Four EI-backed companies awarded total of €23m in European funding

Four Enterprise Ireland backed companies were recently awarded more than €23 million in funding under the EU’s European Innovation Council accelerator programme.

Ireland ranked fifth based on the value of funding recommended in the round. Companies from Germany, France, Finland and the Netherlands ranked higher. Medical device company Loci Orthopaedics was awarded more than €8 million, with €2.5 million in grant funding and a €5.5 million equity investment, supported by the European Investment Bank. The company has developed a new implant for the treatment of thumb base joint arthritis.

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Four Irish companies secure €23m in EU accelerator fundingThe companies who are to receive the money are Galway-based companies InVera Medical and Loci Orthopaedics, Dublin-based Selio Medical, and Mayo-based Ovagen. ​ ​Ireland comes fifth in value of funding received by EU fund.
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