The European Innovation Council received 1211 full applications from start-ups and SMEs for the EIC Accelerator 3 October cut-off. It is the highest ever number of submissions since the launch of the EIC. All together, they request €8.875 billion budget. Blended finance continues to be in high demand – 898 companies (74% of total applicants) requested grants combined with equity investments.
32% of the proposals were submitted by women-led companies (CEO, CTO or CSO). The applicants come from 35 different countries (including 13 widening countries), with the highest number of participants coming from Germany, Israel, and France.