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EU Supports With 150 Million Euros For Pandemic Response Solutions COVID-19

Entrepreneurs, small and medium-sized businesses with effective solutions to cope with the COVID-19 pandemic will be supported from the 150 million euro package.

The European Commission's recent announcement (EC) says the agency has decided to add 150 million euros dedicated to the European Council's Innovation Promotion Program (EIC).

Startups, small and medium-sized businesses with effective solutions to help the European Union (EU) respond to the COVID-19 pandemic will be supported in a 150 million euro package.

Currently, nearly 4,000 businesses have signed up to participate in this program. The list of EIC startups as well as small and medium enterprises will be announced later this month.

In addition, the EC also committed to awarding the title of "excellent brand" to businesses with innovative ideas related to the SARS-CoV-2 virus that causes COVID-19 without receiving EIC funding, in order to Supporting businesses seeking other funding sources.

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