelerator Equity Investments Necessary? (Presenting Grant+) Digging Deep: The New DeepTech Focus of the EIC Accelerator and its Funding Bottlenecks Zombie Innovation: EIC Accelerator Funding for the Living Dead Smack My Pitch Up: Changing The Evaluation Focus Of The EIC Accelerator How Deep Is Your Tech? The European Innovation Council Impact Report (EIC Accelerator) Analyzing A Leaked EIC Accelerator Interview List (Success Rates, Industries, Direct Submissions) Steering the EIC Accelerator: Lessons Learned from the Pilot Program Who Should Not Apply To The EIC Accelerator And Why The Risk of Presenting all Risks in the High-Risk EIC Accelerator Program How to Prepare an EIC Accelerator Resubmission How to Prepare a Good EIC Accelerator Application: General Project Advice How to Craft an EIC Accelerator Rebuttal: Explaining Grant Proposal Resubmissions- Contact Us -
EIC Accelerator Articles
EIC Pathfinder Results 2024: €138 Million to Fund 45 Groundbreaking Projects
The European Innovation Council (EIC) Pathfinder continues its pivotal role in advancing Europe’s cutting-edge research and technological innovations. The 2024 EIC Pathfinder funding cycle, which had a total of €138 million in requested budget, has now revealed its highly selective outcomes, with 45 projects chosen from 1,110 submissions. The selected projects will each receive approximately €3.07 million to drive revolutionary research aimed at transforming industries and solving pressing societal challenges.
With results published on September 5, 2024, after a submission deadline of March 7, 2024, this round of the EIC Pathfinder funding emphasizes innovation across various sectors and regions of Europe, reflecting a diverse geographical distribution of successful applicants (results).
Key Data from the EIC Pathfinder 2024
- Total requested budget: €138 million
- Average funding per project: €3.07 million
- Number of submissions: 1,110
- Projects selected for funding: 45
- Success rate: ~4.1%
Geographic Breakdown of Funded Projects
The distribution of the 45 selected projects spans across 17 countries, with Italy leading the charge by securing 10 projects (22.2%), followed by Austria and Spain, each with 5 projects (11.1%).
Country | Projects Funded | Percentage |
---|---|---|
Italy | 10 | 22.2% |
Austria | 5 | 11.1% |
Spain | 5 | 11.1% |
Norway | 3 | 6.7% |
Germany | 3 | 6.7% |
France | 3 | 6.7% |
Sweden | 3 | 6.7% |
Greece | 2 | 4.4% |
Finland | 2 | 4.4% |
Netherlands | 2 | 4.4% |
Slovenia | 1 | 2.2% |
Serbia | 1 | 2.2% |
Ireland | 1 | 2.2% |
Israel | 1 | 2.2% |
Czech Republic | 1 | 2.2% |
Denmark | 1 | 2.2% |
United Kingdom | 1 | 2.2% |
This broad representation highlights the collaborative and pan-European nature of the EIC Pathfinder program, which continues to fund projects not just within the EU, but also in associated countries such as Israel, the United Kingdom, and Norway.
Sectoral Focus of the Funded Projects
The EIC Pathfinder is known for supporting transformative research in a variety of domains, prioritizing high-risk, high-reward projects that could lead to significant breakthroughs. The 2024 funding round continues to reflect the EIC’s focus on sectors with the potential for long-term societal and economic impact. Although specific details on each funded project are yet to be fully disclosed, several key areas are traditionally emphasized in the EIC Pathfinder funding:
- Quantum Technologies: A priority area for Europe as it seeks to establish global leadership in quantum computing, communication, and sensing technologies. Italy and Germany, in particular, are home to several promising quantum research projects.
- Artificial Intelligence (AI) and Machine Learning (ML): Projects leveraging AI for applications in healthcare, robotics, and industry have garnered significant attention. France and Spain are key contributors in AI-driven research.
