Agade has been selected by the European Innovation Council accelerator to access a total “blended” loan of €8.3 million, of which €1.8 million is non-repayable, which will be used by the startup to carry out research and development in the development of innovative and IoT-connected industrial exoskeletons to reduce injuries in manual load handling activities in work environments.
The remaining €6.5 million will instead be disbursed through capital increase operations, through the EIC Fund investment fund and the support of the European Investment Bank (EIB).
