17 Dec 2021
99 innovative start-ups and SMEs selected under EIC accelerator
Following the 6 October cut-off of the EIC Accelerator scheme, the European Commission selected 99 innovative start-ups and SMEs that will receive EUR 627 million of EU funding to help them bring their promising technologies to the market. The selected companies will receive grants and/or equity investments, depending on their needs, up to a maximum of EUR 17.5 million.
The selected companies are located in 21 countries, including seven from Horizon Europe “Widening Countries” that have lower levels of research and innovation performance. The selection also confirms the high demand for EIC equity investments with 65 of the 99 companies requesting equity investments of up to EUR 414 million (out of the total EUR 627 million). In most cases, the companies will receive the grant financing within the coming months, while the equity investment is likely to take longer as the arrangements for implementing EIC equity need to be re-established under Horizon Europe.