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The European Innovation Council (EIC) ‘Accelerator’ aims to help SMEs develop and bring to market new innovative products that can drive economic growth.
It offers grants (up to €2.5m) and will take equity in companies (up to €15m). Grants are for technological innovation at TRLs 6-8. Grants + equity is available above TRL 8.
In 2020 alone, there will be 4 calls to allocate a total budget of €654m.
In an exclusive OEE members-only webinar, European Commission official Agustin Escardino Malva explains the Accelerator and answer questions from the sector. Agustin works in DG Research, is one of the creators of the Accelerator. He knows the ocean energy sector well, and the challenges of navigating the Valley of Death.
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