Image: Sebastien Pirlet, European Union 2020
Commission promises improved performance once EIC Fund is restructured and fund manager is appointed
The first direct equity investment by the European Innovation Council Fund has been made in a French company developing chip technology for supercomputing, after repeated delays that have frustrated companies.
The EIC Fund was launched alongside the EIC Accelerator as part of the EU’s flagship innovation funder in 2021, with the intention of combining equity and grant-based investments to support the scaling up of R&D-based small companies.
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