{"id":8677,"date":"2021-01-07T13:52:44","date_gmt":"2021-01-07T13:52:44","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=8677"},"modified":"2021-01-07T13:52:44","modified_gmt":"2021-01-07T13:52:44","slug":"announcing-the-first-equity-investment-through-the-european-innovation-council-fund","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/","title":{"rendered":"Announcing the first equity investment through the European Innovation Council Fund"},"content":{"rendered":"

The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m, through the new European Innovation Council Fund.<\/h2>\n

42 innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity investment for science and development to scale up breakthrough innovations in health, circular economy<\/a>, advanced manufacturing, and other areas.<\/p>\n

Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: \u201cEurope has many innovative, talented startups, but too often these companies remain small or relocate elsewhere. This new form of financing \u2013 combining grants and equity \u2013 is unique to the European Innovation Council. It will bridge the funding gap for highly innovative companies, unlock additional private investments and enable them scale up in Europe.\u201d<\/p>\n

The equity investments, ranging from \u20ac500 to \u20ac15m per beneficiary, complement the grant financing, which has already been provided through the European Innovation Council<\/a> Accelerator Pilot to enable companies to scale up faster. This is the first time the Commission has made direct equity or quasi-equity investments, namely equity investment blended with a grant, in startup companies, with ownership stakes expected to range from 10% to 25%.<\/p>\n

Under the European Innovation Council, a total of 293 companies have already been selected for funding worth over \u20ac563m in grants since December 2019. Among those, 159 companies have been selected to additionally receive the new equity investments from the fund. The 42 companies announced today are the first of this group to successfully pass the evaluation and due diligence process. The other 117 companies are in the pipeline to receive investments pending the outcome of the relevant process.<\/p>\n

The first EU company to receive funding<\/h3>\n

The French company CorWave<\/a> was the very first to receive a direct equity investment. CorWave’s mission is to bring a new standard of care to patients with life-threatening heart failure. The \u20ac15m EIC Fund investment has played a critical role by mobilising additional investors to unite behind the French SME, which led to a \u20ac35m of investments in the fourth stage of startup financing for CorWave.<\/p>\n

