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European Innovation Council
EIC Weekly Media Review
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EIC general news
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AI investment: EU and global indicators
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EP Think Tank | 04/04/2024 | World - In January 2024, the EU introduced measures to support European start-ups and small and medium-sized enterprises in developing trustworthy AI by granting access to funding, including the Horizon Europe, Digital Europe, EIC accelerator and InvestEU programmes. Moreover, the Regulation on establishing the European high-performance computing joint undertaking (EuroHPC Regulation) is being amended, so that EU companies can access AI supercomputers to train LLMs.
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Investments of 320 million dollars in Greek startups in the first quarter
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Capital.gr | 07/04/2024 | Greece - Resilient, "against" the sluggish climate that dominates startup financing worldwide, remains the Greek startup entrepreneurship ecosystem. In Greece, representatives of VCs express optimism that this year things will go better in terms of funding compared to last year - a year characterized worldwide by stagnation and caution, both on the part of investors and would-be founders.
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N. Tavernarakis: "Alzheimer's disease will be the next global pandemic"
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Reporter | 02/04/2024 | Cyprus - Recognizing the importance of exploiting research as a pillar of sustainable development and social well-being, the European Union has strategically turned to the strengthening of technological innovation in Europe, creating mechanisms such as the European Research Council ( ERC ), the European Institute of Innovation and of Technology ( European Institute of Innovation and Technology , EIT), but also the European Innovation Council ( European Innovation Council, EIC). Interview of President of the Technology and Research Foundation, Professor Nektarios Tavernarakis.
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‘We will lose amazing technology in the long run’: Deeptech founders still struggle to win state support
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Sifted | 08/04/2024 | Europe - Securing state subsidies remains a “huge challenge” for European deeptech companies, one that could cost the continent some of its most innovative technologies, says Christoph Jenny, cofounder of Swiss plant-based food startup Planted.
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EIC Pathfinder
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They are already working on a next-generation neuromorphic artificial intelligence
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NCYT | 03/04/2024 | Europe - The project is in line with the European Green Deal, by investigating low consumption technologies. Those responsible plan, once the first results have been obtained, to prepare a more ambitious project proposal in the 2024 call of the EIC (European Innovation Council) Pathfinder program, which supports high-risk cutting-edge projects that explore, such as this one fro...
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A European project led by IDIBAPS seeks to advance the precise spatio-temporal control of brain activity for therapeutic purposes
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biotech-spain.com | 02/04/2024 | Spain - This project is coordinated by Mavi Sánchez-Vives , head of the Systems Neuroscience research group at IDIBAPS. META-BRAIN introduces a pioneering stimulation paradigm with promising potential to restore normal patterns of brain activity based on the use of magnetoelectric nanoarchitectures and ultrasonic technologies. With ambitious objectives at its core...
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Scientists from the University of Porto lead a project to avoid wasting vaccines
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iol | 05/04/2024 | Portugal - Researchers at the Faculty of Sciences are involved in the development of efficient and sustainable equipment to store and transport vaccines safely. As part of the project, which is financed by the Pathfinder program of the European Innovation Council, a discovery by the Porto team that was recently patented will be put into practice – “the rotating magnetocalor...
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EIC Accelerator
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New help for SMEs across the battery value chain in accessing EU public finance
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Science|Business | 04/04/2024 | Europe - EIT InnoEnergy has set up a one-stop-shop to guide start-ups and SMEs across the battery value chain looking for EU public funding. In the pilot phase, the service will focus on facilitating access to the European Innovation Council’s Accelerator fund, the Innovation Fund, the European Investment Bank’s advisory and venture debt instruments, and the European Bank for Reconstruction and Development.
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The prestigious project of the European Innovation Council with the participation of VŠB-TUO aims at the development of new generation biofuels
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Technicky Tydenik | 04/04/2024 | Czech Republic - An innovative approach to the production of advanced biofuels that respond to the global demand for sustainable energy and reduce dependence on fossil fuels is to be the result of the prestigious European project GlaS-A-Fuels: Single-Atom Photocatalysts Enhanced by a Self-Powered Photonic Glass Reactor to Produce Advanced Biofuels. The European Innovation Council supported it with 800,000 euros.
