Funding available for startups & SMEs to tackle Coronavirus pandemic

If you are a startup or an SME (or you aspire to be one) and motivated to help tackle the current Coronavirus pandemic, there are funds from the European Innovation Council (EIC) waiting for you! The EIC has earmarked a sum of €164m for this round of funding.

European Innovation Council (EIC) funding to tackle coronavirus

The European Commission is calling for startups and SMEs with technologies and innovations that could help in treating, testing, monitoring or other aspects of the Coronavirus outbreak to apply urgently to the next round of funding from the European Innovation Council.

Application deadline

Applicants are to note that the deadline for the EIC Accelerator is 17:00 on Wednesday 18 March (Brussels local time).

What startups and SMEs can apply?

It is important to note that there are no predefined startup or SME categories:

Applicants with Coronavirus relevant innovations will be evaluated in the same way as other applicants. Nevertheless, the Commission will look to fast track the awarding of EIC grants and blended finance (combining grant and equity investment) to Coronavirus relevant innovations, as well as to facilitate access to other funding and investment sources.

How to apply for the EIC funding

Interested startups and small and medium-sized enterprises (SMEs) who can help combat the Coronavirus outbreak can visit the official page of the EIC to commence their application.

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