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Wednesday, June 29, 2022

EIC Accelerator award won by Finnish battery company

BroadBit Batteries, a technology company from Finland that specializes on designing and producing more eco-friendly batteries, has recently won the EIC Accelerator award. Now the company is going to get a grant of 2.5M€ as a support for their future projects.

With a budget of €10.1 billion, European Innovation Council aims to support innovative businesses that develop groundbreaking technologies in various fields. EIC Accelerator programme is particularly focused on small and medium-sized businesses through the development process as well as during scaling up.

A promising technology company with a focus on developing more environmentally friendly batteries, BroadBit has won the EIC Accelerator award from the European Innovation Council and Executive Agency for Small and Medium-sized Enterprises. Consequently, the company has secured a grant of 2.5M€. Moreover they may also gain access to 8M€ worth of 3rd party funds.

The company is now trying to secure 3rd party funds worth 8M€

The grant that BroadBit Batteries is getting will mainly be used on the commercialization of their Sodium-Salt batteries that the CEO of the company, David Brown, considers to be a game changer for their future success. According to him, the funding will let them quickly complete the R&D process, scale production for their first applications and get to market fast. David Brown also added:

“We are now in the process of securing the 3rd party matching investments. Those interested in joining the round and enabling the mass electrification of transportation and the mass adoption of intermittent wind, wave and solar power, please contact me! The world needs our solution yesterday”

Sena Konakci
Sena Konakci
A true free spirit, Sena (she/her) spent a substantial part of her life travelling the world and was working for successful startups in many different fields along with writing for local newspapers and magazines for over two decades. With a knack for detecting promising businesses and years of experience under her belt, Sena has decided to focus her attention on writing about startups. Aside from following the newest developments in the startup scene of the Nordic countries, she loves volunteering and camping in her spare time.

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