The European Innovation Council acquired 476 full functions from start-ups and SMEs for the EIC Accelerator 11 January cut-off. Blended finance continues to be in excessive demand – 290 firms (61% of whole candidates) requested grants mixed with fairness investments. 80 firms requested for grants solely and 103 firms utilized for grants first, with a chance of fairness investments at a later stage.
14% of the full proposals had been submitted by firms with feminine CEOs. The candidates come from 30 totally different nations, with the best variety of contributors coming from Israel (65), Germany (56), France (40) and Italy (33). 57 functions origin from widening nations.
Proposals are actually being evaluated by impartial consultants. Profitable firms will then be invited to pitch in entrance of a jury of traders and enterprise consultants in March, with choice selections anticipated in April.
Funding alternatives in 2023
It was the primary EIC Accelerator cut-off this yr, masking solely Open name for proposals. In 2023, the Accelerator presents €1.13 billion of funding in grants as much as €2.5 million and fairness investments from €0.5 as much as €15 million. Begin-ups and SMEs can apply for EIC Accelerator funding at any time by the EIC platform by sending a video pitch, a slide deck and responding to a brief set of questions on their innovation and the group. They obtain suggestions inside 4 weeks. If chosen, they’ll ship a full software by one of many periodic deadlines – 22 March, 7 June, 4 October 2023.