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European Innovation Council
EIC Weekly Media Review
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Highlights
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TNW Podcast: Jean-David Malo on EU money for startups; quantum without noise
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The Next Web | 10/04/2024 | Europe - The guest of the show is Jean-David Malo, Director of the Executive Agency for EIC and SMEs (EISMEA). It’s a long title — but you’ll understand every bit of it if you listen to the conversation.
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Anna Panagopoulou: Changemakers are flocking to the new world of EU innovation
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Innovators Mag | 12/04/2024 | Europe - At the European Innovation Council Summit, Anna Panagopoulou, Director of ERA and Innovation at the European Commission, said the EU will do everything it can to deliver the twin green and digital transition. Interview.
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To DigiPRO, the boss of European startup funding: we do not support seeds in order to sell them to foreigners
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DigiPRO | 10/04/2024 | Estonia - Jean-David Malo, director of the European Innovation Council (EIC), told DigiPRO in an interview why it is necessary to invest the money of European citizens in the risky start-up sector, and how it is dealt with that it is distributed as fairly as possible between the startups of all member states. Contact EISMEA-MEDIA-MONITORING@ec.europa.eu to receive the full article (in English or Estonian).
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Deep tech expert guiding Europe's seed portfolio: The problem is not that the EU is too generous
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DigiPRO | 10/04/2024 | Estonia - Board member of the European Innovation Council (EIC), lecturer at the Massachusetts Institute of Technology (MIT) and deep technology investment expert Lars Frølund gave an interview to DigiPRO as part of the technology event EIC Summit, in which he talked about how European citizens' money is used for seed investments and to which areas it is directed. Contact EISMEA-MEDIA-MONITORING@ec.europa.eu to receive the full article (in English or Estonian).
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EIC general news
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Why Europe is losing the race for innovation
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Die Welt | 10/04/2024 | Europe - The European Union (EU) continues to lose ground in the global race for promising technologies. When it comes to research and development expenditure in growth sectors such as biotechnology or the digital economy, the USA is far ahead. The Chinese have also risen to become a global power factor in some future technologies in just ten years.
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France, Germany, Italy call for single EU industrial strategy
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Science|Business | 09/04/2024 | Europe - It is time for Europe to “show its teeth”, said French finance minister Bruno Le Maire as he hosted his counterparts for a third tripartite meeting on European industrial policy. To encourage more private investment the EU should be more ambitious in the implementation of the Capital Markets Union, facilitate the approval of state aid, and accelerate the mobilisation of private finance for deep tech through the European Tech Champions initiative and the European Innovation Council.
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How to enable Europe to innovate “at the border”
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Les Echos | 11/04/2024 | Europe - Why is Europe lastingly lagging behind in advanced technologies and high-tech industries? And how can she get back into the race? A recent study, co-written by Jean Tirole and Daniel Gros, answers these two questions in a very luminous way.
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European University Association sets out its wish list for Framework Programme 10
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Science|Business | 12/04/2024 | Europe - Lobby group joins calls for greater ‘alignment’ of the European Innovation Council and the European Institute of Innovation and Technology.
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Europe sees the importance of breakthrough innovations – does Poland too?
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Komercja24 | 10/04/2024 | Poland - Leaving the standard approach to development in search of breakthrough solutions to pressing social and environmental problems requires significant financial outlays. Public funds intended to support deep-tech projects are crucial for the development of innovative technologies that can change the face of the economy and society. The European Deep Tech Report 2023 describes the level of European financing for innovative deep tech projects.
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EIC Pathfinder
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Scientific news: the development of neuromorphic artificial intelligence, inspired by the neural networks of the human brain, advances
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Clip Urbano Salud | 12/04/2024 | Europe - Next-Generation Brain-Like AI' , led by researcher Jordi Madrenas from the Polytechnic University of Catalonia, has received funding through Unite! Seed Fund to implement neuromorphic artificial intelligence. The project is developed jointly with the Instituto Superior Técnico (IST) of Lisbon, Portugal and the Royal Institute of Technology (KTH) of Swed...
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EIC Accelerator
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The Ecosystem: European Investment Bank aims to improve SME access to finance in the Baltics
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Science|Business | 10/04/2024 | Europe - The EIB will think about direct investment once a company has raised capital once or twice already, and has the organisational structure and procedures to put it on a sound investment footing. Reaching that point is more challenging in the Baltics than in other parts of western Europe, although support from local venture funds and alternative lenders is helping, as are grants and investments from the EIC Accelerator.
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How Tafalgie Therapeutics wants to establish itself in the colossal pain market
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La Tribune | 10/04/2024 | France - Tafalgie Therapeutics - which managed to raise 15 million euros and benefits from the support of Bpifrance - has carried out all the preclinical stages, showing on animals (dog, rat, mouse), effectiveness similar to that of opioids. "We are on the eve of entering human clinical trials". The company received 8.5 million euros from the EIC.
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Probely among the first 48 companies to join the European Innovation Council’s Scaling Club
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UPTEC | 12/04/2024 | Portugal - Probely, a startup incubated at the University of Porto Science and Technology Park (UPTEC), is among the first 48 companies to join the EIC’s Scaling Club. The startup is now part of an exclusive community of 100 European deep tech companies and partners, intending to boost its growth and market penetration.
