Applicants to the EIC Accelerator go through a three-stage application process. Before the full application can be submitted, a short application consisting of a short description, pitch deck and short motivational video must be submitted to the EIC assessors. Only those who are positively assessed at this stage can proceed to the next stage, the preparation of the full application. The short application, step 1 in the application process, enables the EIC to make a pre-selection and increases the chances of those applicants who are allowed to submit a full application.
Once the short application has been approved, the full proposal is processed. This consists of a full project description, several annexes and a budget.
The full application consists of mandatory content and optional annexes. The following content must be submitted as part of the full application:
- Main part: Development of a comprehensive project description covering technological, financial, market and organisational aspects.
- Pitch deck: Presentation of your company and innovation (must be presented in the interview and cannot be edited in advance)
- Video pitch: short presentation of the company and elevator pitch; it is possible to use the video from the first application step.
- Freedom to Operate analysis: Presentation of own patents and other property rights; alternatively, a two-page statement on this topic must be submitted
- Data management plan: Information on the protection and dissemination of project data
- CVs of key personnel
- Comprehensive financial planning:
- Financial overview with profit and loss account, cash flow and balance sheet
- Current financial data (debt overview, cash burn rate and runway)
- Financing history (equity, debt, etc.)
- Presentation of ownership and shareholding structure (cap table)
- Presentation of funding requirements (equity, proposed post-money valuation, etc.)
Optional annexes can be used to clarify the application documents. It is important to provide only content that strengthen your application. Additional content can be structured as follows:
- Letters of Intent (LOI): These are particularly suitable for demonstrating project partnerships and to prove initial market traction. You have the option to include an unlimited number of LOIs.
- 10 optional pages, where you can give free rein to your creativity.
In the third step, candidates who have been successful with their full application will be invited to an interview. Interviews usually take place eight to nine weeks after the proposal deadline. During these interviews, applicants present their highly innovative, cutting-edge technology to a panel of around six jury members with either a technology or business background. Each interview consists of a 10-minute pitch and a 35-minute question and answer session. Results are usually available within two to three weeks of the interview phase.
Watch the video (part 1 and 2) to find out how to convince the EIC jury of your application in an interview.
With the new EIC Work Programme 2024, each applicant has a maximum of three attempts to submit an application. This also applies to proposals submitted via the Fast-Track- or the Plug-in Programme. After three unsuccessful submissions to the EIC Accelerator (regardless of the application step), an applicant cannot reapply under the current European Framework Programme for Research and Innovation "Horizon Europe".