• Date: May 09, 2019

Are you an EU-based start-up seeking financial support to help get your innovative health project off the ground? Whether you’re at an early, prototype stage, or ready to enter the market, there are countless online resources aimed at helping new companies to track down investment opportunities. We’ve compiled a list of some of most relevant sites and EU-supported programmes and networks to help you start your search.

  • Access to finance - This site provides a breakdown of the EU-supported financing programmes available to European businesses. The search options allow users to filter programmes by company size, country and region, keyword, type of grant, and amount of finance needed, in order to help businesses find the most relevant grants.
  • EIC Fast Track to Innovation (FTI) - Also falling under the EIC pilot umbrella, this fund supports highly innovative projects that are on the verge of entering the market. The FTI grant aims to give consortia of SMEs, research institutions and universities the boost needed to get their projects into the market in minimal time. The call will remain continuously open until October 2020.
  • EIT Health Headstart Funding Programme - This fund is ideal for start-ups and SMEs on their way to developing a new product or service in line with EIT Health’s objectives of transforming healthcare. As well as being awarded funding of up to €50,000, successful projects will receive advice on the market-readiness of their product, and greater access to further investment opportunities. Project submission dates are normally at the beginning of the year.
  • EIT Health Investor Network - Focusing solely on health innovation, this initiative helps start-ups and SMEs seeking funding of €500k or more to connect with the right investors. This programme is most appropriate for companies which expect high growth in a short amount of time, and have the ambition of taking on the EU market. The next application deadline is 28 June.
  • The European Fund for Strategic Investments (EFSI) for SME - A joint initiative of the EIB Group and the European Commission, the EFSI fund aims to boost the European economy by investing in highly innovative projects by SMEs. This fund is open for applications all year round, and has already supported a number start-ups in the health innovation sphere.
  • InnovFin - The European Investment Bank and the European Union have joined forces to launch InnovFin. This initiative supports research and innovation projects from small and medium sized enterprises, large companies and research institutions. With more than 10 products available, this fund is suitable for projects at just about any developmental stage, from prototype to market-ready. Some of their focuses include infectious diseases, cancer and molecular diagnostics. To request more information, click here.
  • Invest Horizon - This accelerator programme is designed to help promising deep tech companies acquire Series A funding, and boost their investment readiness and investor relations. By joining the Invest Horizon community of investors, companies and business professionals, start-ups can build partnerships, and access funding opportunities and advice.
  • SME Instrument - This fund supports high-risk innovative projects with high market potential. It is part of the Enhanced European Innovation Council (EIC) pilot, which offers a number of pathways to receive financial support, such as FET Open, which supports start-ups based on breakthrough scientific discoveries. The SME Instrument recognises small to medium sized enterprises with the potential to disrupt existing markets, both across Europe and worldwide. Through the EIC Accelerator pilot, it offers grants, coaching and mentoring. After the cut-off date of 5 June 2019, support is offered in the form of blended finance (a combination of grant and equity). Several former CaixaImpulse projects, including GlyCardial Diagnostics and KAMLEON, have gone on to receive funding via SME Instrument.

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