- Sustainable Energy and Climate Technologies: The EU’s Green Deal and ambitious climate goals mean that energy-efficient technologies, renewable energy solutions, and environmental sustainability remain crucial areas for innovation. Austria and Sweden are particularly active in these areas.
- Biotechnology and Health Innovations: Biotechnology and personalized medicine continue to be hotbeds of research, with Finland, Greece, and the Netherlands focusing on biomedical advances and health technologies.
- Advanced Materials and Nanotechnology: The development of new materials with applications in various industries, from electronics to healthcare, is a key focus, with multiple projects exploring nanotechnology and materials science innovations.
Italy Leads the Pack
Italy’s dominance in the 2024 EIC Pathfinder results, with 10 projects funded (22.2% of the total), is a testament to the country’s growing research capabilities and innovation ecosystem. Italian research teams have successfully positioned themselves at the forefront of European scientific advancements, particularly in sectors such as quantum technologies, renewable energy, and health technologies.
Austria and Spain: Significant Contributions
Austria and Spain, each with 5 funded projects, demonstrate their strength in areas such as AI, sustainable energy solutions, and advanced materials. Austria has a long-standing tradition of technological innovation, particularly in green technologies, while Spain has become a leader in AI research and digital transformation initiatives.
Notable Representation from Smaller Countries
Although the larger nations such as Italy, Germany, and France frequently dominate the headlines, smaller countries such as Norway, Greece, Finland, and Slovenia continue to punch above their weight in innovation. With projects from diverse areas like sustainable energy (Norway), advanced materials (Greece), and biotech (Finland), these countries are playing a pivotal role in Europe’s broader innovation landscape.
The Role of EIC Pathfinder in Europe’s Innovation Strategy
The EIC Pathfinder is a critical component of the European Union’s Horizon Europe program, fostering disruptive research that has the potential to address global challenges, from climate change to healthcare disparities. By funding early-stage projects that are often too risky for private investment, the EIC Pathfinder ensures that Europe remains at the cutting edge of technological and scientific advancements.
Each selected project will benefit from robust support, including €3.07 million in funding, mentorship, and networking opportunities, all aimed at accelerating their journey from concept to commercialization. The Pathfinder program is not just about advancing science; it’s about translating that science into marketable solutions that will drive Europe’s economic growth and global competitiveness.
What’s Next?
The 45 projects selected in 2024 will now embark on the challenging task of realizing their ambitious research goals. Over the next few years, these projects will work towards key milestones, with continuous monitoring and support from the EIC to ensure their progress. The next submission deadline for EIC Pathfinder is expected in early 2025, where more disruptive projects will be considered for funding, continuing the momentum built by the 2024 cohort.
Conclusion
The 2024 EIC Pathfinder funding round highlights Europe’s commitment to supporting transformative research that has the potential to change the world. With 45 projects selected from 1,110 submissions, representing 17 countries, and an average funding of €3.07 million per project, the latest results underscore the breadth and depth of innovation occurring across Europe. Italy, Austria, and Spain are leading the charge, but smaller countries like Greece, Finland, and Slovenia are also making significant contributions.
As these projects move forward, they have the potential to address some of the most pressing challenges of our time, from climate change to healthcare. The EIC Pathfinder is ensuring that Europe remains a global leader in innovation, nurturing the ideas and technologies that will shape our future.
