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EIC Fund: Backing Deeptech Startups with €3.5bn Fund
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The European Innovation Council Fund (EIC Fund) is Europe's most active investor, backing over 159 deeptech startups with a €3.5bn fund. The EIC Fund supports companies through grants and equity investments, offering a unique combination of funding options. Healthtech was the most popular sector for investment, with a focus on non-invasive heart failure monitors and hyperbaric oxygen therapy chamber makers. The EIC Fund is interested in startups working on major societal challenges, such as clean energy and materials, healthy aging, and AI. It aims to support over 500 startups in the region over the next five years.
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How does the EIC Fund's interest in major societal challenges impact the types of startups it supports?
What are some examples of deeptech startups that have received funding from the EIC Fund?
What are the potential benefits of the EIC Fund's combination of funding options?
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