What is the EIC's wider ambition for the European innovation ecosystem?
Related FAQ
How did Ultraleap benefit from EIC support?
Ultraleap developed touchless ultrasound haptic technology first through ERC starting and proof-of-concept grants; the EIC SME Instrument (€1.5m) enabled market...
What proportion of applicants passed the EIC Accelerator's strict evaluation in 2019?
Around 2–3% of applying companies got through the strict evaluation in 2019.
Who is Mariya Gabriel in relation to the EIC report?
Mariya Gabriel is the Commissioner for Innovation, Research, Culture, Education and Youth and authored the introductory statement in the report.
What did Blusense Diagnostic achieve with EIC support?
As a MedTech spin-off from DTU, Blusense received an EIC feasibility study and a €1.9m EIC Accelerator award, grew from 4 to over 50 employees, and developed an...
How long does it take for applicants to be informed of EIC Accelerator results and to receive the first grant payment?
Applicants are informed about the result within one month and receive the first part of their grants within five months on average from the application date.
What is the European Innovation Council (EIC) Pilot?
The EIC Pilot (2018–2020) is a Commission initiative to identify, support and accelerate breakthrough technologies and game-changing innovations, tested ahead o...
What key impacts did the FET Traces study find for FET projects?
Analyzing 224 FET Open and Proactive projects (2007–2014), the study found 36% impacted more than 20 scientific fields, 83% dealt with research ideas not presen...
What additional steps are taken for the equity part of blended finance?
Additional due diligence is undertaken by the EIC Fund to structure the investment.
What are the two main funding schemes of the EIC Pilot covered in the report?
The EIC Pathfinder, supporting early applied research, and the EIC Accelerator, supporting commercialisation and scale-up.
Who evaluates EIC proposals and what are the benefits of becoming an evaluator?
Pathfinder evaluators were mainly from academia (52%), research organisations (24%) and private firms (6%); Accelerator evaluators include venture capitalists (...
What types of support does the EIC offer to SMEs?
Grant-only support for any type of innovation and blended finance (grant plus equity/quasi-equity) for breakthrough and disruptive non-bankable innovation.
What funding does the EIC Pathfinder provide and who is it for?
The Pathfinder provides grants up to €4 million targeting breakthrough research projects exploring radically new areas with market-creation potential.