.Every startup that needs funding and investment to develop its project has its best shot with the EIC accelerator. Benefits of consulting for EIC Accelerator proposal can enhance your chances. But let’s start from the basis:
What is the EIC Accelerator?
“The EIC Accelerator supports individual Small and Medium Enterprises (SMEs), in particular Startups and spinout companies to develop and scaleup game-changing innovations. In some cases small mid-caps (up to 500 employees) are supported.”
The program offers significant financial aid, including up to €2.5 million grant funding and up to €15 million equity investments. The EIC Fund manages these to cover scale-up and other relevant expenses.
Selected companies gain coaching, mentoring, investor access, and community opportunities through EIC participation.
All companies based in one of the EU countries are eligible to apply, or those associated with the Horizon Europe programme, especially startups and SMEs with female CEOs.
Applying for the EIC Accelerator: Steps and Requirements
You can download the 155-page EIC Work Programme from the website.
https://eic.ec.europa.eu/eic-funding-opportunities/eic-accelerator_en
Those who wish to apply for the EIC Accelerator can do that any time through the EIC official platform.
In order to do this, each candidate has to present a video pitch, a slide deck and respond to a short set of questions. These questions are about your innovative idea and the team that currently works to develop it. After commission approval, candidates prepare a full application in around four weeks for Accelerator funding. Subsequently, experts assess the full application; if it meets criteria, candidates proceed to a face-to-face interview with the EIC jury. Notably, the EIC Accelerator Open funds innovations across all fields, while the EIC Accelerator Challenge targets impactful breakthroughs in Digital, Health, and Green Deal sectors.
Also,
Applications that meet all the criteria at the remote evaluation stage and are assessed positively by the EIC jury but not recommended for funding, will be awarded a Seal of Excellence to help them secure funding from other sources. Companies with a Seal of Excellence can also get support from EIC Business Acceleration Services. To be eligible for a Seal of Excellence you must give consent to sharing some basic information about your application with other funding and support organizations.
Who are the experts that will evaluate the projects?
A diverse panel of independent evaluators assumes the responsibility of classifying each proposal appropriately. These evaluators are meticulously selected to ensure that every proposal is matched with a knowledgeable professional possessing the required expertise in technology, sector, business, and finance. As a result, there are significant benefits for consulting for the EIC accelerator as consultants are able to guide you on how to standout amongst other applications.
During the initial two stages of the selection process, remote experts take charge of the evaluation. Subsequently, as the process advances, the EIC jury members assess the proposals.
The list of the EIC jury members is available here.
At EuGrantMe, we are passionate about fostering innovation and empowering ambitious minds to flourish. Our mission revolves around providing top-notch grant writing services for the EIC Accelerator and Horizon grants in Europe, enabling our customers to unlock the full potential of their groundbreaking ideas.
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