The European Commission (EC) announced on June 7 that it has selected 74 innovative companies under the first 2022 EIC Accelerator cut-off.
The companies announced were among 1093 applicants who submitted to the first 2022 cut-off dated March 23. The 74 companies will join the 164 companies selected for funding by the EIC in 2021.
The allocated budget for the EIC Accelerator is around €382M, where the selected companies will receive grants and/or equity investments up to €17.5M each, depending on their needs.
Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education, and Youth says, “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.”