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^EIC Accelerator Grant: An Essential Guide for Applicants

Q: How quickly can I get a decision on the EIC Accelerator Grant?

Initial decisions for the EIC Accelerator Grant are typically reached within 4-6 months of application submission, with funds available another 6-12 months following approval.

Q: What is the borrowing capacity of the EIC Accelerator Grant?

The EIC Accelerator Grant offers funding from €500,000 up to €17.5 million, combining grants and equity, based on project potential and scalability.

Q: Are there any fees or rates associated with the EIC Accelerator Grant?

Grants carry no interest, but equity funding may involve negotiable terms along with possible legal fees. Factors affecting rates include innovation degree and market reach.

Q: Who is eligible for the EIC Accelerator Grant?

Eligible applicants include innovative SMEs and startups from all sectors across the EU and the UK, focusing on high-risk, high-potential projects.

The EIC Accelerator Grant is a prestigious financial support initiative provided by the European Innovation Council aimed at empowering high-potential SMEs and startups across the EU, including the UK, to develop and scale innovative projects. This grant, offering both funding and equity components, facilitates breakthrough innovations that could disrupt markets, helping businesses to advance technological developments and upscale new services efficiently.

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What are the ^benefits of EIC Accelerator Grant?

The EIC Accelerator Grant provides non-repayable funding, fostering market-disruptive innovations along with potential large-scale equity investments. Eligible projects benefit from attractive borrowing terms, with minimal necessary borrowing starting at €500,000 and reaching up to €17.5 million through combined equity and grant offerings. Moreover, applicants experience streamlined application processes ensuring decisions are reached in under 6 months, harnessing our funding solutions.

Supports SMEs innovation

Access to funding

Promotes technological growth

What are the different types of EIC Accelerator Grant?

Grant-Only Funding

Grant-Only Funding assists innovative SMEs focusing on high-risk, high-potential projects, offering up to €2.5 million non-repayable grant support. Such grants typically require 4-6 months for approval.

Grant-Only Funding

This funding type benefits sectors such as tech like AI and renewable energies, allowing them to develop prototypes and advance technological prowess. The grant is non-repayable, boasting a decision-making time of 4-6 months post submission. Projects like advancing biotechnology or scaling novel services can particularly benefit from such funding opportunities.

Blended Finance (Grant + Equity Component)

For SMEs demonstrating strong market potential, Blended Finance offers a mix of grants up to €2.5 million and equity funding up to €15 million.

Blended Finance (Grant + Equity Component)

This grant and equity blend assists SMEs in accelerating commercialization and penetrating new markets. The initial process mirrors the grant application, succeeded by equity negotiations which extend timelines slightly. This solution is ideal for fintech innovations, industrial automation, and health tech projects, providing the financial flexibility necessary for significant market entries.

Standalone EIC Equity

Standalone EIC Equity offers up to €15 million, focusing on SMEs aiming for substantial expansion without initial grant components.

Standalone EIC Equity

High-growth SMEs can leverage between €500,000 to €15 million equity investments, with timelines tailored per investment complexity. Ideal for smart urban mobility and sustainable agricultural technology expansions, this allows emerging companies to upscale production capabilities and explore new international markets through dedicated equity support.

What is the EIC Accelerator Grant?

Application Process and Timescales

Applications require comprehensive project plans, robust business models, and detailed financial forecasts, which experts rigorously evaluate over 4-6 months. Successful applications see fund availability from 6-12 months post-approval, ensuring projects commence promptly with minimal disruptions.

Regulatory and Compliance Requirements

The EIC Accelerator Grant complies with stringent FCA regulations, particularly around equity financing. Our expertise ensures adherence to investor protection and financial transparency standards, critical for securing and managing funds effectively.

Borrowing Capacity and Rate Information

The EIC Grant offers significant borrowing capacity ranging from €500,000 to €17.5 million, influenced by project innovation potential and market impact. While grants remain interest-free, equity terms are negotiable, with additional legal fees potentially applicable based on your business’s unique needs.