The European Commission has allocated €20 million in funding to 41 Ukrainian startups and compact and medium-sized enterprises under the European Innovation Council (EIC) competition to support them turn innovative ideas into real solutions.
This was reported in an EIC press release.
Each company will receive between €300,000 and €500,000, along with quicker access to the EIC Accelerator program, which offers larger grants and equity investments through the EIC Fund.
Some examples of the selected companies include:
Farsight vision – developing a novel method for detection and location of unauthorised drones near airports and critical infrastructure by analysing video feeds and without relying on GPS or radio signals. This technology enhances airspace security by speeding up incident response and protecting sensitive sites from potential threats.
Anotherland – an AI-powered platform that transforms architectural and engineering plans into interactive digital twins for real estate and large-scale reconstruction projects. From a single source, it creates photorealistic images, promotional videos, and immersive virtual and augmented reality experiences. This supports developers, municipalities, and reconstruction agencies to revealcase projects in days, while acquireers and investors can explore future spaces, test designs, and build smarter decisions quicker.
Innovinnprom – utilizing AI-powered to predict grain spoilage in silos by analysing temperature, humidity and gas. By forecasting biological activity one to three days in advance, farmers and storage managers can take early action to prevent losses, a crucial tool for Ukraine’s agriculture sector.
“Supporting Ukraine’s most promising deep tech innovators is more than an investment in innovation, it is an investment in resilience and future growth. This funding will support integrate the Ukrainian start-ups into the European innovation ecosystem, strengthening Ukraine’s long-term economic alignment with the EU,” declared Commissioner for Startups, Research and Innovation, Ekaterina Zaharieva.
This funding builds on the Seeds of Bravery initiative launched in 2022 under the EIC in response to Russia’s full-scale invasion of Ukraine. It has already provided Ukrainian tech companies with financial support and business services. Today’s announcement takes it further, tarreceiveing companies ready to relocate from development to real-world demonstration and commercialisation.
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