All Funded Projects
Acronym | Title | Legal Name | Country Coordinator | Year |
---|---|---|---|---|
CIELO | Cavity-Integrated Electro-Optics: Measuring, Converting and Manipulating Microwaves with Light | INSTITUTE OF SCIENCE AND TECHNOLOGY AUSTRIA | Austria | 2024 |
ESOHISTO | Hybrid endoscope for esophageal in vivo histology and histochemistry | MEDIZINISCHE UNIVERSITAET WIEN | Austria | 2024 |
QOSiLICIOUS | Quantum-Optic Silicon as a Commodity: Extending the Trust Continuum till the Edge of ICT Networks | AIT AUSTRIAN INSTITUTE OF TECHNOLOGY GMBH | Austria | 2024 |
QuSPARC | Quantum technology with a spin-photon architecture for thousand-qubit chipsets at telecom wavelengths | OESTERREICHISCHE AKADEMIE DER WISSENSCHAFTEN | Austria | 2024 |
TriFluorium | Tribo-Reactor for fluorine circularity by urban mining | AC2T RESEARCH GMBH | Austria | 2024 |
BiCeps | Bioinspired cellular actuators | VYSOKE UCENI TECHNICKE V BRNE | Czech Republic | 2024 |
BioSinFin | Bioinspired Singlet Fission Photon Multipliers | TECHNISCHE UNIVERSITAET MUENCHEN | Germany | 2024 |
BoneOscopy | Live Cell Spectroscopy Analysis for Personalised Particle Radiation Therapy of Metastatic Bone Cancer | DEUTSCHES KREBSFORSCHUNGSZENTRUM HEIDELBERG | Germany | 2024 |
LongDip | Multivariate optoacoustic sensor for longitudinal diabetes monitoring | HELMHOLTZ ZENTRUM MUENCHEN DEUTSCHES FORSCHUNGSZENTRUM FUER GESUNDHEIT UND UMWELT GMBH | Germany | 2024 |
Heat2Battery | All in One: Harvesting of waste heat with solid thermal battery | DANMARKS TEKNISKE UNIVERSITET | Denmark | 2024 |
SafeTouch | SELF-DISINFECTING, SMART MICROFILMS FOR HEALTHCARE & COMMUNITY ACQUIRED INFECTIONS | ETHNICON METSOVION POLYTECHNION | Greece | 2024 |
TorPropel | Toroidal Propellers for Efficient and Sustainable Aviation | PANEPISTIMIO IOANNINON | Greece | 2024 |
EcoSentinel | Ecological Sentinel | FUNDACIO PRIVADA UNIVERSITAT I TECNOLOGIA | Spain | 2024 |
NanoBiCar | NanoBiCar: A novel immunotherapy for infectious diseases | UNIVERSITAT POLITECNICA DE VALENCIA | Spain | 2024 |
SONOCRAFT | High-throughput ultrasound-based volumetric 3D printing for tissue engineering | UNIVERSITAT DE BARCELONA | Spain | 2024 |
SYNFEED | Synthetic proteins for sustainable animal feeding | UNIVERSITAT POLITECNICA DE VALENCIA | Spain | 2024 |
WATERsense | Ultrasensitive nanoplatform enabling on-site and continuous water pollutant detection based on analyte fingerprinting. | UNIVERSITAT DE BARCELONA | Spain | 2024 |
EQUSPACE | ENABLING NEW QUANTUM FRONTIERS WITH SPIN ACOUSTICS IN SILICON | JYVASKYLAN YLIOPISTO | Finland | 2024 |
RE-IMAGINE-CROPS | RE-IMAGINE-CROPS – A real-time mobile multimodal positron emission tomography and multiphoton endoscopic technology for REalistic in-field quantitative IMAGING of CROPS | EURO-BIOIMAGING ERIC | Finland | 2024 |
ELEQUANT | Entangled Flying Electron Quantum Technology | CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE CNRS | France | 2024 |
PELVITRACK | PELVIc Floor Evaluation live TRACKing – Real-time prediction of perineal trauma | INSTITUT MINES-TELECOM | France | 2024 |
SpinDataCom | SPIN-V(E)CSELS FOR ULTRAFAST AND HIGHLY-EFFICIENT SPACE AND EARTH DATA COMMUNICATIONS | CENTRE NATIONAL DE LA RECHERCHE SCIENTIFIQUE CNRS | France | 2024 |
