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Latest EIC funding call has 7% success rate

Image: MikhailMishchenko, via Getty Images

Only 68 companies from 969 applicants secured Accelerator money from European Innovation Council

The latest round of European Innovation Council funding for technology-based startup companies yielded a 7 per cent success rate for applicants.

Of 969 companies that submitted a full proposal, only 68 will receive funding from the EIC, the funder announced on 15 July. It described the application process as “highly competitive”.

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