European Innovation Council Accelerator: strong performance of engineering and tech-based companies in the latest €350 million funding round ...Middle East

A new set of 47 companies have been selected to receive European Innovation Council (EIC) funding, combining grants and equity, following the third 2023 EIC Accelerator cut-off in June. This cut-off showed a strong performance of engineering and tech-based companies. They account for 25% of the selected companies, close to the traditionally strong performance of health tech companies that make up 30% of the total. The companies were selected in a highly competitive process, in which 140 companies were interviewed by juries of experienced investors and entrepreneurs, out of a total of 648 full proposals submitted. The 47 selected companies will together receive nearly €350 million of fundin

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