The European Commission has announced the selection of 99 innovative startups and SMEs to be funded under the European Innovation Council (EIC) Accelerator programme. The selected startups will receive €627M of EU funding to help them bring their technologies to the market.
EU claims this to be one of the largest EIC Accelerator funding rounds to date, wherein the companies will receive grants and/or equity investments, depending on their needs, up to a maximum of €17.5M.