![]() ![]() Under the EIC pilot, 159 companies were proposed for investment, of which 141 have now been approved for investment by the EIC Fund Board. For those companies who have passed Step 1 of the EIC Accelerator application process, the cut off dates for full applications are expected to be 23 March, 15 June and 5 October 2022 (dates to be confirmed in the EIC Work Programme).ĮIC Fund close to completing investments in all companies selected during the EIC pilot.For the October ’21 cut-off, the grant decisions are expected to be taken by May ‘22. For the June ’21 cut-off, the majority of grant decisions are expected to be taken by the end of March ‘22. The grant decisions, for a total of EUR 349 million for the June ’21 and October ’21 cut-offs, are not affected by the EIC Fund implementation arrangements.More information will be shared when available, and in any case sufficiently in advance for applicants. In the meantime, discussions are ongoing for the sustainable long-term solution for EIC equity investments.Already now the first steps for a modernisation of the EIC Fund are taking place with, in particular, the imminent appointment of an independent Fund Manager (AIFM). The EIC equity investments (equity / equity-like such as convertible loans, redeemable bonds, etc.) for the 102 companies selected in October and December 2021, as well as for the first cut-offs under the 2022 EIC work programme, will continue to be managed through the EIC Fund until a sustainable long term solution is ready.For the 102 companies selected for EIC equity investments in October and December 2021 (following June and October cut-off dates), grant preparations are ongoing and due diligence will start shortly with the aim to conclude investment decisions in spring and summer 2022.Full details of the funding opportunities and novelties in the EIC 2022 work programme will be available on 9 February on the EIC website.This date and the full details for applying will be confirmed in the EIC 2022 work programme. For applicants interested in applying for the EIC Pathfinder for early stage research on breakthrough technologies, the expected deadline for applications is early May.For all companies interested in EIC support, the AI platform remains open to submit short applications at any time with feedback within 4 weeks and the next cut-off date for full applications is expected to be 23 March.An EIC Info Day for Applicants will be organised on 22 February, with detailed presentations of all elements of the EIC 2022 work programme and information on how to apply for potential beneficiaries.The EIC Work Programme for 2022 is scheduled to be presented by the Commission on 9 February and will contain the full details of all EIC funding opportunities in 2022.As the result of intensive work, the EIC Accelerator is now expected to progress well, the EIC work programme for 2022 is ready for adoption and the EIC Fund is close to completing investments in all companies selected during the EIC pilot. The EIC information notice published on 7 January 2022 informed that there have been some delays in EIC equity investments and the timing of the next cut-off date for full applications.
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