Prosion–EU (govt): grant, 202111– EIC Accelerator grant €2.5m

	Period	2021-11-23
	Money taker	Prosion GmbH (Prosion Therapeutics)
	Money source	European Investment Fund (EIF)
	Group	EU (govt)
	Product	drug discovery
	Product 2	business development (state/region)
	Index term 2	Prosion–EU (govt): investment, 202111– option for equity investment from EIC Accelerator

Prosion GmbH. (11/23/21). "Press Release: Prosion Receives an EIC Grant of €2.5m".

The European Commission backs PROSION with a 2.5 million grant through their prestigious EIC Accelerator, with the option for PROSION to receive additional funding through an equity investment.

The EIC accelerator supports individual small and medium enterprises (SMEs) to develop and scaleup game-changing innovations. Following a highly-competitive application process, the selected companies are offered a combination of grant financing and equity investment of up to €17 million for their breakthrough innovations.

Over 4000 SMEs all over Europe have sent their application to the EIC since March 2021. We at PROSION are extremely proud to be among the 65 selected companies. Having founded PROSION with a clear vision to make a difference in the fight against widespread diseases such as cancer, we wholeheartedly thank the European Commission and #EUeic for believing and investing in our innovation and look forward to our fruitful collaboration.

– Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth:
“The EIC Accelerator is a unique European funding instrument of the European Innovation Council. It supports the development of top-class innovations through crowding-in private investors and offers a portfolio of services to support their scalingup. With the European Innovation Council we aim to bring Europe to the forefront of innovation and new technologies, by investing in new solutions for the health, environmental and societal challenges we are facing.”

Record changed: 2024-01-09

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