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June 4, 2025

Startup payments frozen following EU fraud investigation

An audit conducted by the European Anti-Fraud Office found ‘serious irregularities’

Mimi Billing and Freya Pratty

3 min read

A group funded by the EU’s European Institute of Innovation and Technology (EIT) has suspended payments to business partners, following an investigation into its management of funds.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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