Post by account_disabled on Feb 25, 2024 10:22:30 GMT
The at the same time they have a high level of risk - which makes it difficult to attract private investors - and a high development potential and also require the commitment of significant financial resources for a long time before they are able to generate a return. Who can take part in the competition? As a rule the competition is dedicated to entities from the SME sector. However the EIC Accelerator also leaves an opening for the so-called small mid-caps i.e. entities employing no more than employees. Small mid-caps are allowed to take part in the competition but they can only apply for the investment component and are excluded from subsidy support which we describe in more detail below.
It is worth emphasizing that EIC Accelerator is not limited to any specific industry it remains open to innovations from any area. Companies Country Email List must apply for funding independently it is not possible to implement the project in a consortium. What funding can you count on? As part of the competition you can apply for the so-called blended finance consisting of two components non-repayable subsidy grant - a maximum of EUR million for further development.
Research and development work up to a maximum of TRL level inclusive; the grant can finance up to of the project's eligible costs; capital investment - usually in the form of direct equity or quasi-equity from EUR . to EUR million in justified cases and after meeting the conditions specified in the competition documentation also above this amount in order to introduce innovations to the market or increase the scale of operations; the investment component is used to finance activities above TRL ; Some details need to be made regarding these general financing principles only SMEs can apply for a non-repayable grant SMEs can only benefit from subsidies grant only formula.
It is worth emphasizing that EIC Accelerator is not limited to any specific industry it remains open to innovations from any area. Companies Country Email List must apply for funding independently it is not possible to implement the project in a consortium. What funding can you count on? As part of the competition you can apply for the so-called blended finance consisting of two components non-repayable subsidy grant - a maximum of EUR million for further development.
Research and development work up to a maximum of TRL level inclusive; the grant can finance up to of the project's eligible costs; capital investment - usually in the form of direct equity or quasi-equity from EUR . to EUR million in justified cases and after meeting the conditions specified in the competition documentation also above this amount in order to introduce innovations to the market or increase the scale of operations; the investment component is used to finance activities above TRL ; Some details need to be made regarding these general financing principles only SMEs can apply for a non-repayable grant SMEs can only benefit from subsidies grant only formula.