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Tuesday, October 26, 2021

363 million euros in start-ups from the European Commission

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The European Commission’s European Innovation Council has selected 65 innovative start-ups to receive € 363 million in funding for groundbreaking innovations.

Each company will receive a combination of grants and equity investments, amounting to 17 million euros, to develop and expand its pioneering innovations in the fields of healthcare, digital technologies, energy, biotechnology, space and others.

This is the first package of companies to be funded under the fully developed Accelerator of the European Innovation Council.

“The Accelerator is the only European financial instrument of the European Innovation Council. It supports the development of top-class innovations, attracting private sector investors, and offers a portfolio of services to support their expansion” said the Commissioner for Innovation, Research, Culture and Education Maria Gabriel.

SOURCE: AMNA

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