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EIC Accelerator November cut-off
Published on: 21/11/2023
The European Innovation Council received 1083 full applications from start-ups and SMEs for the EIC Accelerator 8 November cut-off. Blended finance continues to be in high demand - 666 companies (61% of total applicants) requested grants combined with equity investments. 148 companies asked for grant only and 269 companies applied for grant first, with a possibility of equity investments at a later stage.
17% of the total proposals were submitted by companies with female CEOs. The applicants come from 39 different countries, with the highest number of participants coming from Germany, France, and Israel. 14% of applications originate from widening countries.
Proposals are now being evaluated by independent experts. Successful companies will then be invited to pitch in front of a jury of investors and business experts in January, with selection decisions expected by the end of February.
Funding opportunities in 2024
It was the last EIC Accelerator cut-off this year. New funding opportunities will be announced in the 2024 EIC Work Programme that is expected to be adopted mid-December 2023.
Source: EIC news