EIC Accelerator Open 2023
The EIC Accelerator Open 2023 is a European Union funding initiative designed to support the later stages of technology development and scale-up for deep tech innovations. It acts as a crucial catalyst, providing blended finance (grant and equity) to help companies attract the significant patient capital often required for breakthrough technologies to reach market and achieve rapid growth. This program is unique in its open, non-thematic approach, welcoming proposals from any field of technology.
Who is Funded
The EIC Accelerator Open 2023 targets single companies, specifically Small and Medium-sized Enterprises (SMEs) and small mid-caps, along with individuals and entities aiming to establish such companies in EU Member States or Associated Countries. This program aims to foster the scaling of breakthrough technologies, regardless of their thematic area.
What is Funded
The program provides support for advanced technological innovations, particularly 'deep tech', without focusing on specific sectors. Funding is geared towards later stages of development and market entry, covering costs associated with bringing these innovations to commercialization.
Type and Scope of Funding
The EIC Accelerator Open provides substantial financial support through a blended finance model, combining non-repayable grants with equity investments to facilitate scale-up, with a total allocated budget for 2023 exceeding 1.1 billion Euros.
Conditions and Requirements
Applicants to the EIC Accelerator Open must adhere to specific application, financial, and operational conditions, including strict resubmission rules and guidelines for investment scenarios. The program primarily supports single applicants and emphasizes the importance of attracting co-investors.
Application Procedure
The application process for the EIC Accelerator Open is a structured, multi-stage procedure managed through an online platform, leading to evaluations and potential awards including the Seal of Excellence.
Legal Basis
The EIC Accelerator Open program operates under a robust legal framework established by the European Commission, ensuring transparency and adherence to financial regulations.
Similar Programs
Funding Overview
Funding Status:
Closed
Maximum Amount:
Up to 2,500,000 € grant, and up to 15,000,000 € equity investment. Higher equity investments above 15,000,000 € are possible in duly justified exceptional cases for strategic technologies.
Allocated Budget:
1,135,239,839 € for 2023
Award Channel:
Framework Programme Call
Region:
EU Member States, Associated Countries, and third countries (provided the company establishes or relocates to an EU Member State or Associated Country).
Sectors:
Other
Application Type:
Single Applicant
Funding Stages:
Experimental Development, Prototyping, Pilot Testing, Product Development, Market Introduction, Scaling, Commercialization
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
EIC Fund
Additional Partners:
European Investment Bank (EIB) as investment advisor, external fund manager for EIC Fund, implementing partner for investment component
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