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European Innovation Council
Media review
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Follow us
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EIC general news
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EIC-funded deeptech start-ups at the heart of Europe’s tech sovereignty
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Sifted mentions EIC-funded companies Orbex, D-Orbit, SiPearl and Pasqal among the list of 25 privately owned deeptech start-ups and scale-ups at the heart of Europe’s battle for technology sovereignty that it has compiled.
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EEN2EIC: Financing for female tech founders and companies with female managers
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Even though the proportion of women in the MINT industry is increasing, there are still very few female tech founders in Europe. Only 20 percent of all tech founders in this country are women, and they account for less than 5 percent of all VC deals in Europe. The new EU initiative EEN2EIC is intended to close this gap.
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EU’s €20m Ukrainian grant scheme delayed amid conflict of interest complaint
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Despite claims that the funding would be fast-tracked, the EU has not even selected the start-ups that will receive the cash, Sifted has learned
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EIC Accelerator
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Multus company fights the barriers to commercialisation in the supply chain for cultivating meat from cells in bioreactors
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A supply chain for cultivating meat from cells in bioreactors is emerging, as start-ups develop technologies that will make it easier and cheaper to scale up production.
A number of start-ups have gone it alone in developing and commercialising cultured meat, establishing an initial market for these products, and paving the way for companies with enabling technologies, such as designer growth media and scaffolds for cell culture.
A seed round of £1.6 million in 2021 helped the Multus company to bring out its first product, Proliferum M, a broad growth medium for mammalian cells intended initially for research use. In 2022 the company won a European Innovation Council Accelerator grant, which was funded to the tune of £2.15 million by the UK government. A Series A round from private investors in early 2023 brought in a further £5.75 million.
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Polish National Centre for Research and Development launches second competition for Seal of Excellence companies
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The Polish National Centre for Research and Development announced the second Seal of Excellence competition this year, implemented under the European Funds for a Modern Economy (FENG) programe. The budget of PLN 23 million is intended for Polish micro, small and medium-sized enterprises whose projects have been positively assessed by the European Commission and received the Seal of Excellence certificate under the EIC Accelerator instrument of the Horizon Europe program, but due to budget constraints they did not receive funding.
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Finapp among 9 start-ups that could change how we look at water
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Water technology is an industry with a lot of potential for innovation and growth. EIC Accelerator-supported Italian start-up Finapp is mentioned among some of the most promising early-stage companies. The company, a Padua University spinout, won $2.2m in funding from the European Innovation Council in June, following a $1.2m seed round last year.
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EIC Transition
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Scaling logical density of DNA storage with enzymatically-ligated composite motifs
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DNA is a promising candidate for long-term data storage due to its high density and endurance. The key challenge in DNA storage today is the cost of synthesis.
The article presents the work which proposes composite motifs, a framework that uses a mixture of prefabricated motifs as building blocks to reduce synthesis cost by scaling logical density. This work was funded by the European Union’s Horizon research and innovation programme projects OligoArchive (Grant No. 863320), Glaciation (Grant No. 101070141), SYCLOPS (Grant No. 101092877) and EIC Transition project MOSS (Grant No. 101058035).
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EIC Pathfinder
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ONWARD® announces First-in-Human Implant of ARC-IM™ Stimulator with Brain-Computer Interface (BCI) to Restore Arm, Hand, and Finger Function after Spinal Cord Injury
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ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announces the successful first-in-human implant of its ARC-IM Stimulator, to restore upper extremity function after SCI. The 46-year old male patient with a C4 spinal cord injury als...
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Thermal energy storage project initiated by Swisspod awarded €3.5M EU Grant
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The Muspell project will be supported with EUR 3.5 million as part of the EIC Pathfinder Challenges programme. It aims to develop an innovative thermal energy storage system.
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Two Irish projects bag millions from EIC Pathfinder grant
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Two Irish projects (Polina and CellMembrane) have been listed among 53 successful awardees of the EIC Pathfinder. The selected projects will receive a total of nearly €170m, with the average grant size being €3.19m.
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EIC Fund
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Horizon Europe, Euratom, Erasmus: What EU programmes has the UK signed up for?
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After the limbo years following its exit from the EU, the UK has become an associated member of the EU research programme, Horizon Europe. In pillar 3, the UK will not participate specifically in the EIC Fund, a part of the EIC Accelerator scheme that invests in applicants through equity finance.
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bound4blue raises €22.4 million from the European Commission, major corporate investors and VC
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bound4blue, the European technology developer of automated wind-assisted propulsion systems for the maritime transport based in Spain, has secured a €15.9M Series A funding round led by GTT Strategic Ventures, with the participation of the EIC Fund (European Innovation Council), Shift4Good, Louis Dreyfus Company Ventures, the Sustainable Ocean Alliance, Sun Returns, Kai Capital and existing investors including the Ocean Born Foundation and CDTI (Centre for the Development of Technology and Innovation) through the co-investment initiative of Innvierte programme.
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A company from Tenerife creates microchips for the greatest technological powers in the world
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Before the summer, Woooptix announced the signing of a Series B financing round of 10 million euros, led by current investors Bullnet Capital and CDTI (Center for Industrial Technological Development) and supported by other new investors such as Danobatgroup, Fagor Automation, Mondragón Promotion Fund and European Innovation Council Fund (EIC).
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UK start-ups remain at a big disadvantage in accessing European Innovation Council funding
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Following the Horizon Europe association agreement announced by the UK and the EU this month,UK companies can now get grants of up to €2.5M from the EIC Accelerator programme. However, they are still excluded from its equity fund - and investments of up to €15M: the EIC Fund.
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Sifted listed the EIC Fund as the fifth largest tech investor in Europe
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Sifted Intelligence talked to six top VCs in European tech about their investment strategies last quarter and the bets they’re eyeing for the future.
The EIC is also in the top spot of Sifted’s 10 most active tech-bio investors in Europe, making it the largest European investor in companies using cellular processes to develop life-enhancing technologies.
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EIC Prizes
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Make your pitch klaxon: European Prize for Women Innovators
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Female pioneers making a ‘positive impact for people and planet’ have until tomorrow to enter the European Prize for Women Innovators 2023.
Led by the European Innovation Council and European Institute of Innovation and Technology, the awards will go to the ‘most inspiring women entrepreneurs’ across three categories.
The categories are: Women Innovators – ‘open to all women founders and co-founders from across the EU and Associated Countries’ The winner of this award will win €100k, with two runners-up getting €70k and €50k respectively. The Rising Innovators category is ‘open to promising young innovators under the age of 35’ with the winner awarded €50k, and two runners-up €30k and €20k. While the EIT Women Leadership award is ‘open to those with a direct link to the EIT Community or one of the existing Knowledge and Innovation Communities’. There is €50k for the winner and €30k and €20k for the runners-up.
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Cork among the finalists of EIC Prize
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Cork is among the 12 cities from 10 countries nominated in this year’s European Capital of Innovation Awards (iCapital), one of the six under the European Rising Innovative City category. It has the chance to win a €500,000 prize and be recognised for its role in creating an innovation ecosystem.
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