European Innovation Council Fund for start-ups

Earlier in January, the European Commission announced in a press release the first round of direct equity investment through the new European Innovation Council (EIC) Fund. EIC acquires a financing of around €178 million to invest in 42 start-ups and SMEs.

The EIC Fund was established in June 2020, and it aims to make direct equity investments (between €500.000 and €15 million each) in the capital of start-ups and SMEs in Europe. This Fund will help start-up companies to scale-up and translate their innovative scientific projects into commercial success.

Read the press release here.

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