Picture credit: Thirona
The European Innovation Council (EIC) introduced the number of 51 firms to obtain funding (combining fairness and grant) underneath the EIC Accelerator programme.
The businesses have been chosen in a extremely aggressive course of during which 139 firms have been interviewed by juries of skilled traders and entrepreneurs. This was out of 551 full proposals submitted.
The 51 chosen firms will obtain near €260M in a mixture of grants and fairness investments, with the fairness investments being made via the EIC Fund.
The chosen firms have a geographical unfold spanning 17 international locations, together with three widening international locations.
EIC says that just about 30 per cent (15 of the 51 firms) have a feminine CEO, CTO (Chief Know-how Officer) or CSO (Chief Scientific Officer).
The European Innovation Council (EIC) additionally introduced that almost all firms making use of for grant financing will obtain their funds inside the subsequent two to 3 months whereas funding choices might be made inside two months.
Seal of Excellence
88 purposes, which efficiently met all the standards on the distant analysis stage and have been assessed positively by the EIC jury however not really helpful for funding, might be awarded a Seal of Excellence.
EIC says this initiative will help these promising tasks in securing different funding sources, together with Restoration and Resilience Funds and European Regional Growth Funds.
EIC Accelerator
The EIC Accelerator programme helps particular person Small and Medium Enterprises (SMEs), significantly startups and spin-out firms, to develop and scale ground-breaking improvements.
The programme affords startups and SMEs grants of as much as €2.5M mixed with fairness investments via the EIC Fund starting from €0.5M to €15M.
Along with monetary assist, all tasks profit from Enterprise Acceleration Providers. These providers present entry to main experience, corporates, traders and ecosystem actors.
“Corporations can submit their concepts to the EIC Accelerator at any time, that are evaluated inside roughly 4 weeks. For concepts assembly the EIC standards for excellence, impression and risk-level, firms are invited to organize full purposes to undergo one of many common deadlines,” says EIC.
The following cut-off for EIC Accelerator full proposals is October 4, 2023.
8 firms from the Netherlands have been chosen for the accelerator programme.
In line with the Netherlands Enterprise Company (RVO), the eight successful Dutch startups will increase €37M (€19M in subsidies and €18M in investments) in funding within the second spherical of 2023 of the European Innovation Council (EIC) Accelerator programme.
“Because of this the Netherlands has the most important variety of winners in Europe,” says RVO.
The successful startups from the Netherlands are:
GeNEWity
HQ: Leiden
Really helpful finance kind: Grant First
GeNEWity develops groundbreaking remedy for the restoration of the thymus (often known as the thymus, an organ, ed.) and thus the adaptive immune system (that a part of the immune system that reacts after contact with a pathogen).
Magneto
HQ: Delft
Really helpful finance kind: Grant First
Magneto‘s expertise affords an alternative choice to producers of home equipment for cooling and heating in addition to waste warmth to energy conversion.
The Dutch firm says its different has zero greenhouse gasoline emissions, saves as much as 30 per cent of energy consumption to their shoppers and has decrease price of possession.
Morphotonics
HQ: Veldhoven
Really helpful finance kind: Grant First
Morphotonics is growing expertise to scale up waveguide manufacturing for Augmented Actuality (AR). The corporate’s creation was impressed by the Morpho butterfly’s nanotextured wings and light-weight science.
Mu-G Information Administration BV
HQ: Delft
Really helpful finance kind: Blended Finance
PATS permits greenhouse farmers to considerably scale back and eradicate flying insect pest populations.
To fight pests, the corporate makes use of sound, gentle, and drones. These ‘fighters’ can be utilized in orchards.
Orange Quantum Techniques
HQ: Den Bosch
Really helpful finance kind: Grant First
Orange Quantum Techniques delivers diagnostic techniques to create higher quantum chips. The corporate’s platform makes it potential to check a number of quantum chips concurrently and quicker.
Pamgene
HQ: Den Bosch
Really helpful finance kind: Blended Finance
Pamgene has developed new biomarker assays for personalised most cancers remedy.
Stentit
HQ: Eindhoven
Really helpful finance kind: Blended Finance
Stentit has developed a stent of soluble nanofibers for the pure restore of blood vessels.
Thirona
HQ: Nijmegen
Really helpful finance kind: Grant First
Thirona is creating AI software program that analyses and quantifies CT scans, serving to pulmonologists decide the optimum remedy for his or her sufferers.
