European Innovation Council Fund (EIC Fund) injects €331 million of equity into European deep-tech companies. The EIC Fund is providing investments for individual startups and small companies to develop and scale up game changing innovations.
The European Innovation Council Fund (EIC Fund) has taken 42 new investment decisions into deep-tech companies for a total of €331 million since the last announcement in November 2022.
The EIC Fund, the investment component of the EIC Accelerator, is an important source of funding for start-ups and small businesses in Europe. The equity investments, ranging from €500,000 to €15 million per company (more in justified cases), complement EIC Accelerator grant financing of up to €2.5 million. So far, under Horizon Europe, 269 out of 378 selected companies have signed their grant agreements. The EIC is now complying with the target set by the EIC Board to sign the grant agreements with selected companies within 4-5 months.