Comprehensive Overview of the EIC Accelerator and Its Support Mechanisms for High-Risk Innovations and Emerging Technologies
EIC Accelerator: Evaluating High-Risk Innovations The EIC Accelerator is a pivotal funding instrument designed to support high-risk/high-gain innovations poised for market entry and scaling. The evaluation process for proposals is characterized by its binary scoring system, categorized as GO/NO GO, which is conducted both remotely and during in-person interviews (refer to Section IV for detailed evaluation criteria). EIC STEP Scale Up: Funding for Promising Companies Complementing the EIC Accelerator is the EIC STEP Scale Up, aimed at assisting promising enterprises that are focused on developing critical technologies. This program is particularly beneficial for companies that have previously garnered EIC support, facilitating their efforts to secure more substantial funding rounds necessary for further business scaling (please see Section V for more insights). Policy of Open Access and Intellectual Property Rights In alignment with contemporary research practices, the EIC emphasizes a robust policy of open access alongside stringent Intellectual Property (IP) rights. For the EIC Pathfinder, specific provisions are instituted to guarantee open access to scientific publications, thereby promoting the uptake and dissemination of research findings (detailed information can be found in Annex 2 regarding open science). Facilitation of Cross-Fertilisation Among Projects The EIC is not merely about funding; it actively seeks to stimulate cross-fertilisation and the effective exploitation of results stemming from EIC-supported projects. Consequently, both EIC Pathfinder and EIC Transition projects may be subject to requests from EIC Programme Managers at any project stage, mandating them to share information related to their results, which may encompass preliminary findings. This initiative aims to foster collaboration and innovation within the EIC portfolio and beyond. Conclusion In summary, the EIC’s multifaceted support structure encompasses rigorous evaluation processes, funding opportunities for scaling, and a commitment to open access and collaborative exploitation of research results. As these initiatives continue to evolve, the EIC remains dedicated to nurturing innovation and empowering companies to thrive in competitive markets.