Position Paper "EWGIC calls for an EIC Airdrop"

Will COVID-19 kill the EIC Accelerator?
Or will the EIC Accelerator be the medical ventilator of distressed European SME champions?

Download the position paper

We face the most serious healthcare crisis of the last 100 years, a crisis that is highly impacting all components of our economic infrastructure. Through the release of this new Position Paper, the EWGIC calls on the EU Parliament and European Commission to take immediate action, through implementing an EIC Accelerator Airdrop that can offer liquidity to start-ups and innovative SMEs affected by the current crisis.
 
This position paper focuses on SMEs and the role that the European Commission must play to protect them, via the Horizon 2020 EIC Accelerator programme.
The EWGIC has summarised the most urgent problems to solve, with regards to the EIC Accelerator Programme, highlighting the following challenges to address:

1. Oversubscription will have serious adverse effects on the programme unless the effort is made to increase budgets or curb the number of submissions,
2. evaluation criteria must be clarified to ensure fair treatment of all proposals,
3. running EIC projects must be protected, with additional pre-financing and simplified periodic reporting, and
4. it’s time for an #EICAirdrop !

The EC, along with EASME, REA and the EIB, all have a strong influence on the future of European SMEs, which is why the EWGIC now urges them to save our European SME champions.