Outcomes

What happened to EIC Accelerator winners

Each company we investigate gets a status, a verdict and a check on whether it shows signs of scaling. This board fills up as the deep dives are written.

1332 of 1,332 winners checked

100% covered

Adaptavate Limited · 4 November 2026
AdapTronics S.r.l. · 4 November 2026
Altris AB · 4 November 2026
Amatera Biosciences SAS · 4 November 2026

We investigate the winners one by one, in the order of the official results tables.

Status of the 1332 companies checked so far

Show detailed statuses

Active1,031 (77%)
Exit94 (7%)
Failed146 (11%)
Other61 (5%)

Every number on this page counts only the 1332 companies checked so far, not all 1,332 winners. The first companies covered are not a random sample, so read the shares as an early picture.

Companies by status
Status	Meaning	Companies	Share of checked
Active	Operating, with public evidence (news, filings, product, hiring) from the last 12 months	1031	77%
Exit	Acquired, merged or listed	94	7%
Failed	Dormant, insolvent or closed	146	11%
Other	Pivoted or unknown	61	5%

The board: every winner, by cut-off

One square per company awarded in that cut-off, coloured by status. A company funded more than once appears under every cut-off that funded it. Dark blue squares are not yet checked. Select a square to open the company on the map, or colour the whole map by status.

68 of 68 checked

83 of 83 checked

95 of 95 checked

75 of 75 checked

44 of 44 checked

72 of 72 checked

64 of 64 checked

38 of 38 checked

65 of 65 checked

99 of 99 checked

74 of 74 checked

75 of 75 checked

78 of 78 checked

32 of 32 checked

51 of 51 checked

47 of 47 checked

42 of 42 checked

68 of 68 checked

71 of 71 checked

40 of 40 checked

61 of 61 checked

38 of 38 checked

1,332 companies. A company with more than one award appears under each of those cut-offs.

Company statuses by funding cut-off

Each bar counts every company awarded in that cut-off, including companies that were also awarded in another cut-off. Dark blue is not yet checked. The Show detailed statuses checkbox above also controls these bars. Checked companies are not a random sample, so the shares of checked companies are an early picture.

January 2019

68 of 68 checked

Active39 (57%)
Exit9 (13%)
Failed12 (18%)
Other8 (12%)

April 2019

83 of 83 checked

Active50 (60%)
Exit16 (19%)
Failed6 (7%)
Other11 (13%)

June 2019

95 of 95 checked

Active56 (59%)
Exit9 (9%)
Failed18 (19%)
Other12 (13%)

October 2019

75 of 75 checked

Active37 (49%)
Exit13 (17%)
Failed16 (21%)
Other9 (12%)

January 2020

44 of 44 checked

Active32 (73%)
Exit3 (7%)
Failed9 (20%)

March 2020

72 of 72 checked

Active46 (64%)
Exit9 (13%)
Failed12 (17%)
Other5 (7%)

May 2020

64 of 64 checked

Active39 (61%)
Exit5 (8%)
Failed16 (25%)
Other4 (6%)

October 2020

38 of 38 checked

Active24 (63%)
Exit2 (5%)
Failed7 (18%)
Other5 (13%)

June 2021

65 of 65 checked

Active56 (86%)
Exit1 (2%)
Failed7 (11%)
Other1 (2%)

October 2021

99 of 99 checked

Active73 (74%)
Exit9 (9%)
Failed13 (13%)
Other4 (4%)

March 2022

74 of 74 checked

Active60 (81%)
Exit4 (5%)
Failed9 (12%)
Other1 (1%)

June 2022

75 of 75 checked

Active62 (83%)
Exit3 (4%)
Failed6 (8%)
Other4 (5%)

October 2022

78 of 78 checked

Active63 (81%)
Exit6 (8%)
Failed9 (12%)

January 2023

32 of 32 checked

Active29 (91%)
Failed3 (9%)

March 2023

51 of 51 checked

Active45 (88%)
Exit2 (4%)
Failed4 (8%)

June 2023

47 of 47 checked

Active44 (94%)
Exit2 (4%)
Failed1 (2%)

November 2023

42 of 42 checked

Active38 (90%)
Exit2 (5%)
Failed2 (5%)

March 2024

68 of 68 checked

Active66 (97%)
Exit1 (1%)
Failed1 (1%)

October 2024

71 of 71 checked

Active68 (96%)
Exit2 (3%)
Other1 (1%)

March 2025

40 of 40 checked

Active40 (100%)

October 2025

61 of 61 checked

Active61 (100%)

May 2026

38 of 38 checked

Active38 (100%)

Outcomes over time

Hover a bar for its numbers, or open the numbers under each chart. The Show detailed statuses checkbox at the top of the board also splits these charts into single statuses.

Status by cut-off

Every company awarded in the cut-off, including the ones not yet checked. Share compares checked companies only and needs at least 10 per cut-off.

Active
Exit
Failed
Other
Not yet checked

Show the numbers

Status by cut-off
	Checked	Active	Exit	Failed	Other
January 2019	68	39	9	12	8
April 2019	83	50	16	6	11
June 2019	95	56	9	18	12
October 2019	75	37	13	16	9
January 2020	44	32	3	9	0
March 2020	72	46	9	12	5
May 2020	64	39	5	16	4
October 2020	38	24	2	7	5
June 2021	65	56	1	7	1
October 2021	99	73	9	13	4
March 2022	74	60	4	9	1
June 2022	75	62	3	6	4
October 2022	78	63	6	9	0
January 2023	32	29	0	3	0
March 2023	51	45	2	4	0
June 2023	47	44	2	1	0
November 2023	42	38	2	2	0
March 2024	68	66	1	1	0
October 2024	71	68	2	0	1
March 2025	40	40	0	0	0
October 2025	61	61	0	0	0
May 2026	38	38	0	0	0

Exits and failures by cut-off

Checked companies that were acquired, merged or listed (up) and that went dormant, insolvent or closed (down), by the cut-off that funded them.

↑ Exits

↓ Failures

Exit
Failed

Show the numbers

Exits and failures by cut-off
	Checked	Exit	Failed
January 2019	68	9	12
April 2019	83	16	6
June 2019	95	9	18
October 2019	75	13	16
January 2020	44	3	9
March 2020	72	9	12
May 2020	64	5	16
October 2020	38	2	7
June 2021	65	1	7
October 2021	99	9	13
March 2022	74	4	9
June 2022	75	3	6
October 2022	78	6	9
January 2023	32	0	3
March 2023	51	2	4
June 2023	47	2	1
November 2023	42	2	2
March 2024	68	1	1
October 2024	71	2	0
March 2025	40	0	0
October 2025	61	0	0
May 2026	38	0	0

Exits and failures by year they happened

Counted in the year of the recorded date. 9 exits and failures have no date yet and are left out.

↑ Exits

2019

2020

2021

2022

2023

2024

2025

2026

↓ Failures

Exit
Failed

Show the numbers

Exits and failures by year they happened
	Events	Exit	Failed
2019	5	4	1
2020	1	0	1
2021	8	7	1
2022	15	15	0
2023	23	10	13
2024	45	17	28
2025	64	16	48
2026	70	25	45

Time from award to exit or failure

Whole years between the cut-off of the first award and the recorded date. Acquisitions dated before the award count as Before.

↑ Exits

Before

0–1 y

1–2 y

2–3 y

3–4 y

4–5 y

5–6 y

6–7 y

7–8 y

↓ Failures

Exit
Failed

Show the numbers

Time from award to exit or failure
	Events	Exit	Failed
Before the award	2	2	0
0 to 1 years after the award	9	7	2
1 to 2 years after the award	15	10	5
2 to 3 years after the award	39	17	22
3 to 4 years after the award	24	11	13
4 to 5 years after the award	59	20	39
5 to 6 years after the award	39	9	30
6 to 7 years after the award	33	15	18
7 to 8 years after the award	11	3	8

Scaling by cut-off

Scaling signals of every company awarded in the cut-off, including the ones not yet checked.

