European accelerator targets robot companies

A newly formed accelerator, with money from the European Commission’s Horizon 2020 framework, will help startups and other small companies within the robotics space to help develop new technologies. Backed by €8 million ($9.8 million) in funding, the Robot Union is planning to accept applications for its first round of funding for 20 firms. Companies selected will receive €223,000 ($274,780) in equity-free seed grants and also participate in a 6- to 12-month acceleration course.

The accelerator includes partners from 14 different organizations across Europe, including Finland’s VTT Technical Research Center, TU Delft in the Netherlands, PIAP in Poland, and the Danish Technological Institute.

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