TL;DR: EIT Manufacturing liquidation
EIT Manufacturing (EITM), an EU-backed body distributing grants of up to €500,000 to manufacturing startups, filed for liquidation on March 25, 2026, after the European Anti-Fraud Office (OLAF) found serious irregularities and the EIT froze payments. Over 200 companies, many of them SMEs and bootstrapped startups, are now waiting for €15 million in promised funding that may never arrive. One Maltese startup spent €40,000 of its own money on a project that EITM greenlit months after payments were already frozen. This is not a one-off scandal.