Technology

Alice & Bob, Oledcomm, SquareMind… These EU-funded French tech startups

The European Innovation Council (IEC), attached to the European Commission, announced on October 14, 2021 a new wave of start-ups that will benefit from its financial support. A total of 65 European start-ups and SMEs benefit from a budget of 363 million euros in financing for their innovations within the framework of this CEI accelerator.

Each company will receive a combination of grants and capital investments of up to 17 million euros, ”says the CEI. A total of 227 million euros, of the 363 million, will be made in the form of investment.

Beyond funding, support

The fund was created by the European Commission to make direct equity investments in promising startups working on innovative technologies or advanced engineering. It is now attached to an accelerator that allows startups to access a set of services, be it for experts, companies, investors, or ecosystem players.

This accelerator “supports the development of high-level innovations by attracting private investors and offers a portfolio of services to support the development of these innovations on a larger scale”, explains Mariya Gabriel, commissioner of innovation, in the area of ​​research, culture, education and youth. . The first two envelopes were launched in January and June, which allowed 111 start-ups to be awarded more than 500 million euros.

Putting Europe at the forefront of innovation

The idea is to help them expand their innovation in healthcare, digital technologies, energy, biotechnology, space and others. “With the European Innovation Council, we intend to place Europe at the forefront of innovation and new technologies, investing in new solutions to face the health, environmental and social challenges we face”, Mariya Gabriel abounds.

For this funding to be awarded, startups must go through two stages: the evaluation of applications by external experts and an interview with a jury of investors and entrepreneurs. The 65 selected start-ups come from 16 countries and twelve of these start-ups are French.

The 12 French start-ups

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