Since December 2019, 293 companies have received €563 under the EIC Accelerator. 159 companies have been selected to additionally receive the new equity investments from the European Innovation Council 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. The startups will receive from €500.000 to €15 million.

Two of the companies funded are:

Hiber (The Netherlands): an international satellite and communication company that provides global and affordable Internet of Things connectivity;
XSUN (France): a solar aircraft company that designs energy-independent drones to be fully autonomous so they can operate without any human intervention;

European Innovation Council investment opportunities.