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European Innovation Council
EIC Weekly Media Review
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Highlights
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EIC Accelerator raises 285 million for deep tech startups in most competitive funding round
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BNN Correspondents | 01/03/2024 | Europe - Comparing these developments to global trends, such as the European Innovation Council's €285M investment in deeptech startups and the surge in AI investments by major chipmakers, it's evident that technology and innovation remain at the heart of venture capital interest.
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EIC general news
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The Collider makes the leap to all of Europe
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La Vanguardia | 28/02/2024 | Spain - The Collider has made the leap to all of Europe. This program of the Mobile World Capital Barcelona foundation, dedicated to transferring science to the market, has recently won the management of the venture builder of the European Innovation Council, a European entity for the promotion of innovation and the most cutting-edge technologies.
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EU unveils plans for €500M partnership on advanced materials
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Science|Business | 29/02/2024 | Europe - The European Commission wants to launch a €500 million public-private partnership on advanced materials, as part of plans to boost Europe’s standing in the sector. The EU would commit €250 million to the partnership between 2025 and 2027 to attract matching private investment and allow companies to scale and accelerate the deployment of advanced materials. “The EU’s competitiveness relies on our technological edge and steady supply of advanced materials for our green and digital transitions,” said Margrethe Vestager, executive vice president of the European Commission.
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These are the challenges that Europe must address to promote technology transfer according to MWCapital and the EIC
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El Referente | 27/02/2024 | Spain - The head of unit of European Innovation Council (EIC), Viorel Peca, and the CEO of Mobile World Capital Barcelona, Francesc Fajula , were the protagonists today at the Banco Sabadell Stage of 4YFN, where they debated how to promote technology transfer in Europe. During the session, they put on the table some of the challenges that European countries must address to improve their ability to "transfer their scientific and technological innovations to the market."
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EIC Accelerator
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Making clean, scalable fusion power plants a reality: An interview with Proxima co-founder and CEO Francesco Sciortino
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Tech.eu | 27/02/2024 | Italy - Proxima Fusion co-founder and CEO Francesco Sciortino sits down with Tech.eu at the DLD Conference in Munich to discuss how the design of a new generation of fusion power plants could (and should) be accelerated in the current and next decade. Sciortino talks about the need to build an ecosystem around fusion power, why Proxima has recently applied to receive funding from the European Innovation Council (EIC) Accelerator, his insights on the public and private funding landscape in Europe and on the availability of and access to key talent in this part of the world.
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Energy storage made sustainable: table and salt can do the job
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Innovation Origins | 29/02/2024 | The Netherlands - Battery technologies don’t necessarily need rare materials to be made. AQUABATTERY has developed a sustainable battery that uses table salt and water to store energy. Batteries greatly help the electricity grid, as they ease the adoption of more renewable-generated power, stabilize loads, and manage demand. In light of its nature, the European Innovation Council dubbed AQUABATTERY’s system “one of Europe’s breakthrough technologies and game-changing innovations.”
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Plexigrid Energizes Future with €6.5M EIC Fund to Revolutionize Electric Grids
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BNN Breaking | 01/03/2024 | Sweden - Plexigrid's innovative approach, backed by the EIC, aims to modernize electricity grids for sustainable energy. A pivotal step towards renewable integration and decarbonization.
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Hawk Biosystems, one of 42 selected in Europe to receive support from the EiC Accelerator
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Alicante Plaza | 01/03/2024 | Spain - The spin-off of the UMH Science Park, Hawk Biosystems , is one of the 42 selected in Europe to receive support from the EiC Accelerator. The company has been selected by the Executive Agency for the European Innovation Council and SMEs (Eismea) as one of the "privileged" firms to receive support from the EiC Accelerator vehicle. It has been a very close cut, since of 1,083 companies throughout Europe, only those four dozen have been selected. In total, there are five from Spain.
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February Startup Funding Dips to $516M Across 82 Rounds; Shadowfax Leads with $100M Raise
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BNN Breaking | 01/03/2024 | Europe - February 2024 saw startups navigating through dynamic venture capital landscapes, with key investments in logistics, blockchain, and fintech. Comparing these developments to global trends, such as the European Innovation Council's €285M investment in deeptech startups and the surge in AI investments by major chipmakers, it's evident that technology and innovation remain at the heart of venture capital interest.
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Bulgarian Startup Smart Farm Robotix Wins €2.4M EU Grant for AI-Powered Weeding Robot
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BNN Breaking | 01/03/2024 | Bulgaria - Smart Farm Robotix received a 2.4 million euro grant for an AI-powered, solar weeding robot, promising a sustainable revolution in agriculture with precision weeding. The EIC Accelerator programme is highly competitive, providing critical financial support to innovative startups and SMEs across Europe. Smart Farm Robotix emerged as one of 42 recipients from a pool of 1,083 proposals in the 2023 funding round, highlighting the project's innovation and potential impact on the agricultural sector. The grant of nearly 2.4 million euros will expedite the robot's development and market introduction, offering Smart Farm Robotix a significant advantage in the agritech industry.
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Viewpoint: we need to invest in ‘pro-worker’ artificial intelligence research, not automation
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Science|Business | 29/02/2024 | Europe - Simon Johnson, former International Monetary Fund chief economist, says funders and universities should create new, socially beneficial forms of AI through grants and competitions - and not leave the field to tech companies. Techno-optimism is arguably dominant in Brussels – witness the recent birth of the European Innovation Council, a €10 billion fund to help scale up EU companies, for example.
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EIC Fund
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What prevents farmers from using photovoltaic systems
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Euro2Day | 26/02/2024 | Greece - The goal of energy saving has become imperative in recent years due to the effects of the energy crisis. Renewable energy technology can provide an answer to reducing energy costs and with the right incentives can help sectors of the economy. About the agro-photovoltaic industry, Dr. Nikos Kanopoulos, founder and CEO of Brite. In 2022 the company started and completed in 2023 the financing of the company by raising 8.6 million euros from the European Innovation Council Fund (EIC Fund) and VC Funds active in Greece.
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This is a newsletter from the European Innovation Council and SMEs Executive Agency (EISMEA)
EIC Weekly Media Review is published every Monday.
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The European Commission is committed to personal data protection. Any personal data is processed in line with the Regulation (EU) 2018/1725. Please read the privacy statement.
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