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Lessons from raising Europe’s biggest climate fund
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Sifted | Germany | 31/10/2023 - In Germany, there’s the €1bn deep tech and climate tech fund, the European Innovation Council accelerator offers grants for pre-seed and seed companies, and on a European level, huge funding is going towards quantum technologies and space tech. “We don’t talk enough about what’s on offer in Europe” says Danijel Višević, founding partner of German VC World Fund.
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Portugal at the second place for funding from the EIC
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ACEPI | Portugal | 31/10/2023 - Portuguese companies achieved record results of 37.4 million euros at the European Innovation Council. Only one of the companies obtained 17.44 million in financing, being very close to the maximum value per project.
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Quantum: Quandela raises 50 million euros to export its machines
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Le Figaro | France | 07/11/2023 - The French company, well placed in the race for the quantum computer, is finding means to accelerate its development on a global scale. Also in Les Echos, La Tribune, Le Monde...
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EU selects Element-E - climate tech 3Bee's revolutionary methodology to develop the first certified biodiversity credits
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The Phoenix Newspaper | Italy | 05/11/2023 - Italy is developing the first certified biodiversity credits: 3Bee, the climate tech company at the forefront of biodiversity protection through technology, has been selected by the European Innovation Council as part of its EIC Accelerator.
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Acorai wins €2.3m grant to help fund trial for heart monitoring device
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Medical Device Network | Sweden | 09/11/2023 - Cardiology start-up Acorai has secured a €2.3m grant with a follow-on €10m investment from the European Innovation Council (EIC) to advance its non-invasive intracardiac pressure monitoring device.
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Estonian cleantech startup RAIKU bags €8.8M to replace bubble wrap with sustainable wooden springs
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Tech Funding News | Estonia | 06/11/2023 - Estonian startup RAIKU, known for developing innovative packaging filling material from wooden springs, has secured a €5.65 million grant from the European Innovation Council (EIC) and €3.15 million in investments from private sector investors.
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Vsora raises €13m for AI chiplet accelerator
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eeNews Europe | France | 03/11/2023 - Vsora in Paris has raised €13m for the development and deployment of its hardware accelerator for AI inference, advanced signal processing and complex algorithms.
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Konree joins EIC accelerator to unlock up to €2.5m in funding
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Business Post | Ireland | 05/11/2023 - The Galway-based company is focused on eliminating sea lice, which cost the global salmon production industry up to €4 billion annually.
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ValCUN receives €2.5 million from the European Innovation Council to further develop 3D printing technology
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Tech News Insight | Estonia | 08/11/2023 - 3D printer manufacturer ValCUN It has been selected for funding by the EIC. The financing consists of a grant of €2.5 million and an option to obtain up to €5 million in additional equity investments. The funds will be used to further develop ValCUN’s MMD (molten metal deposition) technology.
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Serial entrepreneurs are returning home to Italy to found their next companies. That’s a good thing for local tech
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Sifted | Italy | 09/11/2023 - Serial founders are bringing their brains — and deep pockets — back to their home country. One of the 2023 funding rounds: Claudio Spadacini — Energy Dome.
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Nanopower receives millions in support from the EU
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elektronikknett.no | Norway | 06/11/2023 - The Kristiansand-based company has received extra help to complete the first generation of chips. Nanopower receives 2.5 million euros in grants from the EIC Accelerator. In addition, the company is in the process of allocating equity capital of 5 million euros from the EIC Fund and the equivalent from other investors.
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Solar Materials puts recycling plant into operation in Magdeburg
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Volksstime | Germany | 03/11/2023 - The start-up Solar Materials has put its first recycling plant for solar modules into operation. There is also a financial injection from the EU for the Magdeburg company.
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