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Published on | 2 years 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 Stargate project obtained funding under the special Green Deal call of Horizon 2020, more in particular under the topic of “green ports and airports”. It received the maximum score of the evaluators and was selected out of more than 40 projects. Stargate’s purpose is to prove that sustainable aviation is possible and happening. It focuses on the further decarbonization of the aviation industry, the improvement of local environmental quality and the stimulation of the modal split. Together with a consortium of 21 European partners with a diverse and rich expertise (airports, community partners, knowledge institutions, consultants, local governments, …), Brussels Airports takes the lead as lighthouse airport to develop and implement innovative solutions. Results that prove successful can be deployed at the fellow airports (Toulouse, Budapest, Athens). Over the course of the coming five years, the consortium will exchange knowledge to investigate and realize more than 30 concrete projects.
