Colzyx and the European Innovation Council Fund sign investment agreement

Colzyx AB (Colzyx) and the European Innovation Council Fund (EIC Fund) have signed the agreement for the first investment of EUR 1m in Colzyx by the EIC Fund. This investment is the result of the EUR 5.5 million in financial support from the Horizon 2020 / EIC Accelerator program that Colzyx was awarded December 2019. The support consists of a grant part and an investment part. The investment is made by the EIC Fund and has a total of EUR 3 million. The investment is part of the so called “blended finance” initiative.  The present investment of EUR 1m is the first part, and the second part will be invested once Colzyx has reached specific development milestones.