The EIC Accelerator blended financing, formerly known as SME Instrument Phase 2, provides grant and equity funding for small and medium-sized enterprises (SMEs) and startups in Europe. The provided funding can reach up to €17.5 million per project, and there are consultants available to help assess the project's chances of success and submit the proposal. Here are five key areas that can make a project stand out and increase its chances of receiving funding.

The EIC gives preference to certain industries and technologies that are in trend or gaining public approval. It is important to select a topic that has a high impact, is understandable to the evaluators, and can solve a problem that is significant and widely known.

A project must have an impressive technology that is unique, hard to copy, and designed to address the identified market pain point. A simple app or hardware device bought from external manufacturers is unlikely to receive funding.

The proposal should be clear and easy to understand for the evaluator. The EIC uses thousands of remote and anonymous evaluators who may not have expertise in the field. Therefore, the project should be complex enough to be impressive but not so complex that the evaluator does not understand how it solves the problems outlined in the application.

The proposal should have a clear and justified commercial strategy that includes distributors, their reach, and commitments from customers. The commercial plan should be outlined in Step 2 to prepare for the strong commercial focus of the EIC Jury in Step 3.

A great team and strong corporate identity can increase the chances of success. The proposal should showcase the team's expertise, experience, and achievements to give confidence to the evaluators.

Below are some general information about the other options given by the EIC: https://www.abbaco.eu/blog/choosing-the-right-program-a-guide-to-eic-pathfinder-transition-and-accelerator

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