🌟 Exciting news from the European Innovation Council (EIC)! 🌟
Out of 969 companies that submitted their full proposals, 68 exceptional companies have been selected for funding following the first EIC Accelerator cut-off in March 2024.
This highly competitive process saw 347 companies interviewed by experienced juries, with the 68 best chosen to receive an estimated €411 million in funding – combining up to €165 million in grants and approximately €245 million in equity.
A heartfelt congratulations to the selected companies, which span 17 countries, and a special shoutout to the 21% of women-led businesses.
To those who didn't secure funding this time – don't be disheartened. The process was incredibly challenging, and your efforts to pitch and refine your ideas have made you stronger and more resilient. Remember, the Seal of Excellence awarded to 273 positively assessed applications will help you find alternative funding sources. Use this recognition to propel your journey forward. If EIC wasn't your strategic investor this round, you've gained invaluable experience and insights that will make you even more attractive to other investors.
For those of you who achieved funding, welcome to the EIC family! This is just the beginning. Your innovation and determination have been recognized, and we're excited to support you in driving forward groundbreaking advancements. Let's continue to push the boundaries of what's possible and make a lasting impact together!
#Innovation #EIC #Funding #Entrepreneurship #Startups #Tech #Europe
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