18 Dec 2020
EIC pilot: 38 companies selected for funding
The European Commission has selected 38 of Europe’s most promising start-ups and SMEs to receive funding of between €1 and €17 million to develop and scale up ground-breaking innovations in Europe. This is the last round of funding in the pilot phase of the European Innovation Council (EIC) Accelerator. It had received over 4,200 applications, the highest number ever. The start-ups and SMEs selected for the EIC Accelerator Pilot come from 18 countries, with the highest number from Germany, France and Israel. 21% are female CEOs.
Each company will receive a grant of up to €2.5 million to support the development of their innovation. 19 of them are set to also receive a direct equity investment of up to €15 million from the recently established EIC Fund. As well as the financial support, the start-ups and SMEs will have access to coaching, networking and business acceleration services to help them build their businesses.
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