The European Commission selected 74 innovative companies under the first 2022 EIC Accelerator cut-off. They are set to receive up to €382 million of funding in a combination of grants and investments. The companies were selected from over 1000 start-ups and SMEs that submitted a full application for funding for the 23 March 2022 cut-off, of which 266 were interviewed by juries of experienced investors and entrepreneurs. The selected companies will each receive grants and/or equity investments, depending on their needs, up to €17.5 million.
Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said:
The new wave of innovation is currently led by deep tech start-ups that target societal challenges. I am happy to see so many of them applying to the EIC, in particular from countries that are catching up in their levels of research and innovation performance. Thanks to the European Innovation Council, they will get the support they need to accelerate their growth and lead on the next wave of deep tech.