- Press Release
- Feb 7, 2023
Aurora Propulsion Technologies receives EIC grant and equity funding
Aurora is very delighted to get the funding for Deorbiting and collision avoidance technologies for scalable sustainable space access – Aurora Plasma Brake (APB).
The European Commission selected 78 innovative companies under the latest 2022 EIC Accelerator cut-off. They are set to receive up to €470 million of funding in a combination of grants and investments.
The companies were selected from over 1000 start-ups and SMEs that submitted a full application for funding for the 5 October 2022 cut-off, of which 240 were interviewed by juries of experienced investors and entrepreneurs. The selected companies will each receive grants and/or equity investments, depending on their needs, up to €17.5 million.