VarmX awarded funding from the EIC Accelerator for VMX-C001 development
Dutch biotech VarmX has been awarded up to 17.5 million ($20.4million) from the European Innovation Council (EIC) Accelerator, subject to negotiation, to upscale and accelerate cost effective manufacturing of its lead compound, VMX-C001.
The EIC Accelerator aims to support start-ups and Small and Medium Enterprises (SMEs) in development and scale up of game-changing innovations. The fund is able to award companies non-dilutive grant funding and direct equity investments up to a combined possible total of 17.5 million euros, to support innovative development, scale up and other relevant costs.
Part of 363 million-euro funding program
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