EIC Accelerator - SME Instrument

                  Horizon Europe - Missions

• Adaptation to climate change including societal transformation

• Battling cancer

• Climate-neautral and smart cities

• Healthy oceans, seas, coastal and inland water

• Soil health and food

​           Horizon Europe - Info

• Submission by pre-defined calls

• Evaluation by independent specialists

• No IP restriction

• New: blended finance - Equity investment

Horizon Europe

• Goal: Bridge the gap between innovation and market take-up

• Tailor-made investment that fits the needs of the company and of the project

• Grant for  development & demonstration: up to €2.5M Grant

• Equity of up to €15M per company 

• Also provides: Coaching, Mentoring, Networking & Community

The EIC Accelerator

The Main Criteria

Excellence

The WOW effect

Focus on innovation

Stage of development (TRL)

Differentiation factors

Impact

Demand and willingness to pay

Competitiveness

Growth potential (revenue, P&L, etc.)

Commercialization plan

European dimension

Implementation

Company (R&D capabilities, Finance, Infrastructure)

The leading team

Work packages

Management scheme

The EIC Accelerator Evaluation Process

• EIC has a community of trusted VCs and investors

• EIB (European Investment Bank) acts as an investment advisor

• Due Diligence process focuses mainly on evaluating compliance and risk, Investment amount and structure, financial effort, business strategy & value creation

• Investment Advisor will be involved in the negotiation process and will do follow-ups afterward

• The company has the final say

Blended Finance - Equity Investment

• Due Diligence will be performed with the company's consent

• The EIC target minority ownerships stakes (10-25%)

• Will avoid holding majority stakes and control

• 4 types of investment scenarios

• Different Methods for the valuation: Multiples of Earnings, Fair Market Value, Book Value, Discounted Cash Flow, etc

• Various investment approaches: Common shares, Preferred shares, Convertible shares, etc

Due Diligence & Investment Structure

Annual Budget - EIC Accelerator

Evaluation Process

Types of Investment Scenario

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