What is the EIC Fund and when was it incorporated?
Related FAQ
What is the EIC Pathfinder?
The EIC Pathfinder funds cutting-edge, high-risk and high-reward research and innovation projects that aim to demonstrate completely new technological paradigms...
What is the purpose of the EIC Fund?
The EIC Fund bridges the financing gap for deep-tech companies by providing long-term capital as equity or quasi-equity to start-ups selected by the EIC Acceler...
What is the European Innovation Council (EIC)?
The EIC is Europe’s flagship innovation programme launched as a fully‑fledged programme in March 2021 (building on a 2018 pilot) to identify, develop and scale...
How many projects has the EIC Pathfinder funded since 2014 and in which fields?
Since 2014 it has funded 408 projects in Health, Digital/ICT, Energy and Environment, Manufacturing and Infrastructures, and Food and Agriculture.
How does the EIC connect its beneficiaries with investors?
Through pitching events, a database of more than 400 investors (including VCs and business angels), and collaborations with organisations and stock exchanges; 4...
When was the EIC launched and what preceded it?
The EIC pilot was launched in 2018 (seeds planted from 2014) and the fully‑fledged EIC was launched in March 2021 as part of Horizon Europe.
What is the typical composition of EIC Pathfinder teams?
Teams are transnational (from at least three different countries), involve mainly universities and research institutes as well as private companies and industri...
Which organisations does the EIC collaborate with to connect investors and start-ups?
The EIC collaborates with organisations and stock exchanges such as Nasdaq, Euronext, Innovate UK and Bpifrance.
What budget and institutional changes accompanied the EIC launch in 2021?
The 2021 launch involved a budget of over €10 billion, creation of the European Innovation Council and SMEs Executive Agency (EISMEA), a ramping up of the EIC F...
What level of grant funding does the EIC Pathfinder provide?
It awards grants of up to €3–4 million for trans-national collaborative projects.
What is the EIC Transition programme?
A programme that allows applications from ERC Proof of Concept researchers to help bridge scientific research and innovation communities.
What are the EIC’s main funding schemes?
The three main schemes are EIC Pathfinder (advanced high‑risk research), EIC Transition (turning research results into high‑impact innovation) and EIC Accelerat...