SPHERICAL has been awarded €4M from the European Innovation Council (EIC) to bring our high-performance satellite power systems to market. This funding is a significant milestone for us as we continue to develop our cutting-edge technology and expand our product portfolio.

The European Innovation Council (EIC) selected 68 companies for funding, combining grants and equity, following the first in 2024 EIC Accelerator cut-off in March.

The companies were selected in a highly competitive process. From a total of 969 companies that submitted a full proposal, 347 companies were interviewed by juries of experienced investors and entrepreneurs. The jury then selected SPHERICAL as one of the 68 best companies to receive funding.