EIC Fund Supports European Deeptech Startups with €3.5bn

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 aims to support over 500 startups in the region over the next five years.