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Elcogen, Skeleton and Ready Player Me among fastest-growing scale-up teams in the Baltics
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Invest in Estonia | 05/04/2024 | Estonia - Sifted, one of Europe’s most respected startup news platforms, recently published a list of the Baltics’ fastest-growing startup teams. The region is holding strong despite bigger economic headwinds, with $517M raised in 2023. The numbers are even better when it comes to headcount growth. Estonia, home to one of Europe’s densest startup ecosystems, is well represented with three scale-ups: Elcogen, Skeleton and Ready Player Me.
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Alias Robotics universalizes robotic cybersecurity
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Empresa XXI | 01/04/2024 | Spain - The cybersecurity company Alias Robotics will develop the next generation of its RIS (Robot Immune System) platform over the next two years with the support of the European EIC Accelerator program, which, according to its managers, “represents a turning point.” in its short career, marking a before and after.”
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Startup Of The Week: Tilkal
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The Innovator | 05/04/2024 | France - French scaleup Tilkal uses blockchain and machine learning to help customers gain control over their supply chains, with the aim of making them more resilient, sustainable, and ethical. Tilkal is one of 48 deep tech scale ups with the potential to build world-class businesses and solve major global challenges that were selected to join The EIC Scaling Club, a curated community that includes investors, corporate innovators and other industry stakeholders.
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Oversubscribed Funding Round Nets Acorai Millions of Dollars
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MPO | 05/04/2024 | Sweden - Acorai is significantly richer these days, having closed an oversubscribed series seed equity round of more than $4.5 million. The money will be used to finance the company's clinical studies and seek regulatory approval. The financing follows a €2.3 million non-dilutive grant and €10 million in future equity financing from the European Innovation Council (EIC).
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Galway firm Mbryonics awarded €17.5m from European Innovation Council
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Engineers Ireland | 04/04/2024 | Ireland - Galway based space tech company Mbryonics has announced that it has been approved for a recommended investment of €17.5m from the European Innovation Council (EIC) Accelerator.
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LuxQuanta raises 2.5 million to scale its quantum cybersecurity technology
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MUYPYMES | 04/04/2024 | Spain - The Spanish deeptech for scalable quantum cryptography, LuxQuanta, has been one of the 42 European companies chosen to receive financing from the European Innovation Council Accelerator (EIC) of the European Commission, which combines grants for an amount of 285 million euros intended to finance startups advanced technology and access to risk capital of up to 15 million euros.
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EIC Fund
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Faron secures €4.8m in new investment
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Proactive Investors | 04/04/2024 | UK - Faron Pharmaceuticals Limited (AIM:FARN) has successfully raised €4.8 million in a share placing as management works on a longer-term funding plan that will allow it to complete a phase II trial of its promising cancer treatment. The share placing attracted support from both new and existing shareholders, including significant investments from the European Innovation Council (EIC Fund) alongside other Finnish and international investors.
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EIC Board
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Kmec: We're Taking Measures to Increase Synergy with European Innovation Council
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TASR | 05/04/2024 | Slovakia - The Vice-premier's Office is implementing measures to increase synergies with the European Innovation Council (EIC) and is preparing to transfer resources from the Slovakia Programme to this programme, stated Vice-premier for EU Funds and the Recovery Plan Peter Kmec (Voice-SD), TASR learnt on Friday from Vice-premier's Office spokeswoman Loretta Pinke in connection with the visit of EIC president Michiel Scheffer.
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Former minister Profumo at the helm of the Entopan scientific committee: «Here is the innovation from Calabria»
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La News 24 | 06/04/2024 | Italy - Electrical engineer, former rector of the Faculty of Engineering of the Polytechnic of Turin, Francesco Profumo was Minister of Education, University and Research during the Monti Government . He is currently a member of the new board of the European Innovation Council (EIC) and now leads the Scientific Committee of Entopan. Interview.
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EIC Ambassadors
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UPTEC startup founder is a European Commission innovation ambassador
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UPTEC | 02/04/2024 | Portugal - Verónica Orvalho, founder of Didimo, a startup incubated at UPTEC – Science and Technology Park of the University of Porto, has just joined the European Innovation Council (EIC) ‘s list of ambassadors.
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Events
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Doing business in the United States: what you need to know about tax considerations for international companies
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EEN | 04/04/2024 | Europe - The webinar aims at European small and medium-sized enterprises (SMEs), start-ups (ready to scale internationally), beneficiaries or holders of seals of excellence of the European Innovation Council, European clusters and cluster managers, business advisers of the Enterprise Europe Network and other European business support organisations, including all stakeholders of the ‘Friends of EEN’ initiative. 18 April from 16 to 17.
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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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