Munich, 16th October 2019 – Munich-based ADVITOS receives €2.3m EIC Accelerator grant from the European Union and Seal of Excellence for first class innovations.
“We are very excited to receive such a prestigious and international recognition by the European Union. It is our honor to hold the Seal of Excellence for first-class innovations worth of investment in this highly competitive programme.”, says Assoc. Prof. Dr. med. Bernhard Kreymann, Inventor of the ADVOS technology, founder and CEO of ADVITOS. “The secured grant of €2.3m will be used to improve our multi organ support device in terms of ease of use, to integrate IoT for remote access and maintenance and to prepare the international expansion by increasing our marketing and communication measures in Western Europe.”
The EIC Accelerator (SME Instrument Phase 2) is part of the European Innovation Council (EIC) pilot that supports top class innovators, entrepreneurs and small companies with funding opportunities and acceleration services like coaching and support in commercialization. The focus of the EIC Accelerator’s SME Instrument Programme is on disruptive, market-creating innovations that have significant growth potential and global ambitions.
Among 2,025 proposals submitted in this year’s 3rd cut-off of the SME Instrument Phase 2 (HORIZON 2020), only 4.6% (94) were selected by the jury of experts as projects worth funding.