83 top-class innovators selected for funding to reach the market faster under the European Innovation Council (EIC) pilot’s EIC Accelerator, previously known as SME Instrument Phase 2 and 291 companies will get funding under the Phase 1 of the programme. Companies under both phases will receive free coaching and business acceleration services to make the most of their funding. Discover all the companies in our datahub.
The European Innovation Council (EIC) pilot will support 83 small and medium-sized enterprises (SMEs) from 17 countries under the EIC Accelerator, previously known as SME Instrument Phase 2.
The total amount to be distributed between the SMEs working on 78 projects is € 148.7 million from the EU’s research and innovation programme, Horizon 2020. Each project will receive up to €2.5 million to finance innovation activities like demonstration, testing, piloting and scaling up.
The companies will also benefit from 12 days of free business coaching and acceleration services.
The projects selected include a new generation safe and environmentally-friendly light aircraft, an anti-bacterial textile for hospitals, a 3D audio software, motion planning technology for autonomous driving and a superbot for audio calls.
The European Commission received 1765 proposals in total. Further to an evaluation on paper, 174 candidates pitched their innovations to a Jury of professional investors, entrepreneurs and business experts that evaluated the solidity of their project and selected the 78 innovations for funding.
Spanish SMEs were the most successful with 12 companies selected for funding. They were followed by 9 companies from Switzerland and 7 businesses from Ireland. Most selected companies are active in the field of health, ICT and engineering.