Startups developing tech to combat covid-19 urged to apply for fast track EU funding

The European Commission  put out a call Friday for startups and small businesses which are developing technologies that could help combat the COVID-19 outbreak to apply for fast-track EU funding.

The push is related to a €164M pot of money that’s being made available for R&D via the European Innovation Council (EIC) — a European Union  funding vehicle which supports the commercialization of high risk, high impact technologies.

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We are calling for startups and small businesses with technologies and innovations in:
treating
testing
monitoring
other aspects of #COVID19

Apply for fast-track EU funding – deadline 17:00 CET on 18 March ↓Coronavirus – Applications welcome from startupsec.europa.eu3,0294:52 PM – Mar 15, 2020Twitter Ads info and privacy3,123 people are talking about this

Per the Commission, covid-19 the funding does not have any particular thematic priorities attached to it, but it said today it will look to “fast track the awarding startups-developing-tech-to-combat-covid-19-urged-to-apply-for-fast-track-eu-funding of EIC grants and blended finance (combining grant and equity investment) to Coronavirus relevant innovations, as well as to facilitate access to other funding and investment sources”.

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The deadline for this call for applications to the EIC Accelerator is 17:00 on March 18 CET.

The Commission has a page of tips for applicants here.

It notes EIC funding is already supporting a number of startups and SMEs with “coronavirus relevant innovations” from funding awarded in previous rounds — pointing to the EpiShuttle project for specialised isolation units; the m-TAP project for filtration technology to remove viral material; and the MBENT project to track human mobility during epidemics.

The EIC is itself funded under the EU’s Horizon Europe research framework program.

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Back in February, the Commission said it expected to sign off on a significant increase for the EIC budget as of this month — to support “game-changing, startups-developing-tech-to-combat-covid-19-urged-to-apply-for-fast-track-eu-funding market-creating innovation and deep-tech SMEs to scale-up” as it works towards launching the next seven-year round of the Horizon Europe program in 2021.

It also said there would be a one-off EIC Accelerator call for “green deal” start-ups and SMEs in May 2020 cut-off round to align with its push to make the bloc carbon neutral by 2050.

Courtesy: techcrunch.com

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