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crisis response initiative

EIT Manufacturing selects eight companies to benefit from EIT Crisis Response venture support instrument

As part of the EIT’s Crisis Response Initiative, EIT Manufacturing has decided to allocate more than EUR 2.3 million to support eight high potential SMEs, each receiving grants ranging from EUR 200 000 to EUR 400 000 to develop their innovations to boost recovery from the pandemic.

In addition to these eight companies, EIT Manufacturing has also selected an additional, high-potential six companies that will receive business development support over the next three years (2021/2022/2023).

11 start-ups affected by COVID-19 helped by EIT Health

EUR 5.5 million in co-investment through Start-up Rescue Instrument to help companies maintain business continuity.

EUR 5.5 million has been awarded by EIT Health to start-ups in Europe. This will support business continuity in response to the COVID-19 pandemic. Initiated by EIT Health in May, the Start-up Rescue Instrument called on highly innovative biotech, medtech and digital health start-ups to apply to receive, in return for options, up to EUR 500 000 in co-investment from EIT Health.

EIT Climate-KIC receives €8.4 million for innovation projects that stimulate job creation and support a post COVID-19 green recovery

Eleven climate innovation projects across Europe tackling COVID-19 related challenges have been selected to receive funding as part of the “Pandemic Response Projects”, one of the two instruments of the EIT Crisis Response Initiative.

The EIT Climate-KIC team chose the projects with the highest potential for job creation and economic regeneration to contribute to the European Union’s response to the COVID-19 pandemic.