The European Innovation Council (EIC) has selected 40 European startups and SMEs to receive funding, with most beneficiaries receiving blended finance combining grants and equity investment.
32% of the selected companies are led by women, reflecting progress in gender diversity in deep tech and innovation.
The selected companies come from 16 EU countries, with the most selected companies from Germany, Spain, the Netherlands, and Sweden.
Four innovative projects and companies from the Netherlands were selected, including Photosynthetic, Groove Quantum, Q* BIRD, and TargED Biopharmaceuticals.