What is it ?

The European Institute of innovation and Technology (EIT) tries to bridge the achievements of our researchers and succesful start-ups and/or fast-growing companies. They consist of nine sectoral subdivisions who each publish calls to look for the most promising projects in which they can invest in.

One of these calls, the EIT Manufacturing Accelerate is a permanently open Call with the objective to support, scale and accelerate industry startups into impactful players in the European manufacturing ecosystem. It was started in early 2024 and now reaches the end of its life cycle. The final cut-off date is on the 21st of April so this is the final chance (for now) for those companies from the manufacturing sector that are looking for additional investment to to accelerate the expansion of their business. 

Who can apply?

The Accelerate programme is open to startups with solutions at Technology Readiness Level (TRL) 6 or higher, that are currently fundraising or preferably already in an ongoing funding round with the following characteristics:

• Developing new products/services/solutions for manufacturing customers, and have a business-to-business (B2B) business model
• Have an innovative product/service contributing to at least one of the EIT Manufacturing Strategic Objectives (SOs), thematic areas, and priority technologies, products and/or solutions
• Have relevant business and technical expertise available in the team
• Demonstrate sound Business Planning

This Call is open to private businesses (legal entities) with at least 2 team members and with headquarters in any Member State  of the European Union, and in any country associated with Horizon Europe programme.

The total maximum EIT funding allocated to this call is 8.800,000 EUR. The available financial support (also known as “sub-grant”) is starting from 50,000 EUR and can be up to 500,000 EUR per company to pursue activities which are in line with the overall EIT Manufacturing Strategic Objectives and based on the project plan, budget, and the investment terms.

All details about this call can found here.