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16.12.20 Grants and equity – EIC Accelerator

The European Innovation Council (EIC) Accelerator (formerly ‘SME Instrument’) provides grants, optional equity and coaching to SMEs to help them develop and bring to market new innovative products, services and business models.

The EIC Accelerator pilot has a total budget of €654 million for 2020 – 89% grants, 8% equity, 3% for coaching.