QCEED | Quantum Dot coupling engineering (and dynamic spin decoupling/deep nuclei cooling): 2-dimensional cluster state generation for quantum information processing | UNIVERSITY COLLEGE CORK - NATIONAL UNIVERSITY OF IRELAND, CORK | Ireland | 2024 |
DDG-MRI | DDG-MRI for cancer detection - A novel medical imaging approach that correlates to FDG-PET without ionising radiation | HADASSAH MEDICAL ORGANIZATION | Israel | 2024 |
BactEradiX | Advanced nanomaterials to target genomic and Z-DNA for bacterial biofilm eradication | ALMA MATER STUDIORUM - UNIVERSITA DI BOLOGNA | Italy | 2024 |
BANTER | Bimodal Ammonia Nuclear Thermal and Electric Rocket | UNIVERSITA DI PISA | Italy | 2024 |
ERMES | INFORMATION TRANSFER BETWEEN MEDICAL DOCTORS AND IMPLANTED MEDICAL DEVICES VIA ARTIFICIAL MOLECULAR COMMUNICATION | UNIVERSITA DEGLI STUDI DI CATANIA | Italy | 2024 |
LEAF | SeLf-powered self-rEshaping Autarkic skin For wireless motes - LEAF | FONDAZIONE ISTITUTO ITALIANO DI TECNOLOGIA | Italy | 2024 |
MULTISCOPE | MULTIMODE NONLINEAR FIBER BASED ENDOSCOPIC IMAGING AND TREATMENT | UNIVERSITA DEGLI STUDI DI ROMA LA SAPIENZA | Italy | 2024 |
MUSMET | Musical Metaverse made in Europe: an innovation lab for musicians and audiences of the future | UNIVERSITA DEGLI STUDI DI TRENTO | Italy | 2024 |
Spectra- BREAST | Multimodal Hypersprectal Imaging and Raman Spectroscopy for Intraoperative Assessment of Breast Tumor Resection Margins | ISTITUTI CLINICI SCIENTIFICI MAUGERI SOCIETA' PER AZIONI SOCIETA' BENEFIT | Italy | 2024 |
THREAD | Thermite reactions assisting satellite demise | POLITECNICO DI MILANO | Italy | 2024 |
VALERIA | Van der Waals materials for integrated nanophotonics | UNIVERSITA DEGLI STUDI DI ROMA LA SAPIENZA | Italy | 2024 |
VirHoX | Hacking the ribosome to map virus-host associations | UNIVERSITA DEGLI STUDI DI PADOVA | Italy | 2024 |
iNSIGHT | INTELLIGENT ENCAPSULATION AND SCREENING PLATFORM FOR PRECISION DELIVERY OF PROBIOTICS TO IMPROVE GUT HEALTH | WAGENINGEN UNIVERSITY | Netherlands | 2024 |
ReverseStroke | Restoring movement lost to stroke | ONWARD MEDICAL NV | Netherlands | 2024 |
ELLIPTIC | ExpLoring Lithium tantalate on Insulator PhoTonic Integrated Circuits | NORGES TEKNISK-NATURVITENSKAPELIGE UNIVERSITET NTNU | Norway | 2024 |
OPTIPATH | ADAPTIVE OPTICAL METASURFACES FOR REAL-TIME, LABEL-FREE AND NON-DESTRUCTIVE 7D DIGITAL PATHOLOGY | SINTEF AS | Norway | 2024 |
SCALPEL | Specific Conjugation of Antibodies to Lipid Photo-peroxidised cancer tissues for their immunogenic ELimination | OSLO UNIVERSITETSSYKEHUS HF | Norway | 2024 |
CancerScan | Smart pathology slide scanner for diagnosis and patient-specific treatment recommendation in oncology | NEOVIVUM TECHNOLOGIES DOO NOVI SAD | Serbia | 2024 |
1MICRON | NEW TECHNOLOGY FOR 1 MICRON RESOLUTION BIOMEDICAL IMAGING | KUNGLIGA TEKNISKA HOEGSKOLAN | Sweden | 2024 |
TauEB | Tau-E Breakthrough (TauEB): Infinite clean energy through fusion power to the grid & beyond | KUNGLIGA TEKNISKA HOEGSKOLAN | Sweden | 2024 |
VOLUMINEX | Instrument-free 3D molecular imaging with the VOLumetric UMI-Network EXplorer | KUNGLIGA TEKNISKA HOEGSKOLAN | Sweden | 2024 |
REMEDY | Archibiome tattoo for resistant, responsive, and resilient cities | INNORENEW COE CENTER ODLICNOSTI ZA RAZISKAVE IN INOVACIJE NA PODROCJU OBNOVLJIVIH MATERIALOV IN ZDRAVEGA BIVANJSKEGA OKOLJA | Slovenia | 2024 |
IMProGlyco | Inhibitor-Mediated Programming of Glycoforms | UNIVERSITY OF LEEDS | United Kingdom | 2024 |
About
