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Source: European Innovation Council Impact Report 2023

How many companies have been approved for EIC Fund investment since the Horizon Europe restructure and what are the terms?

Answer
201 companies have been approved for investments worth €1.3 billion; 104 companies have signed 110 investment agreements (with further pilot agreements). About 68% received equity and the remainder quasi-equity (convertible loans and SAFEs). The average fundraising ticket size under Horizon Europe is €17 million (versus €12 million under the pilot).
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