Irish firms see most success in securing EU funding

Start-ups from Ireland cornered a combined €45.5 million in funding from the European Innovation Council’s accelerator last year

InVera co-founders Sean Cummins, Stephen Cox and Nigel Phelan. The company is one of a number of Irish firms to have secured EIC funding. Picture: Martina Regan

Ireland punches above its weight when it comes to securing financing from the European Innovation Council, which provides both grants and equity funding to deep tech companies, a new report shows.

The study shows Irish companies secured a combined €45.5 million in funding from the EIC’s accelerator last year, the seventh largest figure received out of 23 countries. Of this, €23 million was equity financing.

The data, which has been compiled by Lira, a Dublin-headquartered ...