Colospan receives €8.2 million from the European Innovation Council for its novel colorectal surgery device

Colospan announced today that it has been awarded €8.2 million ($9.3 million) from the European Innovation Council (EIC) as part of EIC Accelerator program. The funding is composed of both a grant and equity. Colospan is one of only 99 innovative start-ups and SMEs that were selected to receive an allocation from EUR 627 million of European Commission funding to help bring promising technologies to the market.