Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth, said:
"The future European Innovation Council will turn far more of Europe’s world class science and start-ups to global technology leaders. 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."
