The European Innovation Council’s Delays Are Putting Startups At Risk

On 16 December 2021, the European Innovation Council Accelerator announced its largest-ever funding round with 99 companies set to receive €627m.

As the examples in the press release highlighted, these companies are developing and adopting complex and novel solutions to solve large-scale problems, generally with significant environmental or other positive impacts on society.

For the founders of these companies, receiving the news they would receive millions of Euros in funding was nothing short of life-changing. The grant funding would allow them to keep building in the short-term, whilst the matched equity tranche should make the next fundraising easier and result in a larger overall funding round.

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