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Published at Tuesday, November 26, 2024 9:56 AM on the Up Next organization's page

EIC-EIT: Europe’s Deeptech Powerhouse

By providing non-dilutive grants, equity funding, and critical resources, EIC is transforming the deeptech funding landscape in Europe.

The model is a blueprint for the future of innovation, supporting companies that are building the technologies that will shape the world.

 

The Hybrid Financing Model: A Perfect Fit for Deeptech.

 

The EIC’s combination of grants (non-dilutive) and equity funding helps startups balance risk while preserving equity, making it easier to bring disruptive technologies to market.

EIC Pathfinder also funds early-stage high-risk projects with up to €3 million in grants, offering a safety net for pioneers in emerging fields.

 

The EIC, is a key partner tp traditional VCs, providing deeptech startups with flexible funding to overcome scaling challenges. These models help bridge the funding gap, ensuring innovation thrives alongside VCs or Family Offices

 

Key Highlights of the EIC's Impact:

 

- €1.5 billion allocated to over 1,000 deeptech startups across Europe.

- Average €17.5 million in funding per company, including €2.5 million in non-dilutive grants and up to €15 million in equity investments.

- In 2023 alone, the EIC committed over €500 million to 250 deeptech projects, in sectors like AI, quantum computing, biotech, and clean energy.

(source: Les Echos)

The EIC is a key partner to traditional VCs and Family Offices, providing deeptech startups with flexible funding to overcome scaling challenges. These models help bridge the funding gap, ensuring innovation thrives.