This report documents the results and impact of the EIC pilot phase up to 2020. During that period, the EIC supported 5500 start-ups and SMEs which have:
- Crowded in EUR 9.6 billion in follow on investments, primarily from Venture Capital, but also from corporates, national promotional banks and others.
- Reached a valuation of around EUR 50 billion, including 91 „centaurs“ (company valuation over €100m) and 2 „unicorns“ (company valuation over EUR 1 billion).
- An increasing number of women-led start-ups: of those awarded funding in 2020, over 20 percent have a female CEO, a doubling of the previous level.
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