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.
Between 2018 and 2020 the EIC pilot will provide €2.7 billion to breakthrough, market-creating innovations.
This support is aimed at people and companies with ideas or innovations which
- are radically different from existing products, services or technologies
- are highly risky
- need additional investment to get to market
The SME Instrument is for small and medium-sized enterprises (SMEs – including start-ups) with a radical innovation that can disrupt established value networks and markets. The companies should have the ambition and potential to scale-up.
There are two types of grants
- concept and feasibility grants of €50,000 to assess the viability of an innovation
- demonstration, testing, piloting and scaling grants of up to €2.5 million with a 70% co-financing rate
The SME Instrument has a total budget of more than €1.6 billion for 2018-2020.
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.
Future and Emerging Technologies (FET) Open
FET Open offers grants of typically €3 million to promote collaborative, inter-disciplinary research and innovation on future and emerging technologies. These grants are for consortia of at least 3 entities.
FET Open also offers ‘FET Innovation Launchpad’ grants of up to €100,000 for short individual or collaborative actions to help turn the results of FET Open projects into innovations.
FET Open has a total budget of around €700 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.