First round of EIC Accelerator programme receives 1852 applications
Following the deadline on 9 October 2019, a total of 1852 applications were received for the EIC Accelerator programme which is the equity part of the European Innovation Council (EIC) pilot. In total, European start-ups and SMEs are requesting more than €5.2bn of financial support.
Almost 500 companies requested blended financing (grant and equity) totalling €2.8bn - with equity representing, on average, two thirds of the requested amount per application. Grant support of €2.4bn was requested from approximately 1,350 companies. More than 2/3 of the latter have mentioned their agreement for a possible counter-offer in terms of forms of financial support (i.e. blended finance).
Companies from Spain (228), Italy (173), Israel (164), Germany (142) and France (134) submitted the largest number of proposals, with Israel (80), Spain (78), France (37), Germany (35) and Italy (34) submitting the largest number of blended finance applications.TOP