€243 million have been awarded to British companies in the form of grants. Between 2014-2022, nearly 500 companies have been successful in applying 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.
UK companies have access only to the grant component of EIC Accelerator funding. They do not have access to the equity investment / EIC Fund component. We hope that this will change following the introduction of the Windsor Framework NI protocol deal. This is expected to pave the way for the UK to fully rejoin the EU's £84bn Horizon programme.
EIC Funding Impact in the UK
Between 2014-2022, nearly 500 companies have been successful in applying for funding from Europe's flagship EIC Accelerator programme (previously called SME instrument under Horizon 2020). €243 million have been awarded in the form of grants.
British firms represent 8.3% of the successful applicants to this programme. 4.8% of the total funding awarded has been won by British firms. For comparison, Irish firms (representing 2.6% of all successful applicants) have won 4.4% of the total funding.
Read more: https://landing.winnovart.com/eic-fund-performance-in-the-uk
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