EIC Accelerator 2024 - Short application
The EIC Accelerator 2024 - Short application program is a unique EU funding initiative designed to help deep tech innovations from SMEs and small mid-caps scale up. It provides a blend of grant and equity funding, alongside crucial business acceleration services, to overcome the significant financial risks and long timeframes typically associated with breakthrough technologies. The program aims to act as a catalyst, attracting further investment needed for market-disrupting innovations.
Who is Funded by EIC Accelerator 2024?
The EIC Accelerator 2024 - Short application program is designed to support innovative companies and individuals aiming to scale up high-impact innovations. The funding is available to Small and Medium-sized Enterprises (SMEs) and small mid-caps established in EU Member States or Associated Countries, with specific provisions for natural persons or legal entities looking to establish or relocate such companies. The program's core objective is to foster the growth of deep tech innovations that can create new markets or significantly disrupt existing ones.
What is Funded
The EIC Accelerator provides funding for innovative projects across a broad spectrum of technological and application areas, including both open calls and specific challenges in strategic technologies. It supports projects in their later stages of development, specifically those that have already achieved a high level of technological maturity.
Type and Scope of Funding
The EIC Accelerator offers a hybrid funding model, combining grants and equity investments, with substantial financial support ranging from EUR 0.5 million to EUR 17.5 million. This flexible approach is designed to cater to the diverse needs of high-potential deep tech innovations, although specific project durations are not defined.
Conditions and Requirements
Applying to the EIC Accelerator involves adherence to specific conditions and requirements, including strict rules on proposal submission, eligibility, and capacity, which are further detailed in the official EIC Work Programme 2024. The program primarily supports single company applications and does not explicitly detail consortium formation rules or de minimis aid regulations in this document.
Application Procedure
The application process for the EIC Accelerator is a multi-stage, competitive procedure involving initial short proposals, followed by full proposals, remote evaluations, and final interviews with an EIC Jury. Successful applicants then proceed to grant negotiation and due diligence for the investment component.
Legal Basis
The EIC Accelerator program is grounded in a robust legal framework, primarily authorized by the EIC Work Programme 2024. Its operation is further governed by broader European Union financial regulations and general annexes, ensuring compliance and transparency. Official texts for all foundational documents are made publicly accessible.
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Funding Overview
Funding Status:
Closed
Maximum Amount:
17,500,000 €
Allocated Budget:
Annual Budget: 675,000,000 € (for 2024)
Award Channel:
Framework Programme Call
Region:
EU Member States and Associated Countries. Applicants from the United Kingdom can apply but are restricted to 'grant only' funding.
Sectors:
Information and Communication Technology, Renewable Energy, Food Processing, Healthcare, Research and Development, Other
Application Type:
Single Applicant
Funding Stages:
Experimental Development, Scaling
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
EIC Business Acceleration Services
Website: