How does the EIC Fund monitor and follow up investments?
Related FAQ
How does the EIC Fund proceed with investments in case 1?
The EIC Fund performs due diligence and proceeds in principle with the awarded investment using a combination of quasi-equity and equity on its standard terms,...
What is the EIC Accelerator?
The EIC Accelerator is an EU initiative under the European Innovation Council designed to bridge the financing gap (the “Valley of Death”) by supporting innovat...
What are the terms of the EIC Fund's first-tranche convertible loan?
The first tranche is generally the maximum of either 50% of the estimated EIC Fund investment or the unfunded cash needs over up to 18 months, provided as a con...
What is the role of the EIC Fund?
The EIC Fund implements the investment component of EIC blended finance awarded by the European Commission, raises investor interest to leverage co‑ and alterna...
What conditions apply to the EIC Fund's second tranche of investment?
The EIC Fund will in principle invest the remaining estimated amount in an equity round subject to private investors co-investing an amount fully matching the t...
Who implements the EIC Accelerator and supports the EIC Fund?
The EIC and the EIC Accelerator are implemented under the operational lead of the European Innovation and SME Executive Agency (EISMEA) by delegation of the Eur...
Will the EIC Fund take a board seat in investee companies?
Yes. When operating as a major investor the EIC Fund will ensure a Board Member seat in target companies and seek external mentoring.
How is the EIC Fund governed?
The EIC Fund is governed by a Board of Directors (five members appointed by the European Commission) which oversees investment strategy and decides on operation...
What is Bucket 2 (co-investment opportunities)?
Bucket 2 includes cases where potential investors show immediate interest in co-investing into EIC-selected companies. The EIC Fund seeks that its investment is...
Who is eligible to apply to the EIC Accelerator?
For‑profit SMEs (including start‑ups and early‑stage companies) and small mid‑caps from any sector, typically with a strong intellectual property component, est...
What is Bucket 3 (alternate investment opportunities)?
Bucket 3 includes cases where potential investors show immediate interest in providing the full investment into EIC candidate companies. The EIC Fund Board may...
What types of innovation does the EIC Accelerator support?
The EIC Accelerator supports deep‑tech (technologies based on cutting‑edge scientific advances requiring continued lab interaction), radical thinking and social...