News

November 17, 2022

EU deeptech fund speeds up investments but many startups still left waiting for funding

The European Investment Council (EIC) Fund has finalised equity agreements with two new startups and taken a positive decision about 33 others — but many companies are still waiting for their money


Zosia Wanat

2 min read

Image of EU flags outside the European Commission building in Brussels

The EU is slowly moving forward with reviving its stalled investment scheme for European deeptech startups, announcing that the recent restructuring of the European Innovation Council (EIC) Fund — the equity investment arm of the EIC —  has led to the finalisation of two new equity investments and an acceleration of it decision-making processes about other startups. 

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Zosia Wanat

Zosia Wanat was a senior reporter at Sifted. She covered the CEE region and policy. Follow her on X and LinkedIn

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