News

28.12.2021

Lekatech selected for EIC Accelerator funding

Lekatech selected for EIC Accelerator funding

Lekatech was selected among the 99 European innovative companies to receive EIC (European Innovatiopn Council) Accelerator funding in October 2021 cut-off. The funding consists of a grant part and an equity investment part and totals about 6,3M€ over 4 years.

With the EIC-funding Lekatech will commercialize its innovative electric breaker hammer technology. The project contains pilot customer projects and setting up of supply chains for production and distribution. The funding enables Lekatech to reach for its ambitious objectives to become the industry benchmark in the emerging market of fully electric breaker hammers.

Background

The EIC Accelerator offers start-ups and SMEs grants of up to EUR 2.5 million combined with equity investments through the EIC Fund ranging from EUR 0.5 to EUR 15 million. In addition to financial support, all projects benefit from a range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors.

For further info, please contact Team Lekatech (www.lekatech.fi). About the funding further information can be found under https://eic.ec.europa.eu/news/largest-ever-funding-round-european-innovation-council-accelerator-99-innovative-companies-set-2021-12-16_en?mtm_campaign=nwl_12_2021

 

 


European Innovation Council and
Small & Medium-sized Enterprises Executive Agency (EISMEA)
Established by the European Commission

 

This project has received funding from the European
Union's Horizon 2020 research and innovation
programme under grant agreement No 866754