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(15 October 2021) - The European Innovation Council has selected 65 innovative start-ups and SMEs to receive €363 million of funding for breakthrough innovations.

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© European Commission

Each company will receive a combination of grant financing and equity investment of up to €17 million to develop and scale up their ground-breaking innovations in healthcare, digital technologies, energy, biotechnology, space and other.

This is the first batch of companies that will be funded under the fully-fledged European Innovation Council (EIC) Accelerator.

The EIC Accelerator offers start-ups and SMEs grants of up to €2.5 million combined with equity investments through the EIC Fund ranging from €0.5 to €15 million.

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