Cellbox Solutions GmbH Awarded €2.5 Million Grant Combined with an Equity Component of up to €10 Million Under the European Innovation Council´s Accelerator Program
Summary
Cologne, Germany July 05, 2023 - Cellbox Solutions GmbH, a leading provider of warm chain logistics solutions for the research, development and shipment of cell-based therapies and cellular diagnostics, today announced that the Company has been awarded an initial grant of 2.5 million combined with an additional equity funding of up to 10 million under the European Innovation Council (EIC) Accelerator program sponsored by the European Union.Cellbox has established a significant global footprint in the life sciences R&D sector by enabling academic and industrial groups to transport difficult-to-freeze and non-freezable cell types such as organoids, tissue patches, cellular 3D prints and others. The equity component will be used to expand Cellbox\xb4 logistics services and establish logistics hubs in Europe, the U.S., and APAC.The two-year 2.5 million grant will be disbursed in August 2023 and will be complemented by the EIC Funds equity investment starting in early 2024.We are very proud that the EIC Accelerator jury has chosen to support Cellbox in the development and commercialization of its sophisticated warm chain logistics solutions in a fierce competition among numerous European start-up applicants, said Kathrin Adlkofer, Prof. PhD, Founder of Cellbox Solutions GmbH. The Company\xb4s portable CO2 incubator, Cellbox, provides a controlled and optimal environment for the transport of living cells and biological structures. Temperature and CO2 levels can be adjusted to ensure optimal incubation conditions.For more information, please visit The EIC was established by the European Commission as part of the EU\xb4s Horizon Europe program. In addition to financial support, all projects benefit from a range of business acceleration services that provide access to leading expertise, companies, investors and ecosystem players.