EIC selects 56 early stage deep tech projects for up to €168 million in Pathfinder grants

Brussels, November 18th 2021
Summary
  • The European Innovation Council selected 56 projects under the EIC Pathfinder Open call and allocated up to EUR 168 million in grants.
  • The awards are intended for early stage, high-risk high-gain research aimed at radical technology breakthroughs across health, environment, energy, computing and AI.
  • Projects were chosen from 868 evaluated proposals with a low overall success rate and a participant base dominated by higher education and research organisations.
  • Selected teams will receive grants averaging about EUR 3 million and will also gain access to EIC Business Acceleration Services including coaching.

EIC channels research funding to science-towards-technology breakthroughs

On 18 November 2021 the European Innovation Council announced the first set of projects selected under the newly formed EIC. Fifty six proposals were chosen under the Pathfinder Open call for funding that backs bold, early stage research with potential to become radically new technologies. The EIC said the selected projects will share up to €168 million in grant funding. The average award is around €3 million per project.

What was selected and why it matters

The projects span a wide range of scientific and technological domains including health, environment, energy, computing and artificial intelligence. The EIC positions the Pathfinder programme as funding for high risk high reward and interdisciplinary research at low Technology Readiness Levels typically between TRL1 and TRL3. The aim is to finance the scientific and technical work that could underpin future disruptive technologies.

Selection statistics:Fifty six projects were selected from 868 evaluated proposals. The total potential EU contribution announced is up to €168 million. That implies an overall selection rate of about 6 percent and an average grant around €3 million per project.
Geographic and institutional distribution:The highest number of selected applicants came from Germany, Italy, Spain and France. The majority of participants are higher education and research organisations. Small and medium sized enterprises account for approximately 16.5 percent of participants in the selected projects.

How the EIC Pathfinder funding works

Purpose and scope of Pathfinder grants:Pathfinder supports exploratory work aimed at radically new technologies. Grants are intended for the earliest stages of development up to proof of concept. Typical activities fall at low TRLs where the scientific basis must be developed before technology scale up is meaningful.
Grant sizes and follow-up options:The Pathfinder Open awards typically reach up to around EUR 3 to €4 million per project. As part of the full European Innovation Council architecture, successful Pathfinder projects may interact with EIC Programme Managers, obtain additional small-scale funding to test innovation potential, and access portfolio-level actions. Promising results can be channelled into EIC Transition funding to prepare for commercialisation or use the Fast Track route into the EIC Accelerator to pursue market introduction.
Business Acceleration Services:Beyond grants, selected teams will receive access to EIC Business Acceleration Services. Those services include tailored coaching, mentoring, networking and help with market and investor readiness. The EIC emphasises this package as part of a pipeline approach intended to increase the chance that early stage science can lead to companies and products in Europe.

Context and critical considerations

The Pathfinder format addresses a recognised gap in innovation funding by targeting very early stage and high risk research that is not yet attractive to traditional investors. However the small share of SMEs among participants highlights a persistent challenge in translating laboratory breakthroughs into industrial activity led by companies. Grants at the TRL1 to TRL3 stage are useful to develop foundational science. They are not a substitute for the larger and more complex commercialisation funding and patient private capital that are needed to scale deep tech.

The selection rate implied by the figures is low. This is typical of competitive research calls but it also means many high quality ideas will remain unfunded. The EIC’s additional measures such as coaching and programme manager interactions are intended to reduce the so called valley of death between research and commercialisation. The true test will be how many of the Pathfinder projects secure follow on funding, spin out into companies and reach markets. That will depend on the availability of transition grants, investor interest and the maturity of national innovation ecosystems supporting scale up.

Representative projects and thematic spread

The selected portfolio demonstrates the programme's ambition to cover a broad remit. Projects include quantum devices, advanced imaging and diagnostics, novel materials and manufacturing processes, energy conversion and storage concepts, biofabrication and synthetic biology, and new computing paradigms. The diversity is intentional because Pathfinder Open has no predefined thematic priorities and accepts proposals in any scientific or technological field.

Project nameCoordinating organisationCountryRecommended EU contribution
ThermoDustTrinity College DublinIE2 726 390
VortexLCVrije Universiteit BrusselBE3 014 376
TwistedNanoUniversita degli Studi dell'AquilaIT3 197 927
NEUROSENSEI3S - Instituto de Investigação e Inovação em Saúde da Universidade do PortoPT3 745 350
BIOMET4DFundacion IMDEA MaterialesES3 439 542
OpenMINDDTUDK2 992 204
QuCoMUniversity of SouthamptonUK2 753 179
EcoPlastiCAthlone Institute of TechnologyIE3 045 503
QUSTomBarcelona Supercomputing CenterES2 959 999
MSGUIDEHelmholtz Zentrum MünchenDE3 538 468

The table above shows a sample of projects from the selection to illustrate geographic reach and subject matter. The EIC publishes a full list of awarded projects on its website for those seeking details on all 56 awardees.

Implications for the European innovation ecosystem

The Pathfinder awards are an early operational milestone for the EIC since its formal launch in March 2021. The emphasis on high risk high reward science aligns with European policy goals to build strategic technological autonomy and domestic capacity for future industries. If the EIC can consistently shepherd early discoveries through Transition funding and into private investment, it could help reduce Europe's dependence on external technology suppliers in critical areas.

That outcome is not guaranteed. The path from funded research to a viable company is long and costly. The ability of the EIC to catalyse private investment and to coordinate with national and regional funding sources will be decisive. The limited representation of SMEs in the selected cohort suggests that further policy work may be needed to connect academic research teams with entrepreneurial and industrial partners capable of taking technologies to market.

Practical next steps for awardees and stakeholders

For awardees:Expect grant contracts and onboarding to the EIC Business Acceleration Services. Use coaching and networking to test commercial hypotheses and to prepare for potential Transition funding or the Fast Track into the EIC Accelerator.
For investors and corporates:The Pathfinder cohort offers an early window into nascent technologies. Investors should treat these projects as long horizon R D opportunities requiring staged investment. Corporates seeking strategic innovation may use the EIC pipeline to identify potential partners and pilots.
For policy makers and funders:Strengthening pathways between research organisations and SMEs together with accessible follow on finance will be important. National and regional programmes need to be aligned with EIC instruments to increase the conversion rate from scientific breakthroughs to commercial products.

Where to find more information

Detailed information including the complete list of funded projects, selection statistics and guidance on the EIC Business Acceleration Services are available on the European Innovation Council website. For applicants and third parties the EIC also provides information on access to National Contact Points, the Funding and Tenders Portal and rules related to grant preparation and contracting.