Additional €150 million for corona-related EIC projects
The European Innovation Council (EIC) Accelerator Pilot will work with an extra €150 million to support innovations to tackle the coronavirus crisis. The additional budget, approved by Member States and the European Commission, will fund the best start-ups and SMEs who applied under the March cut-off. The Commission will also award special Seals of Excellence to high quality coronavirus relevant applications that cannot be funded with this €150 million in order to support their financing from other sources. Companies selected for EIC support will be announced in late May.
A record number of close to 4,000 start-ups and SMEs applied to the EIC Accelerator pilot in March - over 1,000 of which have innovations relevant to the coronavirus outbreak. Remote evaluation of all the applications have been completed, and the highest ranked applications are being invited for live interviews from 11 to 20 May 2020, where experts in specific coronavirus-relevant fields have been specially recruited to help select the strongest proposals.