The articles found on Rasph.com reflect the opinions of Rasph or its respective authors and in no way reflect opinions held by the European Commission (EC) or the European Innovation Council (EIC). The provided information aims to share perspectives that are valuable and can potentially inform applicants regarding grant funding schemes such as the EIC Accelerator, EIC Pathfinder, EIC Transition or related programs such as Innovate UK in the United Kingdom or the Small Business Innovation and Research grant (SBIR) in the United States.
The articles can also be a useful resource for other consultancies in the grant space as well as professional grant writers who are hired as freelancers or are part of a Small and Medium-sized Enterprise (SME). The EIC Accelerator is part of Horizon Europe (2021-2027) which has recently replaced the previous framework program Horizon 2020.
This article was written by ChatEIC. ChatEIC is an EIC Accelerator assistant that can advise on the writing of proposals, discuss current trends and create insightful articles on a variety of topics. The articles written by ChatEIC can contain inaccurate or outdated information.
- Contact Us -
EIC Accelerator Articles
All Eligible EIC Accelerator Countries (including the United Kingdom, Switzerland and Ukraine)
Explaining the Resubmission Process for the EIC Accelerator
A Short but Comprehensive Explanation of the EIC Accelerator
The EIC’s One-Stop Shop Funding Framework (Pathfinder, Transition, Accelerator)
Deciding Between EIC Pathfinder, Transition and Accelerator
A Winning Candidate for the EIC Accelerator
The Challenge with EIC Accelerator Open Calls: MedTech Innovations Dominate
Go Fund Yourself: Are EIC Accelerator Equity Investments Necessary? (Presenting Grant+)
Digging Deep: The New DeepTech Focus of the EIC Accelerator and its Funding Bottlenecks
Zombie Innovation: EIC Accelerator Funding for the Living Dead
Smack My Pitch Up: Changing The Evaluation Focus Of The EIC Accelerator
How Deep Is Your Tech? The European Innovation Council Impact Report (EIC Accelerator)
Analyzing A Leaked EIC Accelerator Interview List (Success Rates, Industries, Direct Submissions)
Steering the EIC Accelerator: Lessons Learned from the Pilot Program
Who Should Not Apply To The EIC Accelerator And Why
The Risk of Presenting all Risks in the High-Risk EIC Accelerator Program
How to Prepare an EIC Accelerator Resubmission
How to Prepare a Good EIC Accelerator Application: General Project Advice
How to Craft an EIC Accelerator Rebuttal: Explaining Grant Proposal Resubmissions
EIC Accelerator March 2024 Results: A Detailed Analysis of Funding Distribution and Success Rates
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
Company | Acronym | Description | Country | Year |
---|---|---|---|---|
LightSolver Ltd | LightSolver | An All-Optical computer for solving Hard Optimization Problems | Israel | 2024 |
Ore Energy | F-AIR BAT | The first European scalable, ultra-cheap and easily deployable long-duration energy storage solution, based on iron, water and air - The missing link to accelerate the EU's energy transition. | Netherlands | 2024 |
KITEMILL AS | AWE-KM2 | Airborne Wind Energy: Innovative KM2 AWE System by Kitemill | Norway | 2024 |
ARGO IMIAGOGOI ANONYMI ETAIREIA*ARGO SEMICONDUCTORS SOCIETE ANONYME | Argo Active Antenna | Development finalization and optimization of Argo Semi Active Antenna Catalyst to revolutionize sub-6GHz 5G wireless systems | Greece | 2024 |
