EIC Accelerator winners and statistics October 2022

The third and latest cut-off call of the EIC Accelerator for 2022 closed on October 5, with more than 1000 applications requesting funding, which means that this call has also been highly competitive. The results from the latest 2022 EIC Accelerator cut-off have been published:

• Selected companies will receive up to €470 million of funding (combining grants and investments),
• From more than 1000 proposals submitted, 240 reached the interview and 78 of them have been approved,
• In this last call, blended finance (57%) has also been the dominant funding type.

EIC Accelerator October 2022 statistics and success rates

This last cut-off has been more competitive since 1092 applications have been submitted, which shows an increase of 10.75% in the number of applications compared to the previous call, where 986 proposals were submitted.

From the 1092 applications, 240 reached the interview (21.98%) and only 78 of them have received funding (7.14% success rate). These 78 companies will each receive grants and/or equity investments, depending on their needs, up to €17.5 million. Being the EIC Fund already fully operational, equity investments are expected to be accelerated.

The success rates according to the financing type are as follows:

• Blended-finance: From 78 awardees, 44 of them will  receive blended finance (57%),
• Grant-first: it was the second most awarded financing as 21 successful applications requested grant-first  (27%),
• Finally, grant-only gathered 12 winners (16%).
• Only one single company has been awarded equity only finance.

Noteworthy, there has been an increase in grant first applications invited to the interview (35%) compared to the March and June cut-offs. The following chart summarizes the EIC winners October 2022 per application type:

In this cut-off, the geographic profile of the selected companies spread across 17 countries. The top 3 countries with regards to the number of selected companies are Germany (17%), Netherlands (14%) and France & Spain (12%), while Estonia, Iceland, Ireland, Israel, Norway and Slovenia (1,28%) are the are the countries with the fewest applications accepted. 

The table below shows the full list of winners including EyeScanner, and Chassis Autonomy, two startups that are revolutionizing the mobility landscape and with whom Strata has the privilege to be working on their soft funding strategies: