European Innovation Council Accelerator: 51 deep tech start-ups selected to get funding and investments

SUSTAINABILITY – The 51 companies were selected out of 551 full proposals submitted, and will receive a total of €260 million in funding from grants and equity investments.

A new set of 51 companies have been selected to receive European Innovation Council (EIC) funding, combining grants and equity, following the second 2023 EIC Accelerator cut-off in March. The 51 selected companies will receive €260 million of funding from grants and equity investments.

A total of 260 million euros from the EIC fund goes to 51 European deep-tech start-ups.
The Netherlands is awarded the most.

Among the winners also Stentit and Morphotonics, both former winners of an Innovation Origins award.
The companies were selected in a highly competitive process in which 139 were interviewed by juries of experienced investors and entrepreneurs out of 551 full proposals submitted. 

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Stentit

Former Gerard and Anton award winner Stentit is one of the lucky start-ups to receive funding. “The 12.5 million we receive will be used for the first clinical trials with patients at risk of leg amputation and to introduce our regenerative stents to the medical market”, the company says in a statement on Linkedin.

“It’s so rewarding to witness such support by the European Commission and see our proposal being chosen among the more than 500 submissions. This pays off for years of hard work and gives us new energy for the work ahead of us. This recognition is not just for our team, but also the people who have been trusting us all this time and, most importantly, all our patients.”