How to find available funding
If you have a great idea or innovation but are not sure which funding scheme is right for you, the EIC wizard will help you find it.
A total amount of around €3 billion will be provided throughout the period 2018-2020 to fund the most talented innovators and help their companies scale up and expand beyond European borders.
EIC Pathfinder Pilot
The EIC Pathfinder Pilot comprises FET-Open and FET-Proactive and offers grants of up to €4 million to promote collaborative, inter-disciplinary research and innovation on science-inspired and radically new future technologies. These grants are for consortia of at least 3 entities from 3 different Members States and associated countries.
The scheme features ‘targeted calls’ based on topics or challenges identified in the Work Programme along with open bottom-up call for proposals. These topica include:
- Artificial Intelligence
- implantable autonomous devices and materials
- breakthrough zero-emissions energy generation for full decarbonisation
The EIC Pathfinder pilot has a total budget of around €660 million for 2019-2020.
EIC Accelerator Pilot
The EIC Accelerator Pilot builds on the SME Instrument Phase II and provides grant-only support as well as support in the form of blended finance (combining grant and equity).
The scheme supports high-risk, high-potential small and medium-sized innovative enterprises willing to develop and commercialise new products, services and business models that could drive economic growth and shape new markets or disrupt existing ones in Europe and worldwide.
Applicants for funding must be established in an EU Member State or a Horizon 2020 associated country. Following the cut-off date of 5 June 2019, only individual for-profit SMEs established in an EU Members State or a Horizon 2020 associated country will be able to apply for funding.
The EIC Accelerator pilot has a total budget of more than €1.3 billion for 2019-2020.
Fast Track to Innovation (FTI)
This scheme is for relatively mature ground-breaking technologies, concepts and business models which are close to market.
Proposals must come from consortia of 3 to 5 legal entities who want to see quick market uptake of new technologies. Grants of up to €3 million may be awarded.
- For-profit entities will receive 70% co-financing
- Not-for-profit entities will receive 100% co-financing
Fast Track to Innovation has a total budget of around €300 million for 2018-2020.
EIC Horizon Prizes
The EIC Horizon Prizes are awarded to whoever can most effectively meet a defined challenge, without prescribing how that challenge should be solved. These will boost breakthrough innovation across sectors by fostering cutting-edge solutions which bring major benefits to citizens and society.
Individual prizes amount to 5 or 10 million euro.
The total budget for EIC Horizon Prizes until 2020 is €40 million.