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Europe backs biotech

Young biotech firms are among those that will take part in the new €278M European Innovation Council (EIC) Accelerator funding round. In total 75 companies will benefit from a combination of financial assistance and business acceleration support.

“The future European Innovation Council will turn far more of Europe’s world class science and start-ups to global technology leaders,” said Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth. “I am glad that this first offer of combined grant and equity financing saw such a high demand from Europe’s start-ups and SMEs. This confirms that the European Innovation Council is filling a gap in funding, and that it is right to set it up as a fully-fledged initiative under the next EU budget.”

Chrysalix Technologies and Biome Makers are two of the biotech companies that will receive support through this record-breaking funding round. Learn more about the vision of EIC and the support it offers.

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