Phaseform GmbH | DeltaSTAR | Deformable Phase Plates for Adaptive Optics applied to Ophthalmology and Microscopy | Germany | 2024 |
Hyperion Robotics Oy | 3Dgeocarbon | Carbon negative concrete 3D printing | Finland | 2024 |
INSPEK | MultiSpek | An innovative on-chip multi-sensing platform for single-use biopharmaceutical applications | France | 2024 |
ABSOLUT SENSING | AIM | Accelerating breakthrough Innovation to monitor, control and reduce Methane emissions. | France | 2024 |
Onego Bio Ltd | Bioalbumen | Novel precision fermentation process to produce animal-free bioidentical ovalbumin | Finland | 2024 |
VAXDYN SL | K-VAX | Clinical validation of an antibiotic-resistant bacteria global vaccine platform through the first vaccine against Klebsiella pneumoniae | Spain | 2024 |
JAXBIO TECHNOLOGIES LTD | LUMEN | INNOVATIVE LIQUID BIOPSY METHOD USING LAB-ON-ACHIP TECHNOLOGY FOR CANCER DIAGNOSIS AND MANAGEMENT | Israel | 2024 |
MULTI4 MEDICAL AB | Multi4 | Multi4 - the first surgical instrument for bladder cancer treatment through a 20-minute outpatient procedure | Sweden | 2024 |
AURA AERO SAS | ERA | ERA - Electric Regional Aircraft | France | 2024 |
LATITUDE | ZEPHYR | Development of an innovative GPM for the ZEPHYR microlauncher | France | 2024 |
INTEGRA THERAPEUTICS S.L. | FiCAT | Next generation gene writing platform to cure genetic and oncological diseases | Spain | 2024 |
Atamyo Therapeutics | ATA-100 | Smart, organotropic gene therapy designed for optimised efficacy, patient safety and affordability to treat limb-girdle muscular dystrophy-R9 | France | 2024 |
Carbon Atlantis GmbH | CAPTURE | Carbon Atlantis Project to Undo Residual Emissions - construction and deployment of a minimum viable product the Gen3 stack capable of capturing 500 tonnes CO2 per year from the air. | Germany | 2024 |
Solmeyea | C - 2C - Protein | Inspiring CO2 circularity by introducing carbon transformation to our plates | Greece | 2024 |
NoPalm Ingredients BV | NoPalm Oil | A unique fermentation platform for the production of a local, circular, and sustainable alternative to palm oil from bio-waste streams | Netherlands | 2024 |
ALTRATECH LIMITED | UbiHealth | Transforming Molecular Diagnostics through NanoTechnology | Ireland | 2024 |
EYE4NIR srl | CHEERS | Chip-scALe visiBLE-iNfrared imaGing sEnsor | Italy | 2024 |
Nurami Medical Ltd | Nurami | Medical nanofiber technology to prevent cerebrospinal leakage in neurosurgeries | Israel | 2024 |
NEARFIELD INSTRUMENTS B.V. | AUDIRA | Non-Destructive Fully Automated Subsurface Metrology and Inspection for the Semiconductor Industry | Netherlands | 2024 |
Chipiron SAS | AMRI | Accessible MRI | France | 2024 |
tozero GmbH | ToZero | Bringing Lithium-Ion Battery Waste tozero | Germany | 2024 |
Bio-Sourcing | BioMilk-mAb | The scale-up of the BioMilk platform: The revolutionary approach to manufacturing of biopharmaceuticals | Belgium | 2024 |
CHERRY BIOTECH | ASTEROID | Multi-organ toxicity and efficacy test platform for Personalized medicine & Drug development | France | 2024 |
Ceramic Data Solutions Holding GmbH | Cerabyte | Cerabyte - a ceramic data storage system for global IT & cloud service provider | Germany | 2024 |
Mifundo OÜ | EU-CREDIT-AI | Verified and Passportable Financial Identity | Estonia | 2024 |
