Almost €1 billion in the form of grants, equity investments or blended finance were awarded to Nordic firms between 2014-2022. 885 Nordic firms successfully applied for funding from Europe's flagship EIC Accelerator programme (previously called SME instrument under Horizon 2020).
The EIC Accelerator programme helps high-risk, innovative SMEs and start-ups willing to develop and commercialise new products, business models, and services. These developments could potentially drive economic growth and influence new markets or disrupt existing European or global markets. The EIC Accelerator programme opens funding and investment opportunities worth over €1.13 billion.
EIC Funding Impact in the Nordics
Between 2014-2022, 885 companies were successful in applying for funding from Europe's flagship EIC Accelerator programme (previously called SME instrument under Horizon 2020). €993 million have been awarded in the form of grants, equity investments or a combination of the two: blended finance.
Nordic firms represent 15.1% of the successful applicants to this programme. 19.5% of the total funding awarded has been won by Nordic firms.
Read more: https://landing.winnovart.com/eic-fund-performance-in-the-nordics
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