Four Enterprise Ireland backed companies were recently awarded more than €23 million in funding under the EU’s European Innovation Council accelerator programme.
Ireland ranked fifth based on the value of funding recommended in the round. Companies from Germany, France, Finland and the Netherlands ranked higher. Medical device company Loci Orthopaedics was awarded more than €8 million, with €2.5 million in grant funding and a €5.5 million equity investment, supported by the European Investment Bank. The company has developed a new implant for the treatment of thumb base joint arthritis.
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