• The European Innovation Council splashes some cash on another 78 startups

    The European Innovation Council splashes some cash on another 78 startups
    As part of the 2022 European Innovation Council (EIC) Accelerator program, the Commission selected 78 startups and SMEs to receive up to €470 million in funding. Depending on its needs, each company will get up to €17.5 million in grants and/or equity investments. The latter will be made through the EIC Fund, which is now “fully operational” after appointing Luxembourg-based Alter Domus as an external fund manager to streamline the equity payment process and avoid past del
  • Why supporting Ukraine’s tech ecosystem is so important

    Why supporting Ukraine’s tech ecosystem is so important
    War has decimated much of Ukraine’s economy, but a notable exception is the IT sector. As of November, the industry’s annual export revenues had hit a record $5.5 billion — 13% more than in the same period last year. Since Russia invaded in February, 58% of Ukrainian tech firms have processed new orders from clients. Despite brutal assaults, martial law, and general mobilization, 85% have restored their pre-war business activities. That’s according to Lviv IT Cluster, a

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