PHARROWTECH | SWIFT | Next-Gen Wireless Chip and Antenna Tech for Wi-Fi 8 | Belgium | 2024 |
KIUTRA GMBH | CRYOFAST | Democratizing Cryogenic Measurements for the Quantum Ecosystem | Germany | 2024 |
FononTech Holding B.V. | Impulse Printing | The first-ever mask-based technology for faster, precise, and sustainable printing of 3D interconnects for the display and semiconductor packaging industry. | Netherlands | 2024 |
BUILD TO ZERO ENERGY SOCIEDAD LIMITADA | ThermalBox | A Power-to-Heat Long Duration Energy Storage for decarbonizing the industrial thermal processes | Spain | 2024 |
SPACEPHARMA R&D ISRAEL LTD | SPACTORY | SPACTORY, revolutionising pharmaceutical development and manufacturing through microgravity | Israel | 2024 |
DIAMANTE SOCIETA BENEFIT S.R.L | DIAMANTE | Revolutionizing Autoimmune Therapy: Antigen Specific Immunotherapy for Rheumatoid Arthritis with Virus Nanoparticles | Italy | 2024 |
Omini | CardioCap | The first heart failure therapy management point-of-care device with multiplex and multimodal sensor | France | 2024 |
Deployables Cubed GmbH | ISM4Europe | In-Space Manufactured Solar Array providing highly cost-efficient power generation for SmallSats and In- Orbit Servicing; enabling European non-dependence and competitiveness in space technologies | Germany | 2024 |
Spherical Systems B.V. | SPHERICAL | High-performance Satellite Avionics Powered by Agile Semiconductor Design. | Netherlands | 2024 |
QUIX QUANTUM BV | QUQUP | QuiX Quantum Universal Quantum Processor | Netherlands | 2024 |
Raidium | FoundRa | Foundation Model-Based Biomarker Platform for Radiology and Clinical Trials | France | 2024 |
BLIXT TECH AB | X-Verter | X-Verter®: Cell-level Controlled Battery System enabling software defined power | Sweden | 2024 |
VCG.AI GmbH | VCG | Value chain generator to accelerate the European transition to circular economy | Germany | 2024 |
ECOP TECHNOLOGIES GMBH | RHPK7 | RΕΗΕΑΤ: REcycled industrial HEAT | Austria | 2024 |
Turn Energy GmbH | Turn2X | Decarbonising industry with Renewable Natural Gas | Germany | 2024 |
Reophotonics | io600 | A cutting-edge digital dispensing system for next-gen electronics manufacturing | Israel | 2024 |
APMONIA THERAPEUTICS | ACT-MATRIX | Novel peptide-based therapeutics for reprogramming the tumour stroma extracellular matrix using molecular modelling and computational engineering | France | 2024 |
Impact Biotech Ltd. | IMPACT | Immune Photo-Activated Cancer Therapy for the Treatment of Upper Tract Urothelial Cancer (UTUC) and other solid tumours | Israel | 2024 |
Catalyxx Procesos Catalíticos, SL | RenewChem | First of a kind bio n-butanol industrial facility | Spain | 2024 |
RAAAM Memory Technologies Ltd. | GCRAM | Full qualification, testing and commercial deployment of a unique on-chip memory technology offering the highest-density embedded memory in a standard CMOS process | Israel | 2024 |
QC Design | QPRINTS | Fault-Tolerant Architectures and Software for Scalable Quantum Computers | Germany | 2024 |
QUANTUM TRANSISTORS TECHNOLOGY | QUANTITATIVE | A MILLION QUBIT QUANTUM COMPUTER - HIGHLY SCALABLE SOLID STATE QUANTUM COMPUTING PLATFORM WITH NATIVE OPTICAL NETWORKING | Israel | 2024 |
Last Mile Semiconductor GmbH | SECURE-E | Secure and Efficient Chipset for Uninterrupted Reliable Connectivity in Europe | Germany | 2024 |
WELINQ SAS | SQOUT | Scaling-up quantum computers with quantum memory links | France | 2024 |
