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EIC Accelerator - January 2023 Results

The results for the EIC Accelerator’s January 2023 cut-off:

  • 32 companies have been selected for funding.
  • 53% of applicants have been selected to receive €159 million in the form of blended finance.
  • The total requested budget by the 32 companies is €196 million.
  • The success rate for full applications was 6.7%.
  • This first cut-off in 2023 did not include the EIC Accelerator Challenges.

The...

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EIC - Strategic Goals and KPIs

Following the suggestions from an independent report written by the EIC pilot Advisory Board, the EIC has implemented a series of goals and key performance indicators (KPIs). Specifically, the EIC now recommends six strategic goals with accompanying KPIs.Key recommendations from the independent report:“fast[er] feedback based on a short, simple application which [applicants] can easily complete...

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EIC Fund - Explainer Series 4 (Investor criteria)

The EIC Fund is Europe's flagship blended funding programme, combining EC innovation grants with equity investments from private investors (typically VCs). The biggest programme of this kind in Europe with a substantial multi-annual investment budget. There is, however, a significant gap between its promise and current delivery.This is our series of Explainers, aiming to clarify key aspects of...

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EIC Fund - Explainer Series 3 (Convertible note)

The EIC Fund is Europe's flagship blended funding programme, combining EC innovation grants with equity investments from private investors (typically VCs). The biggest programme of this kind in Europe with a substantial multi-annual investment budget. There is, however, a significant gap between its promise and current delivery.This is our series of Explainers, aiming to clarify key aspects of...

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EIC Fund - Explainer Series 2 (Signing a Deal)

The EIC Fund is Europe's flagship blended funding programme, combining EC innovation grants with equity investments from private investors (typically VCs). The biggest programme of this kind in Europe with a substantial multi-annual investment budget. There is, however, a significant gap between its promise and current delivery.This is our series of Explainers, aiming to clarify key aspects of...

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EIC Fund - History of Issues with the EIC Fund

The EIC Fund was incorporated in June 2020 and operational in September 2020 during the EIC pilot phase (2018-20). Since the creation of the EIC Fund under the Horizon 2020 programme, 341 companies have been selected for equity investment in the form of blended funding or equity-only funding. However, only 89 of these companies have managed to sign a deal with the EIC Fund. Why do companies have...

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EIC Fund - Beneficiaries' Experience: Survey Results

At Winnovart, we are currently researching the impact of blended funding programmes on the European innovation & investment ecosystem. We believe that blended funding (mixing grants & equity investments) is the most interesting development in the European grants-funding ecosystem for many years, promising to reshape its future.

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EIC Fund - Explainer Series 1 (EIC Fund)

The EIC Fund is Europe's flagship blended funding programme, combining EC innovation grants with equity investments from private investors (typically VCs). The biggest programme of this kind in Europe with a substantial multi-annual investment budget. There is, however, a significant gap between its promise and current delivery.This is our series of Explainers, aiming to clarify key aspects of...

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EIC Accelerator - Statistics & Insights (June 2021-June 2022)

In 2022, €1+ billion in grant and equity funding was made available to SMEs and small midcaps via the European Innovation Council (EIC) – the European Commission’s flagship innovation funding programme for the period 2021-2027. The EIC Accelerator programme helps high-risk, innovative SMEs and start-ups willing to develop and commercialise new products, business models, and services. These...

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EIC Fund - Investment Gap: Signed vs Selected Deals

The investment gap refers to the difference between the number of companies that have been selected for equity investment by the EIC Fund and the number of companies that have signed a deal. There is limited public information on the number of companies that have signed a deal with the EIC Fund under Horizon Europe. This data is available for companies that signed deals during the pilot phase...

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