27.3 C
Valletta
Thursday, 16 September 2021
HomeFocusFundsEIC Accelerator: the EU call for game-changing innovations

EIC Accelerator: the EU call for game-changing innovations

Malta Business presents the EIC Accelerator call, launched by the European Union to support individual small and medium-sized enterprises (SMEs), including start-ups and spinouts, to develop and grow game-changing, i.e. ‘revolutionary’ innovations compared to what is currently on the market.

The call also supports, in some cases, small mid-caps (up to 500 employees), as well as encouraging, in particular, applications from start-ups and SMEs with women in senior roles within them.

The EIC Accelerator provides financial support through
grant funding of up to €2.5 million for innovation development costs,
investments of up to EUR 15 million managed by the EIC Fund for the scale-up of the innovation.

In addition, companies selected by the EIC will receive coaching, mentoring, access to investors and corporates, and many other opportunities by joining the EIC community.

As with all the European Commission’s EIC instruments, the EIC Accelerator includes an open and flexible call for proposals, which does not define a priori thematic priorities in which to submit project proposals (‘Open Funding’), and a call with a challenge-driven approach (‘EIC Strategic Challenges’), which will instead fund projects in specific technological areas predefined by the European Commission.

In particular:
EIC Accelerator Open funds breakthrough innovations in any field of technology and application.
EIC Accelerator Challenge funds breakthrough innovations in the following areas
Strategic Digital and Health technologies, Green Deal innovations for the economic recovery, supporting innovations in line with the Green Deal objectives (in particular, limiting emissions by 2030 and achieving climate neutrality by 2050).

A total of EUR 592.5 million is available in 2021 for the open call, and a further EUR 494.76 million for challenge-driven calls.

The cut-offs for 2021 (for both Accelerator Open and Accelerator challenges) are:
9 June 2021
6 October 2021

Malta Business Agency offers a targeted support service for accessing European funds from the EIC Accelerator call. To request more information or advice please fill in the following form.

We are partners ofspot_img
spot_img
spot_img

Related articles

NGI: 2nd call launched for ONTOCHAIN project

From the current Internet standpoint, the way knowledge is generated, curated, shared and stored raises critical concerns about security, privacy, fair and equal distribution...

Women TechEU: supporting deep-tech startups led by women

Deep tech accounts for over a quarter of Europe’s start-up ecosystem, with European deep tech companies now valued at a combined €700 billion and...

Skills Development Scheme: new funds available

Malta Business Agency is offering advice and support to companies that are interested in participating in a new call promoted by the Maltese Government...

Funding focus
Discover the news in the dedicated section