How does the EIC Fund approach valuation for equity investments?
Related FAQ
What is the EIC Accelerator?
The EIC Accelerator is an EU initiative under the European Innovation Council that provides blended finance to help breakthrough and high-risk innovations bridg...
What are considered strategic technologies for the EIC Fund?
Strategic technologies include those related to the EIC Accelerator Challenges in the EIC Work Programme, defined as critical technologies and technology roadma...
Which sectors are ineligible for EIC Accelerator support?
Sectors excluded by the EU Financial Regulation including Article 136, restrictive measures under Article 215 TFEU, and sectors incompatible with the ethical an...
Who are the beneficiaries of the EIC Accelerator?
Beneficiaries are innovators, start-ups, for‑profit SMEs and small mid‑caps seeking to bring innovations to market deployment and scale‑up.
What is the ceiling for ‘grant first’ support for pre-TRL 9 activities?
Where initially requested by the beneficiary, ‘grant first’ support for pre-TRL 9 activities cannot exceed EUR 2.5 million, except that in the case of a full bl...
What TRL range does the EIC Accelerator support cover?
Starting at the earliest at TRL 5 and up to TRL 9.
What does EIC Accelerator support consist of?
Support consists of EIC blended finance, a mix of grant and investment. For small mid‑caps it may consist only of an investment on a co‑investment basis.
What is Bucket 2 (Co-investment opportunities identified)?
Bucket 2 includes cases where potential investors show immediate interest in co-investing into EIC selected companies, with the EIC Fund seeking that its equity...
What components can EIC Accelerator support include?
A grant component for TRL 5–8 activities (up to 70% of those activities' costs) and an investment component which may be convertible instruments, quasi-equity,...
Who implements the EIC, the EIC Accelerator and the EIC Fund?
They are implemented under the operational lead of the European Innovation and SME Executive Agency (EISMEA) by delegation of the European Commission.
How does the EIC Fund handle blocking minority protections in co-investments?
Where awarded support is conditioned on the EIC Fund acquiring a blocking minority, the EIC Fund may opt to substitute a direct blocking minority with a shareho...
What is the typical initial investment size from the EIC Fund?
Between EUR 0.5 million and EUR 15.0 million per company, without prejudice to Work Programme provisions that may allow higher amounts in specific cases.