EIT Food COVID-19 Bridge Fund
About EIT Food COVID-19 Bridge Fund
EIT Food is a pan-European partnership and leading innovation ecosystem designed to empower innovators and entrepreneurs to develop world-class solutions to food challenges, accelerate innovation, create jobs and increase Europe’s competitiveness. As one of the largest food-related initiatives worldwide, EIT Food wants Europe to lead a global revolution in food innovation and production, improve nutrition and making food systems more resource-efficient, secure, transparent and trusted.
Startups with high impact and growth potential have been hit hard. Many innovation activities needed for ventures to bring their solution to market are being delayed and disrupted. Customer adoption has slowed down. Moreover, raising capital from external investors proves more challenging.
The aim of the EIT Food COVID-19 Bridge Fund is to provide targeted support to high impact and growth potential start-ups and scale-ups during the crisis and adapt/accelerate to post crisis economic reality. With the bridge funding they will be able to continue their critical activities, extend their runway and prepare effectively for raising follow-on funding.
The EIT Food COVID-19 Bridge Fund can provide funding of between €200,000 and €500,000 per venture. This funding is to be spent wholly on a project plan completed by December 31st, 2020. The funding is open to all European food & agri startups and scaleups (based in a Member State of the EU or Horizon2020-associated country) that meet the eligibility criteria, including those currently supported by EIT Food and those who completed prior EIT Food business creation programmes.
Please review the Terms & Conditions before applying.
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