The European Innovation Council (EIC) is a European Union initiative established under the Horizon Europe programme with a budget of over €10 billion to support high-risk, high-impact innovations throughout their lifecycle. It serves as a funding agency, providing grants and equity investments to startups and SMEs, with a focus on "deep tech" innovations in areas like new space technologies, generative AI and agri-tech. The EIC aims to identify, develop, and scale up breakthrough technologies, fostering European leadership in the space sector and beyond and partners with organizations like Thales Alenia Space to foster innovation.
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EnduroSat announced an additional $104 million in funding in October 2025 from investors including Riot Ventures, Google Ventures, Lux Capital, Shrug Capital, and the European Innovation Council Fund.
The European Innovation Council awarded Arkadia Space 14.5 million euros to expand its industrial capacity.
The September 2025 Cailabs funding round included participation from Bpifrance’s Definvest and Fonds Innovation Defense, NewSpace Capital, the European Innovation Council, and Starquest Capital.
The European Innovation Council supported Atmos Space Cargo’s Series A round through its Accelerator program.
Arkadia secured funding through the European Innovation Council Accelerator program to support industrialization of its bipropellant technology.
Keen Defence and Security and the European Innovation Council participated in ATMOS Space Cargo’s Series A round.
The European Innovation Council provided ATMOS Space Cargo with grant and equity funding through its accelerator program.
The European Innovation Council contributed to ATMOS Space Cargo's Series A funding round.
The European Investment Bank supports Space TechEU and provides advisory support with the European Commission, the European Space Agency, and the European Innovation Council.
The European Innovation Council’s support for Arkadia Space includes €2.5 million in grant funding and €6 million in equity financing matched by €6 million in private investment.
Arkadia Space secured €14.5 million from the European Innovation Council to develop an upgraded bipropellant propulsion system and expand production capabilities.
Arkadia Space was selected by the European Innovation Council through the European Innovation Council Accelerator program.
Arkadia Space is the first Spanish space company to access the European Innovation Council Accelerator instrument.
The European Innovation Council Accelerator received 923 applications from across Europe and selected 61 companies in this edition.
In February 2025, the European Innovation Council provided OQ Technology a €2.5 million grant and up to €15 million in equity financing to support development of direct-to-device technology.
EnduroSat closed a $48 million investment round led by Founders Fund and a $104 million round backed by Riot Ventures, Google Ventures, Shrug Capital, and the European Innovation Council Fund.
The Agenzia Spaziale Italiana supported three start-ups that were selected in the latest call of the European Innovation Council Accelerator.
The first commercial mission is supported by the European Commission through the European Innovation Council (EIC) and cofunded by the French governmental program France 2030.
OQ Technology secured a €2.5 million ($2.9 million) grant from the European Innovation Council to test secure direct-to-device messaging.
The funding round included participation from the European Innovation Council Fund, Matterwave Ventures, Wind Capital, Balnord, IRD, and Newfund Capital.