SIT alumni Tucuvi (SIT 2020), a Spanish startup helping old people in their homes with artificial intelligence so they don’t have to operate tricky technology has been selected to by the European Innovation Council (EIC) to receive €5.5M in funding.
Tucuvi is one of the 75 projects selected by The European Commission to be funded by this year’s second EIC Accelerator. The companies were selected in a highly competitive process, in which 232 companies were interviewed by juries of experienced investors and entrepreneurs out of a total of more than 1000 applications.
The EIC Accelerator offers start-ups and SMEs grants of up to €2.5 million combined with equity investments through the EIC Fund. In addition to financial support, all projects benefit from a range of Business Acceleration Services that provide access to leading expertise, corporates, investors and ecosystem actors.
María González Manso Tucuvi’s co- founder and CEO, was also selected as one of the six finalists to take part in this year’s PitchGovTech competition GovTech Summit.
Twenty-two SIT alumni have received or are receiving funding from the EU, ranging from a €50 000 grant for a feasibility study to a maximum of €5.5 million made available for the implementation of all technical and commercial developments.