Deals Counterparts

EIC Accelerator

company 1 Deal 1 Partner

The EIC Accelerator is a European Commission program that supports deep-tech startups and SMEs with breakthrough innovations. It provides blended finance (grants up to €2.5M and equity investments up to €15M) through the EIC Fund, alongside business acceleration services, to help scale high-risk, high-impact innovations across Europe and beyond.

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Founded 2021 Parent: European Commission
Government Funding ProgramLenderInvestor

Strategic Overview

  • The EIC Accelerator targets 'deep-tech' innovations, which are often based on scientific discoveries or engineering breakthroughs and have the potential for significant societal and economic impact, including in infrastructure.
  • It provides a unique blended finance model, combining grants and equity, which is particularly attractive for high-risk, long-term development projects common in infrastructure innovation.
  • The program focuses on scaling up European SMEs and startups, aiming to create global champions in strategic technology areas, including those critical for energy transition and digital infrastructure.
  • Beyond funding, the EIC Accelerator offers business acceleration services, including coaching, mentoring, and access to investors and corporates, which is valuable for early-stage infrastructure innovators.

Deal Activity from Public Sources

EIC Accelerator awarded blended finance to 53 deep-tech start-ups, including those in energy and digital sectors.
Financing Energy Transition, Digital Infrastructure Europe October 2023
EIC Accelerator awarded blended finance to 42 deep-tech start-ups, with a focus on energy, digital, and health.
Financing Energy Transition, Digital Infrastructure Europe July 2023
EIC Accelerator awarded blended finance to 75 deep-tech start-ups, including those in energy and digital sectors.
Financing Energy Transition, Digital Infrastructure Europe April 2023
EIC Accelerator provided funding to Verkor for its battery gigafactory project.
Financing Battery Storage France July 2021 with Verkor
EIC Accelerator provided funding to Enapter for its AEM electrolyser technology for green hydrogen production.
Financing Green Hydrogen Germany July 2021 with Enapter

Investment Focus

Technologies
Other1
Geography
France1

Track Record

460
Deals Completed
3
Years Active
€B2.6M
Total Value
Notable projects: Funding for Verkor (battery gigafactory), Funding for Enapter (green hydrogen electrolysers), Funding for Hardt Hyperloop (hyperloop technology)

Detailed Analysis

Technologies
Solar PVOnshore WindOffshore WindBattery StorageGreen HydrogenTransmissionEV ChargingDigital InfrastructureSustainable TransportSmart Cities
Sectors
Energy TransitionDigital/TelecomTransportUtilities
Geographies
Western EuropeNordicsCentral & Eastern EuropeSouthern EuropeIsrael
Deal Stage
GreenfieldR&DPilot/Demonstration
Deal Structure
Grant FundingEquity Investment

Portfolio Companies

Verkor — Battery StorageEnapter — Green HydrogenHardt Hyperloop — TransportHysytech — Green HydrogenSunRoof — Solar PVIneratec — Green HydrogenExodigo — Digital/Telecom
Track EIC Accelerator