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Organisation › Details

EIC Fund (European Innovation Council Fund)

Established in June 2020, the European Innovation Council Fund (EIC Fund) is a breakthrough initiative of the European Commission to make direct equity and quasi-equity investments (between €500.000 and €15 million) in European high impact and deep tech start-ups and scale ups. The EIC Fund provides patient capital and invests in companies from any sector, across all EU countries and countries associated to Horizon 2020. The EIC Fund aims to fill a critical financing gap and its main purpose is not to maximise financial investment returns, but to have a high impact by accompanying companies with disruptive technologies in their growth. Its objective is to crowd in market players, further sharing risks by building a large network of capital providers and strategic partners suitable for co-investments and follow on funding. The Fund pays particular attention to empower and support female founders as well as contributing to reduce the innovation divide among EU countries. *

 

Period Start 2020-06-01 established
  Group EU (govt)
Products Industry fund
  Industry 2 business development (state/region)
Persons Person Hauser, Hermann (Amadeus Capital Partners 200906 Partner)
  Person 2 Georgieva, Svetoslava (EU (govt) 202309 Board Chair of EIC Fund)
     
Region Region EU (European Union)_oo
  Country EU (European Union)
  City 1049 Brussels
    Address record changed: 2021-07-09
     
Basic data Employees n. a.
  Currency EUR
  Annual sales 3,600,000,000 (fund size (2021) 2021-01-06)
     
    * Document for »About Section«: Xenothera. (6/29/21). "Press Release: French Biotech Xenothera Accelerates Its Development with Fundraising of 20 Million Euros". Nantes.
     
   
Record changed: 2023-12-18

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