Startup 101 by Nuqleus

Getting funded by EIT and EIC

European Institute of Technology and Innovation, European Innovation Council

In today’s rapidly evolving world, innovation and entrepreneurship play pivotal roles in driving economic growth and societal progress. To foster this spirit of innovation and collaboration across Europe, the European Institute of Technology and Innovation (EIT) and Europen Innovation Council were established.

EIT is a vital EU body created to facilitate collaboration between leading companies, research labs, and higher education institutions. It is an integral part of the Horizon Europe framework and it focuses on fostering dynamic long-term European partnerships dedicated to addressing specific global challenges. Some of the example areas where EIT is addressing these challenges are manufacturing and health. Whether in the healthcare sector with EIT Health or the manufacturing industry with EIT Manufacturing, EIT’s initiatives provide fertile ground for aspiring entrepreneurs to thrive.

The EIC is also part of the Horizon Europe program, with a goal to fuel scientific excellence and foster technological breakthroughs. The EIC’s primary mission is to support innovation at all stages, from the earliest spark of an idea to a fully market-ready solution. It offers three distinct funding schemes, each tailored to cater to diverse innovation needs: EIC Pathfinder, EIC Transition and EIC Accelerator.

Navigating the EIC application process requires a deep understanding of the eligibility criteria and a well-crafted proposal that aligns with the scheme’s objectives. To increase your chances, you need to work on breakthrough technology, focus on turning inventions into marketable innovations, understand your market and customers, and seek help from experienced individuals or organizations who have successfully completed the application process.

The accelerator programs, funding opportunities, and educational activities offered by EIT and EIC enable innovators to transform their ideas into reality.