The sme instrument for Horizon Europe

Since the deadline for Phase 2 on 9 October 2019, the SME instrument not only became an EIC Accelerator Pilot Phase, but also started with modified application documents and was supplemented by a blended finance option.

Here is a summary of the most important changes:

Blended Finance Option:

  • In addition to funding of up to 2.5 million €, companies can apply for a further 15 million € equity capital.
  • Equity capital is to cover work packages that are no longer funded (further than TRL 8).   
  • For this, the EU will acquire a maximum of 25% of the shares in the company through a silent participation and will not intervene in any decisions.
  • There will be a simplified due diligence for companies in the blended finance option.

Application only for individual companies:


  • From 9 October, SMEs are only able to submit individual applications.
  • Collaborative projects are therefore no longer possible in their original form.
  • Depending on the nature of the project, the partners' shares can still be included as subcontracts (we will be happy to examine this possibility for you).
  • For collaborative projects, the Fast Track to Innovation (FTI) offers a good alternative (no restriction to SMEs, 3 deadlines per year, up to  3 million  €funding, funding quote of 70-100%, 3-5 partners from at least 3 countries, time to market no longer than 3 years).


New application documents:

  • The pitch deck for the interview round in Brussels must be submitted directly - subsequent changes are now no longer possible.
  • New: extensive financial planning of the company, consisting of...
    1. A financial overview including income statement, cash flow and balance sheet
    2. Current financial data (debt, cash burn rate)
    3. The financing history (equity, loans, etc.)
    4. The ownership and share structure (founders, management team, investors, business angels, etc.)
    5. Current financial requirements (equity requirements, proposed post-money valuation, etc.)

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