The European Innovation Council Fund has approved €1 billion in deep tech venture investments in one year

Today, the Commission announced that nearly €1 billion of investments in deep tech companies have been approved by the European Innovation Council (EIC) Fund since the Fund started its operations in September 2022. The EIC Fund is the venture investment arm of the European Innovation Council, which was launched under Horizon Europe to support breakthrough technologies and innovations. In just over one year, 159 start-ups and SMEs, all selected under the EIC Accelerator programme, have had their investments approved. By reaching this €1 billion milestone, the EIC consolidates its position as the investor of choice for European deep tech companies.

Read the full press release.