AquaB has been announced as one of the recipients of a highly sought after Accelerator grant from the European Innovation Council. The financial support will assist the company in commercialising low-energy, low-maintenance water aeration based on its breakthrough electric field-based nanobubble generation technology.
AquaB is one of 75 innovative start-ups awarded support in this year’s EIC Accelerator. The companies were selected through a highly competitive process, in which 232 companies were interviewed by juries of experienced investors and entrepreneurs out of a total of more than 1000 applications.
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 or more. 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.
Professor Niall English of AquaB welcomed the support. He said:
“This is a big endorsement of the commercial potential of AquaB’s technical innovation, as well as recognition of the potential for energy efficient nanobubble generation to catalyse sustainability leaps forward in some of Europe’s most important industrial sectors. I’m thrilled that AquaB has secured this EIC Accelerator support, and I’m looking forward to delivering our exciting programme of innovation-led business development.”
Since its launch in March 2021, over 7,000 start-ups and SMEs have sent their ideas and over 4000 have submitted full applications. The companies announced today were among the 1006 that submitted to the second 2022 cut-off on 15 June, and they join the 238 companies selected for funding by the EIC in 2021 and 2022.
