EIT Food COVID-19 Bridge Fund - Call for applications [Update]
EIT Food has launched COVID-19 Bridge Fund for EU agrifood startups that have been affected by coronavirus as part of the EIT Crisis Response Initiative.
This call was open to all European agrifood 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 have completed prior EIT Food Business Creation programmes.
Startups with high impact and growth potential have been hit hard by the coronavirus pandemic. Many innovation activities needed for ventures to bring their solution to market are being delayed and disrupted, customer adoption has slowed down and raising capital from external investors is proving more challenging.
As part of the EIT’s Crisis Response Initiative, this activity directly contributes to the European Union’s response to the COVID-19 pandemic.
The unique funding mechanism will provide timely financial support of between €200,000 and €500,000 to a select number of agrifood ventures addressing one of EIT Food’s focus areas:
- Alternative proteins
- Sustainable Agriculture
- Targeted Nutrition
- Sustainable aquaculture
- Digital transformation of traceability
- Circular food systems
The aim of the financial support is to help ventures adapt to the crisis, to continue critical innovation activities, and to bridge the gap to securing follow-on funding.
The application period for this call has ended and the winning agrifood ventures have been selected. Click here to see the Covid-19 Bridge Fund recipients.
Webinar
EIT Food hosted a webinar about this Call on Wednesday 20th May, from 15:30 CET to 16:30 CET. To join the webinar, please register here.
The webinar will be recorded and published on the EIT Food website on Thursday 21st May. If you still have questions after watching the webinar recording, please get in touch with Thomas van den Boezem on thomas.vandenboezem@eitfood.eu.
As part of the EIT’s Crisis Response Initiative, this activity directly contributes to the European Union’s response to the COVID-19 pandemic.