Depending on its needs, each company will get up to 17.5 million in grants and/or equity investments.

The selected companies span across 17 EU and EEA nations, with the addition of Israel and the UK.

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The European Innovation Council splashes some cash on another 78 startups

These countries combined make up 53% of the total selection.

Other industries include mobility, climate management, energy storage, agriculture, manufacturing, and AI.

This is bound to grow, as the EICs Accelerator fund has secured1.13 billionfor 2023.

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Story byIoanna Lykiardopoulou

Ioanna is a writer at TNW.

With a background in the humanities, she has a soft spot for social impact-enabling technologies.

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European Innovation Council’s Accelerator funding or startups and SMEs in 2022

European Innovation Council Accelerator funding 2022 for startups and SMEs

Ioanna Lykiardopoulou