European Innovation Council selects 65 start-ups to receive €363 million fund

The European Innovation Council has selected 65 start-ups and SMEs to receive €363 million of funding to develop ground-breaking innovations

This is the first group of companies, who were selected following a two-step process introduced under Horizon Europe, that will be funded under the fully-fledged European Innovation Council (EIC) Accelerator.

The 65 start-ups and SMEs, established in 16 countries, will receive up to €17 million through a combination of grant financing and equity investment.

Ground-breaking innovations

The funding will allow them to develop and scale up their ground-breaking innovations in healthcare, digital technologies, energy, biotechnology, space and more.

Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth, said: “The EIC Accelerator is a unique European funding instrument of the European Innovation Council. It supports the development of top-class innovations through crowding-in private investors and offers a portfolio of services to support their scaling-up.

“With the European Innovation Council we aim to bring Europe to the forefront of innovation and new technologies, by investing in new solutions for the health, environmental and societal challenges we are facing.”

You can find the full list of successful companies here.