EIC Accelerator

EIC Accelerator provides an excellent opportunity for small and medium sized enterprises (SMEs) to get financial support for product development, market entry and scale-up. It focuses in particular on innovations building on scientific discovery or technological breakthroughs (deep tech) and where significant funding is needed over a long timeframe before returns can be generated (patient capital).

Applying for the EIC Accelerator should be considered if your company:

  • has developed a novel technological solution with a superior value proposition
  • is tackling an important problem at European level
  • has tested and validated a prototype proving the benefits of the technology
  • can prove a strong market demand for the solution 

If you ticked all the boxes, then this is an opportunity for you. The funding covers activities taking you from the prototype to a full commercial uptake.

The EIC Accelerator is offered in two forms: grant only or blended finance that provides optional investment in equity in addition to the grant.

quick facts

€0.5 - 2.5 million grant
€0.5 - 15 million equity

Grant only

Product development, testing and piloting (TRL 5-8)
Funding: €0.5-2.5 million

Companies can apply for a grant only funding if the envisioned activities concern primarily technical innovation defined as Technology Readiness Level (TRL) 5-8. 

Funding rate of the grant only project is 70% with an own-financing of 30%. Project duration should be 2 years and the maximum grant is 2,5 million Euros.

Blended finance

Product development (TRL 5-8) + Commercialization and scale-up (TRL 9+) 
Funding: grant €0.5-2.5 million + equity up to €15 million

Companies also have the option to apply for blended finance support where, in addition to the grant, additional investment in equity is provided. The grant will finance activities TRL 5-8. Activities above TRL 8 can be financed through the equity part of the blended finance support. 

Applicants will be asked to indicate the amount requested for equity. The maximum investment in the form of equity is €15 million.

Our services

Our consultants will guide you throughout the whole project preparation process and be responsible for compiling a competitive proposal. This includes activities such as:

  • Project idea formulation
  • Structuring the work plan
  • Project budgeting
  • Market research and business plan compilation
  • Overall project management and administrative tasks

managing partner

Silver Toomla

Mobile: +372 5171 781
E-mail: silver.toomla@invent.ee

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