EIC ACCELERATOR

You are ready for the EIC Accelerator (SME Instrument Phase 2) when you know that your project is feasible and what your target market looks like. In addition, you already have a working prototype / demonstrator that requires only minor further development. In the next two years, your focus will be on optimization, the development of a commercialization strategy and the start of the market launch.


Do you want to know what changed since end of 2019?




What is eligible for funding?

On the one hand, necessary work steps towards a product that is ready to conquer the market funded:

  • Construction of demonstrators and testing with customers
  • Clinical studies, work on obtaining approvals
  • Up-scaling, miniaturization, revision of design and construction
  • Adaptation to different market requirements in different EU countries

On the other hand, activities are also supported to develop a commercialisation and financing strategy with regard to market introduction:

  • Development of sales structures and a sales team, establishment of sales partners
  • Development of a price model
  • Development of a marketing and communication strategy and associated measures
  • Detailing the Business Plan
  • Evaluation of the financing requirements and approach of potential investors

How is funding provided?

  • The funding amounts to 0.5 to 2.5 million €. At the beginning of the project you will receive pre-financing of up to 55% of the funding amount, a further 30% after your interim report and the remaining amount after your final report.
  • In addition, you will receive coaching and mentoring measures of up to 12 days.
  • Admission to the Business Acceleration Services is also part of the sponsorship.

The EU covers 70% of your total project costs.

These are structured as follows:

   Personnel costs (person months x gross salary)
+ Travel expenses (to customers, trade fairs, partners, ...)
+ Materials (e.g. for production, tests, marketing, certifications, training, ...)
+ Equipment (depreciation during the project)
----------------------------------------------------------------
= direct project costs

+ Overhead rate (surcharge of 25% of the direct project costs)
+ External services (costs for external service providers)
====================================
= Total project costs

Funding: 70% of the total project costs


When are the next deadlines?

Deadlines 08.01.2020 18.03.2020 19.05.2020 07.10.2020
Interviews 17.-21.02. 11.-20.05. 29.06.-08.07. 16.-20.11.

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