Change follows feedback that AI platform is “too complex”
The European Innovation Council is changing the way innovators are asked to apply for funding from its Accelerator instrument, which offers a mix of grants and investment to help small companies grow technology-based businesses.
Launched fully in 2021, the EIC has a budget of €10 billion to support the development of breakthrough technologies and their commercialisation as part of the EU’s Horizon Europe research and innovation programme. Its Accelerator instrument provides grants of up to €2.5 million, and direct investment of up to €15m.
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