euportal twitter euportal facebook

Commission awards more than €278 million to 75 start-ups and SMEs

5.12.2019 – Seventy-five promising start-ups and SMEs have been selected in the largest funding round so far under the pilot phase of the European Innovation Council (EIC) Accelerator. As a major novelty, 39 of these companies are set to receive both a grant and a direct equity investment. Among the companies selected is Hiberband, who is creating the first global Internet of Things network using low-cost low-orbit satellites, Chrysalix Technologies, a university spin-off producing sustainable fuel using organic material and BrainQ, who is developing AI-powered technologies to transform the lives of patients with severe brain injuries. This is the first time that this “blended finance” has been offered, and allows a much higher level of funding (up to €17.5 million per company) to accelerate the growth of European companies with ground-breaking innovations. The Commission has also signed an agreement with the European Investment Bank Group to set up a dedicated EIC Fund to manage the equity investment.More:tukaj

Source: EC Press

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>