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EIC Accelerator – 68 deep-tech start-ups in the latest funding round

Published on | 1 year ago

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The 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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image of ERC grants for UGent professor Lieven Eeckhout

ERC grants for UGent professor Lieven Eeckhout

Professor Lieven Eeckhout’s main research interests include computer architecture and the hardware/software interface with a specific emphasis on performance evaluation and modeling, and dynamic resource management.

Professor Eeckhout is the recipient of a European Research Council (ERC) Starting grant, Advanced grant and three Proof of Concept grants. Two of his former PhD students founded in 2013 CoScale, a spin-off in data center monitoring, which was acquired by New Relic.