The European Innovation Council (EIC) announced on Friday 30 September that the European Commission has appointed an external fund manager (AIFM), AlterDomus Management Company S.A, the Luxembourg AIFM arm of AlterDomus, as part of the restructuring of the EIC.
The manager will make decisions on which “high-risk, high-impact” start-ups and small and medium-sized enterprises are selected for EIC investment. 139 companies currently receive funding.
The fund manager’s decisions will have...