Horizon Europe is the next framework program to fund state-of-the art innovative projects. The EIC Accelerator is the flagship funding instrument under Horizon Europe for start-ups and SMEs with radically new ideas for rolling out marketable innovation solutions and breakthrough projects. Winning companies with ambitions to grow and scale up may get an opportunity to receive up to 15 M€ in equity investments and 2.5 M€ in grants.
Spinverse recently helped the Norwegian start-up sensiBel in securing the 2.5 M€ grant and 4.2 M€ equity from the EIC Accelerator instrument. The funding will assist sensiBel in their goal to finalise their product development and scale up the manufacturing of their unique optical Micro-Electro-Mechanical-System (MEMS) microphone. With the accelerated manufacturing, sensiBel will be able to satisfy the needs for better high-performance microphone technology in voice-controlled user interfaces, high-fidelity audio recordings and sound capture markets.
There is a multitude of opportunities in EU funding instruments for sustainable industries who are ready to reinvent and renew their business practices. Applying for EU funding is a long and competitive process but doing your homework will increase your company’s chances to succeed and reap the benefits of European collaboration for years to come. In this first part, we collected some key messages from a recent Business Finland webinar on European Union funding and collaboration.
Is your SME company one of the beneficiaries for the SME Instrument Phase 2? Now known as EIC Accelerator, this EU instrument has announced a complementary blended finance to those companies that have already secured grants for their project at Phase 2. This is a great opportunity for you if need an extra financial boost to your disruptive breakthrough project to achieve its final goal.