MAGNOTHERM wins the EIC Accelerator with a 2.5m€ grant and a potential co-investment of 4m€ in a future Series A financing round.
The European Commission selected 99 innovative start-ups and SMEs that will receive EUR 627 million of EU funding to help them bring their promising technologies to the market.
In addition to financial support, MAGNOTHERM benefits from a range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors.
MAGNOTHERM was selected following a rigorous process, introduced under Horizon Europe, involving an ideas screening stage, and full applications assessed by external experts and an interview with a jury of experienced investors and entrepreneurs.
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