A new set of 42 companies has been selected to receive European Innovation Council (EIC)
funding, combining grants and equity, following the final 2023 EIC Accelerator cut-off in November.
The 42 selected companies will together receive up to €285 million in funding. A large majority of
selected companies (62%) will receive the blended finance option, which is a combination of grants
and equity investments. The equity investments will be made through the EIC Fund as the
dedicated investment fund for EIC Accelerator companies, and which attracts other investors to
increase the overall investment to over three times the EIC investment on average. The selected
companies have a geographical spread spanning 15 countries, including three widening countries.
Here are some examples of innovative companies that will receive support:
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