Spherical has been selected for funding from the European Innovation Council (EIC) to bring our high-performance satellite power systems to market. This is a significant milestone as we continue to develop our technology and expand our product portfolio.
The European Innovation Council selected 68 companies for funding, combining grants and equity, following the first 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.