This sizeable venture will enable CorWave to successfully bring to the market and scale up its innovative medical solution \u2018Left Ventricular Assist Device\u2019 (LVAD), which will significantly improve the lives of those with advanced heart failure, reducing severe complications and the need for rehospitalisation, while at the same time improving their quality of life. CorWave’s high-growth potential will also translate into high-quality jobs in the EU.<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.<\/p>\n","protected":false},"author":4,"featured_media":8678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[766,24429],"tags":[10988],"acf":[],"yoast_head":"\nAnnouncing the first equity investment through the European Innovation Council Fund<\/title>\n<meta name=\"description\" content=\"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcing the first equity investment through the European Innovation Council Fund\" \/>\n<meta property=\"og:description\" content=\"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\" \/>\n<meta property=\"og:site_name\" content=\"Innovation News Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/InnoNewsNetwork\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T13:52:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Caitlin Magee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@InnoNewsNetwork\" \/>\n<meta name=\"twitter:site\" content=\"@InnoNewsNetwork\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Caitlin Magee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\"},\"author\":{\"name\":\"Caitlin Magee\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/5186ad57c79ad5162638977775a065d2\"},\"headline\":\"Announcing the first equity investment through the European Innovation Council Fund\",\"datePublished\":\"2021-01-07T13:52:44+00:00\",\"dateModified\":\"2021-01-07T13:52:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\"},\"wordCount\":408,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg\",\"keywords\":[\"EIC\"],\"articleSection\":[\"Research & Discovery\",\"Science\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\",\"name\":\"Announcing the first equity investment through the European Innovation Council Fund\",\"isPartOf\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg\",\"datePublished\":\"2021-01-07T13:52:44+00:00\",\"dateModified\":\"2021-01-07T13:52:44+00:00\",\"description\":\"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg\",\"contentUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"\u00a9 iStock\/assalve\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.innovationnewsnetwork.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Announcing the first equity investment through the European Innovation Council Fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#website\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/\",\"name\":\"Innovation News Network\",\"description\":\"Science, Research & Innovation News\",\"publisher\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.innovationnewsnetwork.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#organization\",\"name\":\"Innovation News Network\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"contentUrl\":\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"Innovation News Network\"},\"image\":{\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/InnoNewsNetwork\",\"https:\/\/x.com\/InnoNewsNetwork\",\"https:\/\/www.linkedin.com\/company\/innovation-news-network\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/5186ad57c79ad5162638977775a065d2\",\"name\":\"Caitlin Magee\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9317ff5b599c1691af439d8adbf8433d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9317ff5b599c1691af439d8adbf8433d?s=96&d=mm&r=g\",\"caption\":\"Caitlin Magee\"},\"sameAs\":[\"https:\/\/www.innovationnewsnetwork.com\"],\"url\":\"https:\/\/www.innovationnewsnetwork.com\/author\/caitlinmagee\/\"}]}<\/script>\n","yoast_head_json":{"title":"Announcing the first equity investment through the European Innovation Council Fund","description":"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/","og_locale":"en_GB","og_type":"article","og_title":"Announcing the first equity investment through the European Innovation Council Fund","og_description":"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.","og_url":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/","og_site_name":"Innovation News Network","article_publisher":"https:\/\/www.facebook.com\/InnoNewsNetwork","article_published_time":"2021-01-07T13:52:44+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg","type":"image\/jpeg"}],"author":"Caitlin Magee","twitter_card":"summary_large_image","twitter_creator":"@InnoNewsNetwork","twitter_site":"@InnoNewsNetwork","twitter_misc":{"Written by":"Caitlin Magee","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#article","isPartOf":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/"},"author":{"name":"Caitlin Magee","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/5186ad57c79ad5162638977775a065d2"},"headline":"Announcing the first equity investment through the European Innovation Council Fund","datePublished":"2021-01-07T13:52:44+00:00","dateModified":"2021-01-07T13:52:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/"},"wordCount":408,"commentCount":0,"publisher":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage"},"thumbnailUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg","keywords":["EIC"],"articleSection":["Research & Discovery","Science"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/","url":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/","name":"Announcing the first equity investment through the European Innovation Council Fund","isPartOf":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage"},"thumbnailUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg","datePublished":"2021-01-07T13:52:44+00:00","dateModified":"2021-01-07T13:52:44+00:00","description":"The European Commission has announced the first round of direct equity investment for science and development, worth \u20ac178m.","breadcrumb":{"@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#primaryimage","url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg","contentUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2021\/01\/equity-investment.jpg","width":1920,"height":1080,"caption":"\u00a9 iStock\/assalve"},{"@type":"BreadcrumbList","@id":"https:\/\/www.innovationnewsnetwork.com\/announcing-the-first-equity-investment-through-the-european-innovation-council-fund\/8677\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.innovationnewsnetwork.com\/"},{"@type":"ListItem","position":2,"name":"Announcing the first equity investment through the European Innovation Council Fund"}]},{"@type":"WebSite","@id":"https:\/\/www.innovationnewsnetwork.com\/#website","url":"https:\/\/www.innovationnewsnetwork.com\/","name":"Innovation News Network","description":"Science, Research & Innovation News","publisher":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.innovationnewsnetwork.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.innovationnewsnetwork.com\/#organization","name":"Innovation News Network","url":"https:\/\/www.innovationnewsnetwork.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg","contentUrl":"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2022\/01\/inn-logo-yoast-seo-organisation-1920-1080-001.jpg","width":1920,"height":1080,"caption":"Innovation News Network"},"image":{"@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/InnoNewsNetwork","https:\/\/x.com\/InnoNewsNetwork","https:\/\/www.linkedin.com\/company\/innovation-news-network\/"]},{"@type":"Person","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/5186ad57c79ad5162638977775a065d2","name":"Caitlin Magee","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.innovationnewsnetwork.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9317ff5b599c1691af439d8adbf8433d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9317ff5b599c1691af439d8adbf8433d?s=96&d=mm&r=g","caption":"Caitlin Magee"},"sameAs":["https:\/\/www.innovationnewsnetwork.com"],"url":"https:\/\/www.innovationnewsnetwork.com\/author\/caitlinmagee\/"}]}},"publishpress_future_action":{"enabled":false,"date":"2025-02-07 13:00:40","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/8677"}],"collection":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/comments?post=8677"}],"version-history":[{"count":1,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/8677\/revisions"}],"predecessor-version":[{"id":8679,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/posts\/8677\/revisions\/8679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/media\/8678"}],"wp:attachment":[{"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/media?parent=8677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/categories?post=8677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.innovationnewsnetwork.com\/wp-json\/wp\/v2\/tags?post=8677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}