European Innovation Council Fund

The European Innovation Council (EIC) Fund is the venture arm of the European Innovation Council (EIC). It was set up as a capital fund under private law with the European Commission as a shareholder to fund companies selected under the EIC Accelerator . With a budget of over €10 billion, the EIC is strengthening Europe's leadership in deep tech innovation by generating a pipeline of startups with the potential to become unicorns . The EIC Fund bridges the funding gap for deep tech European startups that have market-creating potential but carry a high risk for private and public investors . The EIC Fund supports these companies with patient capital to minimize this risk .