Announcement
30 Mar 2021
In March 2021, the newly founded European Innovation Council (EIC) pilot fund granted EUR 15 million to Dutch company Magnitude Space B.V. to enhance connectivity networks for IoT technologies.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
1 in force
Implementation date
30 Mar 2021
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 30 March 2021, the European Innovation Council (EIC) pilot fund granted a EUR 15 million (approx. USD 17.6 million) capital injection to Magnitude Space B.V., a Dutch satellite and communication s...
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