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 The EIC Accelerator is the most impactful and coveted funding instrument that the EC has at its disposal to fund high-risk deep-tech innovation. The funding decisions made by the EIC in the coming years will durably shape the future of European deeptech, with €7 billion currently allocated to the EIC Accelerator to fuel the next European champions in strategic domains such as quantum, bioinformatics, high-performance computing, cybersecurity, cleantech, healthcare, etc.
As part of the revamp of the EU Multiannual Financial Framework (MFF) presented in June by the European Commission, the EIC is now in line for an extra €2.6 billion for the Accelerator programme to provide, via the EIC Fund, additional equity funding of €15-50 million to support scale-up of companies in three strategic areas: deeptech, cleantech and biotech. The EAIC commends the European Commission for this proposed reallocation of budget as access to sufficient capital post-initial funding will allow the selected scale-ups to continue their R&D efforts, scale their operations, and maintain a steady growth trajectory without resorting to non-European investors. However, early-stage startups are not targeted by this new EIC Fund compartment: they will have to rely on the normal EIC Accelerator budget, which will see a significant decrease in 2024, from €1.09 billion in 2023, to €563 million in 2024 available for new EIC Accelerator laureates. Comments are closed.
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