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924 Early-stage startups may miss out as Europe’s accelerator fund gets a 50% cut 

150sec
Akriti Seth @ 150sec 2 place · 07/25/2023 09:06 EDT

Early-stage startups may miss out as Europe’s accelerator fund gets a 50% cut 

The European Commission’s (EC) European Innovation Council (EIC) Accelerator Fund is set to see a significant decrease in funding, from €1.09 billion in 2023, to €563 million in 2024, putting early-stage startups at a disadvantage. Deemed to be “the most impactful and coveted funding instrument,” the EC’s EIC Accelerator Fund is known to support high-risk, ...

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