Cocoon Airbag Protection Receives Grant from Women TechEU, Horizon Europe – the only Swedish start-up to be awarded funding in the latest round of the program
Cocoon Airbag Protection Receives Grant from Women TechEU, Horizon Europe – the only Swedish start-up to be awarded funding in the latest round of the program.
We are excited to announce that our client, Cocoon Airbag Protection AB, has been awarded grant funding from the Women TechEU program under Horizon Europe. This funding will accelerate the commercialization of Cocoon’s innovative child safety solution for bicycle transportation. Cocoon Airbag Protection is the first to integrate an AI-powered airbag system into a child bicycle seat, offering full-body protection in the event of an accident. This groundbreaking technology promises to significantly enhance the safety of millions of children worldwide.Women TechEU is an EU initiative that provides first-class coaching and mentoring to female founders, alongside targeted funding to help grow their businesses. Cocoon Airbag Protection was selected from among 820 applicants in the latest Women TechEU call, marking a 75% increase in applications compared to previous years. Despite the rising competition, Cocoon successfully secured funding, underscoring the strength and potential of its innovative solution.
Tomasz Wąsik, MBA, MBA, CEO of GAEU Consulting Horizon Europe Centre of Excellence, comments: “Women TechEU is an exceptional funding mechanism for deep tech startups, offering funding, coaching, and networking opportunities tailored for female-led businesses. I am confident that Cocoon Airbag Protection and its founder, Emma Garatea, will make the most of this opportunity to advance their mission of revolutionizing child safety. We are proud to support Cocoon in bringing this innovation to the market.”
Emma Garatea, CEO of Cocoon Airbag Protection, adds: "We are thrilled and honored to receive this grant from Women TechEU. This support will enable us to take a significant step forward in making bicycle transportation safer for children worldwide. Our goal has always been to create a product that brings peace of mind to parents, and this funding will accelerate our efforts in bringing our innovative airbag system to market. We are also deeply grateful to GAEU Consulting for their expert guidance throughout the application process. Their deep knowledge of EU funding mechanisms and personalized support were instrumental in helping us secure this grant."
If you are a deep tech start-up founder looking for top-tier EU grant consultancy support, please contact us today!
