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Published on | 1 year ago
ProgrammesThe European Innovation Council (EIC) selected 68 companies for funding, combining grants and equity, following the first in 2024 EIC Accelerator cut-off in March.
The companies were selected in a highly competitive process. From a total of 969 companies that submitted a full proposal, 347 companies were interviewed by juries of experienced investors and entrepreneurs. The jury then selected the 68 best companies to receive funding. The selected companies have a geographical spread spanning 17 countries. Together, the selected companies will receive an estimated €411 million in funding, of which up to €165 million in grants and an estimated €245 million in equity.
Among the selected companies is Pharrowtech, based in Leuven (https://pharrowtech.com/). Pharrowtech spun out of IMEC and designs and develops mmWave radio frequency technology for next-generation wireless applications.
More information in the European Innovation Council's news article.
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The ROOT project obtained funding under Horizon 2020 topic ‘EGNSS applications fostering societal resilience and protecting the environment’. The project, which ran from November 2020 to July 2022, aimed to demonstrate the benefit of Galileo OSNMA signal to increase the robustness of critical telecom infrastructures.
The Flanders-based company Septentrio contributed substantially to completing this objective together with the other ROOT partners. The results of the project partially close a gap in the security of telecommunication networks dependent on satellite-derived time, with indirect benefits in curbing illegal attempts to disrupt network services.