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Basemark Secures USD23.85 Million in Series B Venture Funding
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MarketLine | 12/04/2024 | Denmark - Basemark, a leading provider of automotive AR software that enables original equipment manufacturers (OEMs) to develop AR applications for their cars, has secured EUR22 million in series B funding. The round was a combination of equity, grants, and loans, and was led by ETF Partners, with funding also coming from Finnish Industry Investment (Tesi), Constructor Capital, a single family office based in Zürich, Business Finland, the European Innovation Council, and private investors.
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EIC Transition
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Photonic-electronic integrated circuit-based coherent LiDAR engine
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nature | 11/04/2024 | Switzerland - Chip-scale integration is a key enabler for the deployment of photonic technologies. Coherent laser ranging or FMCW LiDAR, a perception technology that benefits from instantaneous velocity and distance detection, eye-safe operation, long-range, and immunity to interference. This work received funding from the EU H2020 research and innovation programme under the Marie Sklodowska-Curie and the Horizon Europe EIC Transition grant agreement no. 101113302 (MAGNIFY).
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EIC Fund
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Orixha raises 4 million euros for its total fluid ventilation technology
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Le Journal des Entreprises | 11/04/2024 | France - Orixha announces that it has raised 4 million euros from the European Innovation Council Fund and the French Tech Seed fund, managed on behalf of the State by Bpifrance in the framework of France 2030. This funding will allow Orixha to develop and clinically validate its total fluid ventilation technology.
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FIDUCIAL LEGAL BY LAMY alongside ORIXHA as part of the investment made by the EIC FUND and BPIFRANCE
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Fiscal Online | 12/04/2024 | France - The law firm FIDUCIAL LEGAL BY LAMY advised and supported the company ORIXHA as part of the investment of around 4 million euros made by the European Innovation Council Fund, the French Tech Seed fund, managed for the State account by Bpifrance as part of France 2030, and the company's historical partners, following the logical continuation of the selection of ORIXHA by the EIC Accelerator of the LuncoLive project at the end of 2022.
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CEO interview: Geoffroy Gosset of e-peas
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EE News Europe | 12/04/2024 | Belgium - E-peas in Belgium has raised €17.5m to scale up its energy harvesting chip business. CEO and co-funder Geoffroy Gosset talks to Nick Flaherty at eeNews Europe about the plans, including an image sensor powered by energy harvesting. The last funding round was joined by new investors Nomainvest, another family office, and the European Innovation Council EIC Fund, as well as existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and InvestBW.
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BOYDSense Raises USD7.59 Million in Venture Financing
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MarketLine | 05/04/2024 | France - BOYDSense SAS, a France-based medical device company developing a platform that makes health monitoring simple and pain free, powered by breath, has secured EUR7 million in a capital increase, from Entry of 3 new investors (Swiss Diabetes Venture Fund, Bioserenity and the European Innovation Council Fund) alongside existing investors (Alpha Mos, Sweet Ventures, Ambrosia Investments and Jolt Capital). BOYDSense thus acquires the means to accelerate the development of its non-invasive glucose monitoring device for people living with diabetes and pre-diabetes.
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Startup Funding: March 2024
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Semi Engineering | 10/04/2024 | Belgium - The challenge of moving data from place to place is increasingly a key concern for chip and system designers, and investors are taking note. Numerous startups developing interconnect technologies received significant backing in March. e-peas Semiconductors drew €17.5M in financing led by Otium Capital, joined by new investors Nomainvest and EIC Fund. Founded in 2014, it is based in Louvain-La-Neuve, Belgium.
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Megarounds make a comeback in Europe
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Sifted | 12/04/2024 | Europe - There were 42 rounds over $100m in Q1, the most since Q2 2022, and climate tech startups scored the big cheques.
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EIC Board
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Europe can be a world leader in quantum, says EIC head
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Sifted | 12/04/2024 | Europe - The European Innovation Council (EIC) Fund, Europe’s most active deeptech investor, is now doing two deals a week, says the president of the EIC Board, Michiel Scheffer.
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FOLLOW-UP – EIC Info Day – Financing for scale up breakthrough technologies and game changing innovations: EIC Accelerator
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MSP | 12/04/2024 | Romania - Michiel Scheffer encouraged the Romanian innovation ecosystem through a mobilizing message - he emphasized how valuable the experience of those who have already applied to the funding program (EISMEA Accelerator Map [EIC Datahub]) can be and the openness to learn from them. He also pointed out the importance of involving external consultants, who would carefully read the application and provide pertinent recommendations. In addition, he promised us that he is coming back live in Romania!
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Events
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Innovation speech 2024 - Europe
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Innovasjon Norge | 12/04/2024 | Norway - The Innovation Talk is Innovation Norway's most important annual event where we present what we believe is important for creating value in Norway and give our innovation policy advice to the Minister of Industry. You will hear the Vice-President of the European Commission, Maroš Šefčovič and President of the European Innovation Council (EIC), Michiel Scheffer's views on our common challenges and opportunities. Monday 6 of May 2024 12:00.
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From breakthrough technology to the market - information on the support schemes for the EIC
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Norges Forskningsråd | 10/04/2024 | Norway - Do you work with breakthrough technology with market potential? Then you should become better acquainted with the support schemes of the European Innovation Council (EIC). Event on Tuesday 7 of May. In the programme: Michiel Scheffer - chairman of the Board of the EIC.
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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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