Everything you need to know about EIC funding

Myriad Associates’ Emma Lewis clarifies how Irish corporations can benefit from European Innovation Council grant funding in 2022.

Funding the hottest reducing-edge innovation is critical to keeping European competition on a world-wide stage.

Next a pilot that fashioned element of the previous Horizon 2020 programme, the European Innovation Council (EIC) is now set up as element of the EU’s Horizon Europe funding programme. With a €10bn finances, the EIC’s fund is vital in supporting activity-switching improvements from early-phase study, authentic globe validation, and commercialisation through to firm scale-up.

Future Human

Now in its very first total yr, Horizon Europe has a finances of €1.7bn for 2022.

EIC’s operate will build upon the progress designed in 2021 with some significant advancements:

  • EIC Accelerator equity investments over €15m are now feasible
  • At minimum 40pc of the EIC juries and EIC expert evaluators will be females, with the goal to access 50computer
  • The definition of ladies-led firms has been broadened to recognise the role of gals in govt board positions further than the main govt officer
  • There are provisions to enhance the amount of women of all ages-led tasks to be invited to the jury job interview phase
  • Subsequent the collaboration amongst the EIC and European Institute of Innovation & Know-how (EIT), a rapidly-track procedure has been established
  • Timelines for the rebuttal treatment have been clarified

Far more funding alternatives

EIC funding and help is organised into 3 main funding strategies: the Pathfinder programme, transition grants and EIC changeover issues.

Pathfinder

Pathfinder is for projects conducting state-of-the-art investigate to underpin scientific breakthroughs. In 2022, funding of €183m is available for the open up competitiveness and €167m for the challenges.

Grants of up to €4m, with 100computer system funding, are obtainable for each task. Consortia of three legal entities from a few member states are demanded for the open opposition, though single candidates or two-member consortia are feasible for the difficulties.

The EIC Pathfinder challenges recognized for 2022 are:

  • Carbon dioxide and nitrogen management and valorisation
  • Mid to prolonged-term programs-integrated electrical power storage
  • Cardiogenomics
  • Ongoing health care
  • DNA-centered digital information storage
  • Alternate approaches to quantum information processing, communication and sensing

The deadline for programs for the open up opposition is 3 Might although the difficulties are open for candidates up to 19 Oct.

Changeover grants

Apps are only qualified for transition grants if they establish on final results from a Pathfinder challenge, ERC Proof of Notion, or a project formerly funded beneath FET-Open (the precursor to Pathfinder less than Horizon 2020). These projects should really realize changeover toward particular purposes though also improving upon marketplace readiness.

The 2022 spending plan for this simply call is more than €131m: €70.86m for the open competitors and €60.5m for troubles.

The EIC transition challenges are:

  • Green digital equipment for the long term
  • Method and process integration of thoroughly clean electrical power systems
  • RNA-based therapies and diagnostics for intricate or unusual genetic illnesses

You can utilize for transition grants as both a one beneficiary or a modest consortium of two unbiased legal entities from two unique EU member states or involved nations around the world, or a consortium from a minimum amount of three and a highest of 5 independent authorized entities.

Apps for the open opposition near on 4 Might whilst challenges keep on being open up for purposes up to 28 September.

EIC Accelerator

In conditions of funds and scope, the most significant EIC instrument is the EIC Accelerator programme with a budget of €1.1bn in 2022.

The EIC Accelerator is a a few-phase software with grants of up to €2.5m for technological innovation enhancement and investments from €500,000 for commercialisation and enterprise scale-up.

EIC Accelerator jobs have a solitary beneficiary, with SMEs to smaller to mid-cap corporations eligible.

The 2022 funds for the accelerator is €630.6m for the open competitiveness and €536.9m for the troubles.

The EIC Accelerator troubles are:

The following reduce-off dates for full applications to the EIC Accelerator are 15 June and 5 Oct.

Funding achievement for Irish commence-ups

As a outcome of past year’s funding spherical, two Irish coordinators celebrated EU funding success among 42 some others.

Relevium Clinical, based in Galway and led by CEO Dr Alison Liddy, will obtain additional than €2m towards the advancement of a triple-action injectable cure for osteoarthritis.

Helixworks Systems, centered in Cork and led by CEO Nimesh Pinnamaneni, has been awarded extra than €3m to build its intelligent DNA knowledge storage.

These two companies had been the only two EIC changeover grant beneficiaries funded in Eire through 2021, and levels of competition was intense.

The funding will enable them acquire their breakthrough study from the lab into the real entire world.

“The EIC programme, as opposed to nearly any other, is focused on supporting innovators to advance breakthrough innovations in the lab to market,” mentioned Pinnamaneni. “My goal and the goal of Helixworks is to enable combine superior biotechnologies into culture in a manner that enhances social, economic and environmental sustainability.”

Myriad Associates served as EIC funding advisers to the two Helixworks and Relevium Health care. Its specialist advisers served craft their R&D grant funding apps.

“Helixworks and Relevium’s success is emblematic of the groundbreaking impressive perform getting area throughout Eire,” claimed Lauren Olson, senior expert for innovation grants at Myriad Associates.

“Success in a grant funding competitors is never ever guaranteed, but jobs with the ideal likelihood of successful EU funding merge novel technologies, sturdy IP security and a very clear business program in things to do that assistance Europe meet up with its strategic priorities,” she advised.

By Emma Lewis

Emma Lewis is a copywriter at Myriad Associates. With bases in the Uk, France and Eire, Myriad has more than a ten years of expertise in supporting providers to gain EU grant funding.

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