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08 Jun 2020

EU grants €314 million to innovative companies to combat the virus and support recovery

On 8 June 2020, the Commission announced that it has awarded nearly €166 million, via the European Innovation Council (EIC) Accelerator Pilot, to 36 companies set to combat the coronavirus pandemic. In addition, over €148 million will be granted to another 36 companies set to contribute to the recovery plan for Europe, bringing the total investment from Horizon 2020, the EU's research and innovation programme, to €314 million in this round.

The selected 36 companies that will contribute to the fight against the coronavirus will work on pioneering projects, such as on expanding the production of bio-decontamination wipes, developing ventilation monitoring systems that provide first aiders with real-time feedback on the quality of the ventilation given to the patient, or developing an antibody platform to treat severe cases of infection. From Austria, one company was selected which is developing an image-based search engine and triaging software for lung CTs to improve radiology workflows (CONTEXTFLOW GMBH3D).

An additional 36 companies, set to support the recovery plan for Europe, will work across a multitude of sectors and projects, which include for example the development of stronger and taller wind turbine towers made from wood modules, with the potential to massively reduce wind energy costs, an organic fertiliser production system, and a blockchain-based solution for sustainable recycling practices of manufacturers.

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