Barocal awarded €2.45 Million EIC Accelerator grant
Summary
Barocal received a €2.45 million grant from the European Innovation Council Accelerator. The round was highly competitive, with more than 1,200 applications across Europe and only 71 companies selected. The funding will support the company’s next stage of development, including scaling technology, expanding the team, and preparing for deployment. The announcement also highlights the EIC’s broader commitment of grant and equity capital to breakthrough startups and SMEs.
Funding
Amount
$2.6M
Total raised
Date
October 1, 2024
Announcement date
Investors
EASME - EU Executive Agency for SMEs
Lead investors
Company
barocal.com
Funded company
Classifications
industries
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applications
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