European Innovation Council (eic)

Lululemon-backed Syntetica raises a $30M Series A to scale recycled nylon pellets in France, backed by public funds (Bpifrance, EIC) and big fashion brands, amid regulatory tailwinds and nylon price volatility.

EU-backed EIT Manufacturing collapses, leaving 200+ applicants—including 100+ startups—waiting for grants as promised funds vanish amid an OLAF probe and liquidation.