The European Innovation Council (EIC) is opening a new, decisive chapter in its support for Ukraine’s tech ecosystem with the launch of a landmark €20 million funding program. Aimed at the nation’s most ambitious deep-tech startups and SMEs, this initiative builds on the momentum of the successful “Seeds of Bravery” project and is designed to accelerate the next wave of Ukrainian innovation.

The program is a strategic move to not only fuel the growth of Ukrainian companies but also to weave them deeply into the fabric of the European innovation ecosystem. The core mission is to provide the critical investment and support needed for these ventures to scale their groundbreaking solutions and conquer new markets.

Who is the EIC looking for?

This initiative targets deep-tech startups and SMEs poised to make a significant impact. The EIC is seeking companies with highly effective, innovative technologies, products, or business models that have the potential to create new markets or disrupt existing ones. Ambitious founders who are ready to scale globally are strongly encouraged to apply.

Key technology sectors include, but are not limited to:

• Cybersecurity
• Artificial Intelligence (AI) and Machine Learning (ML)
• Robotics and Autonomous Systems
• Satellite, Space, and Maritime Technologies
• Biotechnology and Renewable Technologies

In a significant move to foster diversity and inclusion, the European Commission has emphasized that women-led companies are especially encouraged to participate.

What’s on the Table?

Selected companies will receive a comprehensive package designed for rapid growth:

• A substantial grant from the EIC, ranging from €300,000 to €500,000.
• Complimentary access to the prestigious EIC Business Acceleration Services, offering elite coaching, mentorship, and networking events tailored to their specific needs.
• A coveted spot in the Fast Track to the EIC Accelerator program, opening the door to even larger grants and direct equity investments from the EIC.

Key Requirements for Applicants:

• Must be classified as an SME (including startups).
• Must be registered in Ukraine, OR have been initially registered in Ukraine and relocated to an EU or Horizon Europe associated country after February 24, 2022.
• At least one founder, co-founder, or C-level executive (CEO, CTO, CSO) must be a Ukrainian citizen.
• The project’s Technology Readiness Level (TRL) should be between 4 and 7.

Program at a Glance:

• Total Budget: €20 Million
• Grant Size: €300,000 – €500,000 per company
• Applications Open: August 12
• Application Deadline: November 26

This is more than just funding; it’s a gateway to the European market and a powerful endorsement of Ukrainian technological prowess.

Ready to scale your innovation? For full details and to submit your application, visit the official EIC funding portal: EIC Call for Proposals

Source: USF