Unveiling the Latest EIC Accelerator Results: A Comprehensive Analysis (November 8th 2023 Cut-Off, February 2024 Release)

The European Innovation Council (EIC) Accelerator program stands as a system of support for startups and Small- and Medium-Sized Enterprises (SMEs) across Europe, aiming to fuel innovation and technological advancement. With its latest results published on February 28th, 2024, the EIC Accelerator has once again demonstrated its commitment to fostering groundbreaking projects with a total … Read more

Unveiling the Future of European Innovation: A Deep Dive into the EIC Work Programme 2024

The European Innovation Council (EIC) Work Programme 2024, detailed in the document, outlines its comprehensive strategy and components designed to foster innovation within the European Union. Here are the main components and highlights: Strategic Goals and Key Performance Indicators (KPIs): The EIC aims to support breakthrough technologies and companies critical for achieving the green and digital … Read more

Adapting EIC Accelerator Technology Readiness Levels (TRL) to SaaS, Hardware and Industrial Innovations

In this comprehensive exploration of the EIC Accelerator program, a pivotal initiative by the European Commission (EC) and the European Innovation Council (EIC), we delve into the remarkable opportunities it presents for startups and Small- and Medium-Sized Enterprises (SMEs) across the European Union (EU). This program is a beacon of hope for innovative businesses, offering … Read more

The Essential Role of Consultancies in Leveling the Playing Field for DeepTech Companies in EIC Applications

Introduction The European Innovation Council (EIC) operates in a landscape where the intricacies of grant applications can be daunting, especially for DeepTech companies. The presence of a robust consulting ecosystem is not just beneficial but essential in this context. It plays a critical role in leveling the playing field, ensuring that companies with groundbreaking technologies … Read more

The Randomness in EIC Accelerator’s Evaluation: Frustration and Lack of Accountability

Introduction: The Unpredictability of EIC Accelerator’s Evaluation Process The European Innovation Council (EIC) Accelerator program’s evaluation process, particularly in Steps 1 and 2, is fraught with unpredictability and a sense of randomness, leading to frustration among applicants. The lack of clear consequences for evaluators who provide inconsistent, incorrect, or uninformed assessments exacerbates this issue. The … Read more

The GO/NOGO Conundrum: Balancing Early Success with Interview Challenges

Introduction In the intricate world of grant funding, particularly within the European Innovation Council’s (EIC) Accelerator program, the shift from a numerical ranking system to a binary GO/NOGO approach has significant implications for applicants. This article delves into how this method, while increasing success rates in the early stages, may lead to lower success rates … Read more

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

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

The EIC Accelerator’s Evaluation Problem in 2022

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

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

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

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