Six Irish SMEs have been selected for funding under the European Innovation Council (EIC) pilot in the latest funding round. Four Irish SMEs were selected for EIC Accelerator funding while one was selected for Fast Track to Innovation funding. A sixth Irish SME is a partner in a Spanish-led project. Each of these projects will receive between €0.5 and €3 million. With this funding and extra business acceleration support, they will be able to finance their close-to-market innovation activities and get on the market faster.
In total, the European Commission is awarding €33.2 million in FTI funding to 14 innovative projects, involving 56 partners in 19 countries. The selected projects will receive around €2 million each.
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