EIC funded urban farming company Infarm raises € 88 million in series BEIC pilot-funded Infarm has raised €88 million from Atomico in a series B funding round. The company makes vertical urban farms where plants are grown efficiently and sustainably, directly at the point of sale. The vertical farms are modulable and contain a whole ecosystem for specific plants (water, temperature and lighting). Thanks to sensors, the performance of the farms are remotely controlled for optimal quality. Infamr received close to €2 million from the European Innovation Council (EIC) pilot and raised €20 million in a series A round from Balderton.
The EIC pilot goes to space!The European Innovation Council (EIC) Pilot has been funding multiple projects dealing with New Space technologies over the years. Aerospace, Internet of Things, telecommunications, Earth observation, agriculture: these are only few of the domains that the funded companies are revolutionising thanks to their disruptive work. Here there is an overview of some of these innovation actors and their – literally – out-of-this-planet technologies.
374 innovative companies get EIC funding to fast track their innovations on the market83 top-class innovators selected for funding to reach the market faster under the European Innovation Council (EIC) pilot's EIC Accelerator, previously known as SME Instrument Phase 2 and 291 companies will get funding under the Phase 1 of the programme. Companies under both phases will receive free coaching and business acceleration services to make the most of their funding. Discover all the companies in our datahub.
2025 SMEs apply for funding under EIC SME InstrumentThe European Commission received 2025 proposals for the European Innovation Council pilot’s SME Instrument Phase 2 before the last cut-off date of the SME Instrument in this form on 5 June 2019. Small and medium-sized enterprises (SMEs) from 40 countries submitted proposals. Companies that pass the initial selection stage will be invited to Brussels, to pitch in front of a Jury of investors and business experts during the week of 8-12 July 2019.
The EIC pilot, Telefónica and BBVA embrace new approaches within the telecoms and banking sectorsA selected group of EIC pilot pioneers presented their innovations to top managers of Telefónica and BBVA in Madrid, Spain. The matchmaking event focused on new technologies and solutions for the telecoms and banking sectors.
EIC Accelerator offers new blend of grants and equityThe SME Instrument becomes the EIC Accelerator, offering optional equity investment in addition to a grant. From today, innovative companies can apply for a grant of up to 17.5 million in combined grant and equity financing to scale-up quickly and effectively.
EIC: 261 proposals seek funding under Fast Track to InnovationThe European Commission received 261 proposals for Fast Track to Innovation (FTI) before the latest cut-off date on 25 May 2019. Proposals include participants from 28 countries, the largest number of proposals being submitted by Spanish, Italian and Dutch applicants. Results are expected for end of summer 2019.
Vortex Bladeless & Wavepiston: reinventing wind energy and wave power at EUSEW19The EIC SME Instrument funded projects Vortex Bladeless and Wavepiston will take part in this year’s European Sustainable Energy Week in Brussels. The two projects will present their disruptive solutions for sustainable energy harvesting at the Energy Lab on 19 June and 20 June 2019.
Deep tech on display: Scaleups and Corporates come together to spring innovation and businessOn 3-4 April, over 100 companies funded by the European Innovation Council (EIC) pilot participated in a matchmaking event at the InQbet Accelerator in Brussels with large corporates and open innovation experts. Hosted by P&G and The Growcery, participants also included representatives from Cargill, Port of Antwerp, Bpost, Nokia, Umicore, ING and Solvay and twenty other big corporations.
World Circular Economy Forum 2019: renewing the economy, as we know itOn 3-5 June 2019, the third edition of the World Circular Economy Forum (WCEF) will take place in Helsinki, Finland.Over two thousand circular economy thinkers, strategists and experts will gather to discuss how to scale up the transition to the next era of the circular economy.