Green Deal innovations for the Economic Recovery
The EIC Accelerator Challenges program, specifically 'Green Deal innovations for the Economic Recovery', aims to propel high-impact deep tech innovations from European start-ups and SMEs. This initiative provides blended finance to scale up market-creating innovations that significantly contribute to the European Green Deal, fostering economic recovery through sustainable solutions. It prioritizes projects in key areas like renewable energy, deep building renovation, and low-carbon industries.
Who is Funded
The 'Green Deal innovations for the Economic Recovery' program targets innovative European companies and individuals committed to advancing sustainable solutions. It defines specific criteria for applicants and their geographical establishment, ensuring alignment with the EU's strategic Green Deal objectives.
What is Funded
This program specifically funds innovations that address critical environmental and sustainability challenges, focusing on a broad range of sectors and advanced development stages. It supports projects that drive the transition towards a greener, more sustainable economy across Europe.
Type and Scope of Funding
The 'Green Deal innovations for the Economic Recovery' program offers a hybrid financial instrument, combining grants and equity/loans. This flexible funding approach is designed to support high-risk, high-impact innovations with significant scaling potential, facilitating their journey from deep tech breakthroughs to market readiness.
Conditions and Requirements
Applicants to the 'Green Deal innovations for the Economic Recovery' program must adhere to specific eligibility, application, and ethical guidelines. These conditions ensure that proposals are robust, aligned with EU objectives, and transparent throughout the evaluation and implementation phases.
Application Procedure
The application process for 'Green Deal innovations for the Economic Recovery' follows a structured, multi-stage approach, leveraging an AI-based platform for submission and evaluation. This ensures a comprehensive assessment of innovative proposals from their initial concept to detailed business plans.
Legal Basis
The 'Green Deal innovations for the Economic Recovery' program is firmly rooted in the legal framework of Horizon Europe, ensuring its legitimacy and adherence to European financial regulations. Key documents like the EIC Work Programme and EU Financial Regulation govern its operations and funding mechanisms.
Similar Programs
Funding Overview
Funding Status:
Closed
Allocated Budget:
Total budget for 2021: 496,760,000 €
Deadline:
16.06.2021, 06.10.2021
Open Until:
Ongoing
Award Channel:
Financial Instruments
Region:
EU Member States and Associated Countries. UK applicants are eligible but can only receive 'grant only' funding, pending association negotiation.
Sectors:
Renewable Energy, Energy Production and Supply, Water and Waste Management, Transportation and Logistics, Information and Communication Technology, Agriculture and Agribusiness, Food Processing, Environmental and Climate Protection, Energy Production and Supply
Application Type:
Single Applicant
Funding Stages:
Market Introduction, Scaling, Commercialization
Funding Provider
Program Level:
European Union
Funding Body:
European Commission
Managed By:
European Innovation Council (EIC)
Additional Partners:
Enterprise Europe Network (EEN)
Website: