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News article14 October 2021

European Innovation Council announces new wave of start-up champions

The European Commission’s European Innovation Council has selected 65 innovative start-ups and SMEs to receive over €360 million of funding.

EIC Accelerator June 2021 cut off

 

Each company will receive a combination of grant financing and equity investment of up to €17 million to develop and scale up their ground-breaking innovations in Europe. It is the first batch of companies that will be funded under the fully-fledged European Innovation Council (EIC) Accelerator.

The 65 successful companies are established in 16 countries. The demand for equity financing through the new EIC Fund was particularly high, with 60 out of the 65 companies. This means that €227 million out of the total €363 million are expected to be in the form of investment component.

 

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Publication date
14 October 2021

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