Yesterday, the European Commission announced the successful companies who applied for the European Innovation Council Accelerator. LiveEO is one of the 74 successful companies selected and will receive a grant of €1.7m to further develop its offering.
The project LiveEO applied with, titled EOinTime, focusses on time series analysis and near real time monitoring based on satellite data. The goal ist to offer a holistic monitoring service for infrastructure networks using cutting-edge machine learning algorithms to identify external threats and predict future impacts.
The EIC Accelerator offers start-ups and SMEs grants of up to €2.5 million combined with equity investments through the EIC Fund ranging from €0.5 to €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.
We are incredibly proud and thankful to have been selected as one of the successful companies amidst the very strong competition of innovative companies from all over Europe.
Find out more details on the European Commission’s website: Most competitive EIC Accelerator cut-off awards major funding round to 74 of Europe's high potential start-ups