Five Irish startup companies have been recommended for more than €20.5m in funding from the first European Innovation Council (EIC) Accelerator call.

The funds are made available under Horizon Europe – the EU’s key funding programme for research and innovation.

The five Enterprise Ireland-nominated Irish startups were selected from 2,700 applications submitted for first-stage evaluation ahead of a July deadline.

A total of 65 projects have now received recommendations for more than €360m in funding.

The five successful Enterprise Ireland client companies are AVeta Medical, Akara Robotics, CrannMED, Contego Sports and ProVerum.

Ireland ranks fourth in terms of the number of companies recommended for funding, alongside Denmark and after France, Germany and the Netherlands.

Source

Donal O’Donovan