Scaling
Not scaling
Scaling unclear
Not yet checked

Show the numbers

Scaling by cut-off
	Checked	Scaling	Not scaling	Scaling unclear
January 2019	68	19	25	24
April 2019	83	33	22	28
June 2019	95	35	38	22
October 2019	75	33	26	16
January 2020	44	22	12	10
March 2020	72	24	31	17
May 2020	64	27	28	9
October 2020	38	16	14	8
June 2021	65	12	10	43
October 2021	99	24	34	41
March 2022	74	10	29	35
June 2022	75	3	19	53
October 2022	78	8	14	56
January 2023	32	6	4	22
March 2023	51	11	8	32
June 2023	47	17	7	23
November 2023	42	20	4	18
March 2024	68	24	4	40
October 2024	71	36	2	33
March 2025	40	18	0	22
October 2025	61	28	2	31
May 2026	38	22	0	16

By funding, country and number of awards

Funding type is the one of the company's first award. The number next to each row is its base, so read small rows with care.

Status by funding type

Blended finance654
Grant first167
Grant only507
Equity only4

Active
Exit
Failed
Other

Show the numbers

Status by funding type
	Checked	Active	Exit	Failed	Other
Blended finance	654	547	34	60	13
Grant first	167	150	2	14	1
Grant only	507	331	58	71	47
Equity only	4	3	0	1	0

Status of one-time and repeat winners

One award1,285
Two awards46
Three or more awards1

Active
Exit
Failed
Other

Show the numbers

Status of one-time and repeat winners
	Checked	Active	Exit	Failed	Other
One award	1,285	996	90	141	58
Two awards	46	35	4	5	2
Three or more awards	1	0	0	0	1

Scaling by funding type

Blended finance654
Grant first167
Grant only507
Equity only4

Scaling
Not scaling
Scaling unclear

Show the numbers

Scaling by funding type
	Checked	Scaling	Not scaling	Scaling unclear
Blended finance	654	226	110	318
Grant first	167	25	41	101
Grant only	507	184	168	155
Equity only	4	1	1	2

Delivery by funding type

Awards with a delivery verdict, by the funding type of that award.

Blended finance684
Grant first171
Grant only509
Equity only16

Delivered
Partly delivered
Not delivered
Too early
Unclear

Show the numbers

Delivery by funding type
	Awards	Delivered	Partly delivered	Not delivered	Too early	Unclear
Blended finance	684	104	290	20	241	29
Grant first	171	58	93	7	8	5
Grant only	509	70	362	18	29	30
Equity only	16	1	1	0	7	7

Status by country

Countries with at least 10 checked companies.

Active
Exit
Failed
Other

Show the numbers

Status by country
	Checked	Active	Exit	Failed	Other
France	176	135	9	27	5
Germany	169	128	9	27	5
Spain	120	100	6	9	5
Netherlands	119	97	9	11	2
Israel	91	60	7	11	13
Sweden	79	67	3	7	2
United Kingdom	72	51	7	11	3
Finland	62	47	8	7	0
Denmark	61	42	8	8	3
Ireland	51	43	2	4	2
Switzerland	51	33	3	4	11
Italy	50	43	3	1	3
Belgium	45	33	6	5	1
Norway	37	32	2	3	0
Austria	32	23	4	4	1
Portugal	25	19	4	1	1
Poland	18	18	0	0	0
Estonia	13	9	0	2	2

How status, scaling and delivery relate

Delivery is judged per award, so a company with two assessed awards counts twice in the delivery charts.

Scaling within each status

Active1,031
Exit94
Failed146
Other61

Scaling
Not scaling
Scaling unclear

Show the numbers

Scaling within each status
	Checked	Scaling	Not scaling	Scaling unclear
Active	1,031	382	131	518
Exit	94	37	26	31
Failed	146	1	141	4
Other	61	16	22	23

Company status by delivery

Delivered233
Partly delivered746
Not delivered45
Too early285
Unclear71

Active
Exit
Failed
Other

Show the numbers

Company status by delivery
	Awards	Active	Exit	Failed	Other
Delivered	233	201	20	7	5
Partly delivered	746	530	58	110	48
Not delivered	45	9	6	24	6
Too early	285	281	3	0	1
Unclear	71	45	11	10	5

Scaling by delivery

Delivered233
Partly delivered746
Not delivered45
Too early285
Unclear71

Scaling
Not scaling
Scaling unclear

Show the numbers

Scaling by delivery
	Awards	Scaling	Not scaling	Scaling unclear
Delivered	233	96	37	100
Partly delivered	746	212	234	300
Not delivered	45	6	34	5
Too early	285	127	7	151
Unclear	71	7	21	43