Ingenious Membranes S.L. | Excalibur | Unlocking operational excellence in water desalination plants by nanoscale fouling sensor technology | Spain | 2024 |
Proxima Fusion GmbH | CSFPP | Current-free Stellarator for Fusion Power Plants | Germany | 2024 |
MELT&MARBLE AB | Melt and Marble | Harnessing the immense potential of precision fermentation to produce animal fats for the next generation of meat and dairy alternatives | Sweden | 2024 |
Delta Cygni Labs Oy | XRTC | Reliable, Efficient and Fast Industrial Internet: A High-Resilience, Low-Latency API acceleration for global and interplanetary industrial services | Finland | 2024 |
Dunia Innovations UG | Dunia.ai | Accelerating the discovery of high-performance electrocatalysts through artificial intelligence and robotics technology | Germany | 2024 |
PharmNovo AB | PN6047-DOBRA | PN6047 - a breakthrough treatment of neuropathic pain | Sweden | 2024 |
FYCH TECHNOLOGIES SL | ReMLP | ReMLP: Recycling Multi-Layer Plastic | Spain | 2024 |
Marvel Fusion GmbH | CFE-NANO | Commercial Fusion Energy with Short-Pulse High-Intensity Lasers and Nanostructured Fuel Targets | Germany | 2024 |
IMPLICITY | SignalHF | Development and clinical evaluation of an end-to-end Heart Failure management solution powered by predictive AI | France | 2024 |
TILT BIOTHERAPEUTICS OY | 2-CREATE | Phase II trial with Immune Checkpoint Response Enabling Adenovirus Technology | Finland | 2024 |
Skypuzzler ApS | Skypuzzler | Skypuzzler – Solving the puzzle in the sky | Denmark | 2024 |
LACLAREE | I-SEE | INNOVATIVE SOLUTION OF ELECTRO-FOCUS EYEGLASSES | France | 2024 |
GENERA ISTRAZIVANJA DRUSTVO S OGRANICENOM ODGOVORNOSCU ZA PROIZVODNJU BIOTEHNOLOSKIH PROIZVODA | OSTEOforUNION | Drug solution for bone fracture nonunions | Croatia | 2024 |
MediWound Ltd. | ESXDFU | REVOLUTIONIZING DFU TREATMENT: ESCHAREX - A GAME-CHANGING SOLUTION | Israel | 2024 |
BESTHEALT H4U UNIPESSOAL LDA | Bio2Skin | Bio2Skin, the first clinically skin-preserving biomaterial replacing silicones/acrylate as medical skin adhesives | Portugal | 2024 |
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The articles found on Rasph.com reflect the opinions of Rasph or its respective authors and in no way reflect opinions held by the European Commission (EC) or the European Innovation Council (EIC). The provided information aims to share perspectives that are valuable and can potentially inform applicants regarding grant funding schemes such as the EIC Accelerator, EIC Pathfinder, EIC Transition or related programs such as Innovate UK in the United Kingdom or the Small Business Innovation and Research grant (SBIR) in the United States.
The articles can also be a useful resource for other consultancies in the grant space as well as professional grant writers who are hired as freelancers or are part of a Small and Medium-sized Enterprise (SME). The EIC Accelerator is part of Horizon Europe (2021-2027) which has recently replaced the previous framework program Horizon 2020.
This article was written by ChatEIC. ChatEIC is an EIC Accelerator assistant that can advise on the writing of proposals, discuss current trends and create insightful articles on a variety of topics. The articles written by ChatEIC can contain inaccurate or outdated information.
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