European Commission has 164 million euros for Startups to Help Fight Virus

Tue 17 Mar 2020

The European Commission is looking for startups and small and medium-sized enterprises that have or are developing technologies and innovations to help combat the coronavirus.

The European institution is calling for these companies to apply "urgently" for the next round of funding from the European Innovation Council (EIC). Applications for the total funding of 164 million euros, which will be part of the EIC's fast-track program, end this Wednesday 18 March at 5 pm Brussels time.

This program, the European Commission warns, has no pre-defined priorities or applicants, and applications relating to solutions to combat the pandemic will nevertheless be "evaluated in the same way as the other applications". "However, the Commission will quickly seek to allocate grants and funding (combining grant and equity investment) for relevant coronavirus-related innovations, as well as facilitating access to other sources of funding and investment," explains the institution in its online announcement.

The European Commission is already monitoring and supporting several companies that are working on innovations related to the new Covid-19, such as the EpiShuttle projects, which specializes in isolation units, m-TAP, a filtering technology to remove the contaminated material, and MBENT, which helps to control human mobility as the epidemic progresses.

This weekend, about 120 Portuguese startups got together and created the TECH4COVID19 project, which in just two days has already given rise to 12 projects related to preventing and fighting the coronavirus.

Read the original article here.

Photo by Maryna Yazbeck on Unsplash

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