Library FAQ
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.
What is the CResPace project and its main innovation?
CResPace develops adaptive pacemakers based on central pattern generators and invented artificial neurons on silicon chips that behave like real neurons, enabling new therapies for cardiorespiratory and functional neurological diseases through interdisciplinar...
What is the EIC Community?
The EIC Community is an exclusive virtual meeting place with a directory of over 5,700 EIC companies and 440 research teams, a community forum, event tools, and a marketplace to announce innovation challenges.
What is the purpose of the Buyers Partnership Programme?
It connects EIC innovators with public and private buyers through early market consultation and procurement scouting days to help overcome procurement barriers for start-ups.
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 present before, 29% received scientific awards, 33% had at least one publication with industry partners, 2...
What outcomes did GENESINK achieve after EIC support?
After EIC support, GENESINK secured BAS access, the CEO won an EIC pitching contest and obtained funding from Rise Tide 3, and the company started a partnership with L’Oréal following an EIC Corporate Day.
What services are provided by EIC Business Acceleration Services (BAS)?
EIC BAS offers tailor-made coaching, mentoring, expertise and training; access to global partners (corporates, investors, procurers, distributors and clients); and connections to innovation ecosystem partners and peers, leveraging a network of 5,700+ quality-s...
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 (26%), innovation and industry specialists (29%), entrepreneurs (24%), business angels and others (21...
Can you give examples of EIC-backed digital/quantum and robotics companies?
IQM (Finland) received €2.5 million in grants and €15 million in investment to commercialise superconducting qubit and quantum processing technologies (developing the Prometheus 1,000-qubit computer). Indoor Robotics Ltd (Israel) received €2.5 million in grant...
How does the EIC measure progress and impact (KPI highlights)?
The KPI framework (developed in 2020) monitors short-, medium- and long-term impact. Examples: KPI1—90.44% of EIC Accelerator companies addressed at least one SDG in 2020; KPI2—market capital multiple of following investment was 3.4 for 2015 and 2.4 for 2016;...
How does the EIC monitor innovations generated by Pathfinder projects?
The EIC uses the Innovation Radar methodology to monitor innovations generated by EIC Pathfinder projects.
How does the EIC support digital technologies and Industry 5.0?
The EIC portfolio includes start-ups, scale-ups and projects in high-performance computing, edge computing, quantum technologies, cybersecurity, AI, blockchain, cloud technologies and IoT; of the 93 centaur companies in the EIC portfolio, nearly 50 are in the...
How innovative are the Pathfinder innovations and what is their time to market?
About 60% of the identified innovations are considered highly innovative; in 50% of cases the time to market is less than five years; almost three quarters have potential to create new markets or target emerging markets, and in around half the cases there is n...