European Funding Programs for Innovative and Deep Tech Companies
Europe is a hotbed of innovation, and several funding programs are available to help innovative and deep tech companies get off the ground. These programs can provide grants, loans, equity investments, and other forms of support to help companies develop new technologies, create jobs, and grow their businesses.
Here are some of the top European funding programs for innovative and deep-tech companies:
Horizon Europe is the European Union’s flagship research and innovation program. It has a budget of € 95.5 billion over seven years, and it includes a number of funding opportunities for innovative companies. Innovation Actions are grants that support research and development projects that have the potential to lead to breakthrough innovations. Some of the most widely applicable programs operating with the financial support of Horizon Europe are:
The EIC Accelerator is a € 3.8 billion program supporting Europe’s most promising deep tech startups. It provides up to 2.5 million grants and equity investments of up to €15 million per company.
Eureka is a €130 million program that supports collaborative research and development projects between companies and research institutions in different European countries. It is a great way for companies to access new markets and expertise.
EU4Health is a €5.3 billion program that supports health research and innovation across the European Union. It includes funding for improving disease prevention, crisis preparedness, healthcare workforce, and digitalization.
The Digital Europe Programme is a €7.2 billion program that supports the development of digital technologies and infrastructure in Europe. It includes funding for projects that can improve artificial intelligence, cybersecurity, and cloud computing.
Interreg Europe is a €394 million program that supports interregional cooperation across the European Union. It includes funding for innovation projects that can help to address common challenges facing European regions.
The InvestEU Fund will mobilize more than €372 billion of public and private investment. The Framework Operation supports investments into Growth and expansion funds that provide equity and quasi-equity financing and support the continued growth of companies, including in order to finance increased production capacity, to finance market or product development. Eligible areas are&
- Research, development, and innovation;
- Digital technologies and services;
- SMEs and small mid-caps.
