Successful applicants are invited to prepare and sign a grant agreement with the European Commission. The indicative date for signing the grant agreements is a maximum of six months from the date of the corresponding reduction. The EIC offers free coaching for the small and medium-sized enterprises it funds. When preparing your grant contract, you are asked to choose a free coach for your business. The EIC Accelerator system acts as a business accelerator. Thus, it offers winners additional business acceleration support and coaching services. The credits represent 500,000 to 2,500,000 euros in the form of a non-refundable grant and up to 15,000,000 euros via equity financing (i.e. financing requiring equity in exchange) to carry out the technical and commercial developments necessary to put innovation on the market. In total, mixed funding (i.e. the combination of the grant and equity) can provide up to 17,500,000 euros in financial assistance. In addition to Managing Grant, your project manager is your gateway to coaching and business acceleration Services.
You can get to the right coaches, the most useful events and help in related communication activities, especially through the EIC SME communication channels. To get started, visit the EMS Instrument Communication Toolkit, contact us on Twitter, LinkedIn and sign up for our newsletter. EIC Accelerator helps you develop your business concept into a marketable product, service or process, tailored to your company`s growth strategy. Activities could include, for example, testing, prototyping, validation, demonstration and real-world testing, and market replication. If the activity is primarily a technological innovation, a level of technological readiness (TRL) of 6 to 8 is provided for projects that require only grants. Projects will receive between 0.5 and 2.5 million euros in grants. You can claim a higher or lesser amount when submitting the application, but it must be properly justified. Project completion is expected to take 12 to 24 months, but may take longer in exceptional and justified cases. From 5 June 2019, the EIC Accelerator offers combined financing in the form of an optional investment in addition to the subsidy granted to for-profit SMEs. Grants are funded from TRL 6-8. May 19, 2020 – GREEN DEAL Theme Grant or Mixed Funding From the last reduction in 2019, applicants could apply for joint funding of a grant (up to 2.5 million euros) and equity (up to 15 million euros). Congratulations, you`ve been selected! What is going on? Here you will find useful information to prepare your grant contract, find a coach and launch your project.
Current projects may, in certain circumstances, require additional mixed funding, possibly combined with an increase in their grant. Please note that the UK officially left the European Union on 1 February 2020. Under the withdrawal agreement, applicants based in the United Kingdom are eligible for grants (including the EIC accelerator) until the end of the transition period on 31 December 2020. They are entitled to EU grants to implement their projects until the project is completed, including projects completed after the end of the transition period. However, candidates based in the United Kingdom will not be eligible for pilot equity assistance from 1 February 2020.