Horizon Europe Innovation Funding

KEY FACTS Total budget: about 93.5B EUR for Horizon Europe (2021 to 2027); the EIC Accelerator had about 634M EUR in 2025 Max per applicant: grant up to 2.5M EUR per SME, plus optional equity of 0.5M to 10M EUR (blended finance) Co-funding: the grant covers 70% of eligible costs; you fund the remaining 30% Already allocated: highly oversubscribed, roughly a 3 to 5% success rate (estimate); the 2025 budget was largely committed across the year Open until: annual cut-off dates on the EU Funding and Tenders portal Eligible costs: R and D, prototyping, testing, certification and scale-up to market Who can apply: for-profit EU SMEs and startups with a high-risk, high-potential innovation; Latvian SMEs are eligible Horizon Europe is the EU's main research and innovation funding programme. The EIC Accelerator inside it funds single deep-tech SMEs and startups with grant plus equity for breakthrough, scalable innovation. It suits ambitious, innovation focused projects more than simple tool adoption, and rates and topics vary by call. Review the current open calls on the official portal. We can help you understand whether your AI and automation plans could fit an innovation focused application.