Library FAQ
What are key portfolio and funding figures for the EIC (budget, portfolio size, follow-on funding and KPIs)?
The EIC has a budget of over EUR 10 billion for 2021–2027, a portfolio of over 1 600 companies, more than EUR 10 billion in follow-on funding, and reported 7 010 publications (incl. 5 200 in peer-reviewed journals), 3 121 publications in high-impact journals,...
What are the projected market figures for quantum technologies mentioned in the report?
The report cites expected market growth from EUR 1.7 billion in 2021 to EUR 89 billion by 2040.
What emphasis will the EIC place on materials for energy and environment?
The EIC will emphasise technologies that eliminate the use of critical raw materials or ensure full reuse and minimal environmental footprint, and will support development from Pathfinder through Transition and Accelerator.
What innovation has C2C-NewCap developed?
C2C-NewCap developed an innovative hybrid supercapacitor that enables trucks to run 100% on electric energy during resting periods, eliminating idling and extending battery life.
What is ONWARD and what EIC funding did it receive?
ONWARD develops Brain-Spine Interface (BSI) technology to restore mobility for people with spinal cord injury; it received a EUR 3.6 million EIC Pathfinder grant in 2022 to integrate spinal cord stimulation with Clinatec’s WIMAGINE device and to fund clinical...
What is SparingVision and what funding did it raise following EIC support?
SparingVision translated pioneering science into vision-saving treatments; after EIC support (Aug 2019–July 2022) it raised EUR 60 million in Series A (Oct 2020) and EUR 75 million in Series B (Sept 2022), co-led by Jeito Capital and UPMC Enterprises, with par...
What is the EIC Seal of Excellence and how has it been used by member states?
The Seal of Excellence is awarded to high-quality proposals that did not receive EIC funding due to budget constraints to signal investment potential to governments and investors; for example, the Spanish Ministry of Science and Innovation allocated EUR 20 mil...
What is the Fast Track scheme with the EIT and an example of its impact?
A Fast Track scheme speeds up and reduces administrative burden for companies applying to the EIC Accelerator after EIT support; for example, ONOmotion received EIT InnoEnergy support, then a EUR 1.8 million EIC Accelerator grant and EUR 2 million in equity fr...
What is the TOPSQUAD project and its EIC support?
TOPSQUAD, supported by the EIC Pathfinder with over EUR 3 million from 2019–2023, aims to address qubit fragility and scalability to lay the foundation for universal quantum computing with applications in medicine, energy storage and climate modelling.
What is ThrustMe and how has the EIC supported it?
ThrustMe has developed alternative propellants for electric space propulsion and integrated solutions for intelligent in-orbit operations; it was founded in 2017 and has been selected for blended (grant and equity) EIC Accelerator support.
What scale is the global space industry and recent European startup funding figures cited in the report?
The space industry was valued at EUR 370 billion in 2021 and is expected to reach up to EUR 642 billion by 2030; European space startups raised EUR 1.9 billion in private capital.
Which notable quantum figures and companies are featured in the EIC portfolio?
The portfolio features two 2022 Nobel laureates in Physics (Alain Aspect and Anton Zeilinger) and three of the ten most highly valued companies in the EU: IQM, Alice & Bob and Pasqal.
How did the EIC support the COVID-19 response?
An extra €150m supported 36 Accelerator projects tackling the crisis; the EIC Hackathon engaged over 20,000 innovators from 141 nationalities and 2,000+ solutions; the EIC Matchathon brokered 2,235 partnerships; and CureVac received €80m support from the Commi...
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 validation and growth, the company raised €30m in private investment, grew from 1 to 80 employees,...
How does co-investing with the EIC Fund work and what are its benefits?
The EIC Fund manages equity or quasi-equity investments for Accelerator winners, offers private investors opportunities to co-finance innovative companies, applies rigorous evaluation to select companies, provides a one-stop shop for scouting, and seeks invest...
How does the EIC support green innovations and what are the portfolio numbers?
The EIC supports renewable energy, plastic recycling, circular economy and energy efficiency in buildings and transport; the green tech portfolio includes 1,600 companies, 50 Pathfinder projects, €1bn EIC funding and €1.15bn follow-up investments.
How prevalent is medical AI in the EIC portfolio?
EIC Pathfinder projects include medical AI, and there are 95 EIC Accelerator companies that are AI-driven health companies.
What are key EIC portfolio statistics for health and digital technologies?
Health: 1,265 companies, 125 Pathfinder projects, €1.3bn EIC funding and €2bn follow-up investments. Digital: 1,954 companies, 101 Pathfinder projects, €1.3bn EIC funding and €2.2bn follow-up investments.
What data sources and methods were used for the report’s investment and performance figures?
Private investment data were collected from Dealroom.co (covering about 85% of transactions); financial performance information came from obligatory company self-reporting and the Orbis database; Pathfinder patents and publications came from project reports an...
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 and CE marked a COVID-19 serology test.
What does the Corporate Partnership Programme do and what is its follow-up rate?
It bridges EIC innovators and large corporates via matching events and challenge-based collaboration; up to 25% of participating companies close follow-up deals after EIC events.
What does the Investors Partnership Programme offer and what follow-up do companies get?
It connects beneficiaries with 170+ investors through pitching events and collaborates with stock exchanges and agencies; up to 20% of participating companies have follow-up discussions with investors.
What examples of green energy and green tech innovations are in the EIC portfolio?
Examples include projects to increase solar and hydro efficiency, harness ocean waves and develop renewable fuels (artificial photosynthesis, hydrogen). Named organisations include Infarm, Hydrogenics, Innovafeed, AMR‑G Smart Water Meters, Microphyt, Arkyne Te...
What is EpiGuard’s EpiShuttle and how has it been used?
EpiShuttle is a flexible patient transport unit for safe transport of highly infectious patients that reduces PPE needs and maintains care through ports; it has been used by multiple European air forces and air ambulances for COVID-19 patient transport.