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European Innovation Council
Media review
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Highlights
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European Innovation Council launches new portal for Accelerator submissions (Science Business | Europe)
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Start-ups that were unable to pitch their projects for a month after the €7B EU innovation fund shut down its submissions platform with no prior warning can now go ahead.
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Brussels’ research bubble has high hopes for new commissioner nominee (Science Business | Europe)
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Muriel Attané, secretary general of the European Association of Research and Technology Organisations (EARTO), says first on the list is fixing the problems plaguing the newer parts of Horizon Europe, including the low take up of the Missions, the shortcomings in getting the European Innovation Council (EIC) off the ground and the much-resisted introduction of lump sum funding.
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Here are some of the most active VC firms in Europe this year (Silicon Republic | Ireland)
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PitchBook has revealed the names of the top 10 most active VC firms in Europe so far this year, led by UK-based SFC Capital. The EIC is the only non-private VC body on Pitchbook’s list and boasts median round sizes of nearly €10m – only behind New York-based FJ Labs’ €10.5m, which placed ninth on the list.
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EIC general news
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How European Innovation Council Fosters A Tech Ecosystem in Europe (Intelligent HQ | United States)
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With a rich history of scientific discoveries, a diverse talent pool, supportive policies, and a culture that embraces creativity, Europe has become a hotbed for innovation and a catalyst for economic growth. How do initiatives like the European Innovation Council fuel the growth of Europe’s innovation ecosystem?
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EIC Accelerator
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Kitemill unveils first commercial system taking Airborne Wind Energy to utility scale (Electric energy online | Canada)
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Kitemill has spent more than a decade building world-class knowledge, IP and assets. During that time, it has helped lead and consolidate the AWE sector acquiring Kite Power Systems (KPS) and eKite while securing significant investments from En-Vision Europe Limited Ignatia and the European Innovation Council.
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X-trodes Awarded €5.2M to Advance Electrode Patch for Home Sleep Monitoring (Sleep Review | United States)
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X-trodes, a developer in wireless monitoring solutions, has received a €5.2 million award from the European Innovation Council Accelerator to propel the development and commercialization of its home sleep monitoring solutions.
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Madrid-based Bdeo raises additional €7.5 million to keep expanding its AI insurtech visual intelligence (EU-startups | Europe)
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Bdeo was recently awarded the European Innovation Council’s ‘Seal of Excellence’, a recognition that the European Commission grants to only 160 companies each year, in the context of which grants were received from the Comunidad de Madrid and red.es as part of this new investment.
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Cellbox Solutions Awarded EUR 2.5 Million Grant Combined with an Equity Component of up to EUR 10 Million Under the EIC Accelerator Programme (GlobeNewswire | United States)
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Cellbox Solutions GmbH, a leading provider of warm chain logistics solutions for the research, development and shipment of cell-based therapies and cellular diagnostics, announced that it has been awarded an initial grant of EUR2.5 million combined with an additional equity funding of up to EUR10 million under the EIC Accelerator program sponsored by the European Union.
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Twinsity receives EUR 2.5 million in funding (Startbase | Germany)
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Winning €2.5 million in funding from the European Innovation Council Accelerator (EIC), Twinsity uses AI and MI to make monitoring bridges and oil and gas refineries more efficient and secure.
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Estonian health technology startups get EUR 18 mln of support from EIC Accelerator (Baltic Business Daily | Estonia)
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Estonian health technology startups Genecode and Bettermedicine have received a total of 18.4 million euros in support from the European Innovation Council's (EIC) Accelerator program.
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EIC Pathfinder
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‘It was an accident’: the scientists who have turned humid air into renewable power (The Guardian | United Kingdom)
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Catcher and related projects received nearly €5.5m (£4.7m) in funding from the European Innovation Council. The result is a thin grey disc measuring 4cm (1.5in) across. According to the Lyubchyks, one of these devices can generate a relatively modest 1.5 volts and 10 milliamps.
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EIC Fund
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The Italian-Swiss EBAMed collects round of 14.35 million euro (BeBeez | Italy)
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EBAMed, a Swiss-Italian company specializing in the development of new image guidance systems for ventricular arrhythmias, has announced the closing of a €14.35 million Series A round, which was led by Panakès Partners, with the participation of EIC Fund.
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Finland’s Woodio secures €16.3M to develop sustainable wood composite sanitaryware products (Silicon Canals | The Netherlands)
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The current round was led by UB Forest Industry Green Growth Fund (UB FIGG), an investor that focuses on sustainable and resource-efficient forest and bio-based industries, and the European Innovation Council (EIC).
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RISK Carthera closes a series B of €37.5m (Capital Finance | France)
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La medtech, qui développe un dispositif à ultrasons destiné à traiter certaines maladies du cerveau, boucle une série B de 37,5 M€. Le fonds du Conseil européen de l'innovation (EICF) apporte, quant à lui, 10,5 M€. Des actionnaires historiques, tels que le fonds italien Panakès Partners, Relyens Innovation Santé (Turenne Santé) ou encore Supernova Invest, remettent au pot.
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Hardt Hyperloop locks in €12 million for the European Hyperloop Center (Tech.eu | Europe)
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Dutch hyperloop company Hardt Hyperloop been given another vote of confidence for its hyperloop dreams as it secures more funding for its European Hyperloop Center project. A total of more than €12 million has been raised with funding coming from the European Innovation Council (EIC) Fund.
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Medtech startup GlucoSet raises €6M in series A (EIN Presswire | United States)
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Norwegian medtech startup GlucoSet raised EUR 6m in the first closing of its series A round. This is following EUR 3.4m in research and development grants from the European Innovation Council and the Norwegian Research Council last winter.
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EIC Ambassadors
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Matija Žulj, the new EIC ambassador, on financing through EIC programs worth a few million euros (Netokracija | Croatia)
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As a new ambassador whose company secured an investment of just over one million euros from the EIC in order to develop an AI tool for farmers, Matija plans to help other entrepreneurs to secure funds for their projects.
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Only two tech start-ups from Romania have so far applied for non-reimbursable European funds (Ziarul Financiar | Romania)
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Interview with Cristian Dăscălu: Local technology start-ups tend not to pay attention to non-reimbursable financing opportunities from European funds, even if the amounts can end up being substantial and even equal or greater than those provided by investment funds.
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