European Innovation Council invests over €270m via grants and share purchases
The European Innovation Council has bought up company shares for the first time, as part of the latest and largest tranche of money it is routing to innovation in the European Union.
The council, currently in a pilot phase but planned to be a crucial part of the next seven-year EU research and innovation programme when it starts in 2021, announced on 5 December that it was awarding €278 million to 75 small companies.
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