The EIC Accelerator pilot (SME Instrument) supports high-risk, high-potential small and medium-sized enterprises to develop and bring to market new products, services and business models that could drive economic growth.
The work programme 2018-2020 is looking for innovators with ground-breaking concepts that could shape new markets or disrupt existing ones in Europe and worldwide and so as of 5 June 2019, only ground-breaking concepts at the last stage before scale-up can be funded. However, for those meeting the requisites, substantial funding is available via this programme. (Eligiblity: For-profit SMEs, including young companies and start-ups, from any sector, established in an EU Member State or a Horizon 2020 associated country).
Proposals must be based on an initial business plan and outline the specifications of a more elaborate one, which will be the outcome of the project.
Grant only funding is provided (funding rate 70%) of between €0.5 million and €2.5 million. Under the blended finance option, the grant component is limited to €2.5 million combined with an equity component of up to €15 million. You can request a higher or lower amount, duly justified, when applying.
The final deadline for applications for Phase 1 is 5 September 2019. For more details and the link to apply see here.