“Together with the four Austrian companies selected back in October 2022, in total more than 42 million euros in financing will be made available for the eight companies, representing a considerable stimulus for Austria as a technology location,” says Martin Kocher, Minister of Labor and Economy. “The EIC Accelerator is becoming an important element in the Austrian scale-up ecosystem and serves as an additional boost to the development of private risk financing. The aim of the EIC Accelerator is to ensure that the various forms of financing are coordinated as well as possible, and this benefits the companies.”
The two FFG Managing Directors Henrietta Egerth and Klaus Pseiner are convinced: “The financing model is highly innovative because the funding is supplemented by a capital injection from the specially founded EIC Fund if required. This should also enable private investors to come on board and ensure a rapid international market breakthrough for the companies.”