The European Innovation Council (EIC) is dedicated to bringing innovative ideas to life through its support of small and medium-sized enterprises, including startups and spin-off companies. The EIC received over 1000 applications from various industries across Europe during its last call, inviting 241 firms for an interview with its jury. CorTec GmbH was one of the 78 companies awarded by the EIC, receiving a €2.5 million non-dilutive grant to develop its Brain Interchange System for stroke rehabilitation therapy.
Dr. Oliver Baertl, CEO of CorTec, expresses his excitement about the grant, “At CorTec we are dedicated to communicating with the brain for the cure of disease. With the support of the EIC Accelerator program we will be able to leverage our neuromodulation platform to advance our stroke rehabilitation device. We see huge potential in this particular indication, helping many individuals to better recover from a stroke”.
Claus Freyinger, Chief Regulatory and Clinical Officer at CorTec, also commented, “We look forward to using this grant to further advance our research and development to unlock the full potential of Brain Interchange for stroke rehabilitation therapy with our clinical partners in the U.S., and Europe as soon as possible.”
Learn more about the latest European Innovation Council (EIC) call by visiting this page. Stay up-to-date on the latest company news and advancements in our stroke rehabilitation device by following us on LinkedIn. Don’t miss out on any important updates!