The scheme offers grants, worth €75 000 each, to support the initial steps in the innovation process, and the growth of the company. It also offers mentoring and coaching under the European Innovation Council (EIC) Women Leadership Programme, and EU-wide networking opportunities.
Following the evaluation by independent experts, the Commission will be supporting a first cohort of 50 women-led companies from 15 different countries. Over 40 companies are based in EU Member States, including one fifth from Horizon Europe widening countries. Also, roughly one fifth are based in countries associated to Horizon Europe.
The companies proposed for funding have developed cutting-edge and disruptive innovations, across a range of areas, from early cancer diagnosis and treatments, all the way to reducing the negative impact of methane emissions. They address sustainable development goals (SDGs), like tackling climate change, reducing food waste, as well as widening access to education and empowering women.