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The EIC blended accelerator award combines both a grant and an optional equity co-investment of the European Investment Fund. The grant part enables the next step in Product Development, offering a complete solution including automated wafer handling.
The co-investment part could not be timed better. 2020 breakthrough developments resulted in an acceleration, triggering an investment round to provide capital for substantial scale-up of Solmates.
From the 4200 applicants 39 got awarded, meaning less than 1%. Matthijn Dekkers (CTO) says: ”This feels like winning the Champions League twice!”