The coronavirus outbreak has been labeled a pandemic by the World Health Organization (WHO) recently. If you are unaware, Pandemic is a term used to describe a disease that is spreading quickly in various countries at the same time.
In the latest development, the European Commission is calling for startups and SMEs with technologies and innovations that could help in treating, testing, monitoring, or other aspects of the Coronavirus outbreak to apply urgently to the next round of funding from the European Innovation Council.
Right now, the European Commission has set aside a budget of around €164 million called ‘bottom-up,’ meaning there are no predefined thematic priorities. The applicants with Coronavirus relevant innovations will be evaluated in the same way as other applicants.
Notably, the deadline is 18 March, Wednesday, 17:00 CEST. So if you have any idea up in your sleeves, its time to hurry up. It’s worth mentioning that the Commission will look to fast track the awarding of EIC grants and blended finance to Coronavirus relevant innovations, as well as to facilitate access to other funding and investment sources.
Through this move, the European Commission aims to create or accelerate innovations to combat the coronavirus outbreak either by finance or facilitating access to alternative investment sources.
Main image picture credits: Lightspring/Shutterstock
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