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European Innovation Council
EIC Weekly Media Review
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Highlights
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EU should spend more on Horizon Europe, Macron says
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Science|Business | 25/04/2024 | In a searing speech at the Sorbonne University, the French president said the EU needs to invest a lot more money in research and innovation. He praised the work of the European Innovation Council (EIC) so far; but with a budget of only €10 billion euros for seven years, its impact is limited, and the EU could go even further in supporting breakthrough innovations.
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Bulgarian commissioner: To adequately finance R&D, the EU needs private capital
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Euractiv | 15/04/2024 | Europe - “It can already be seen that the latest numbers bring me quite a bit of optimism. Because let’s not only be critical, let’s also say the good things when there are. Over €2 billion have already been invested by the European Innovation Council. Last year, around 350 startups were supported. Every euro invested by the European Innovation Council brings an additional €3.5 of private capital attracted. That’s exactly the point. We have to develop it and make it work’".
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EIC Prizes
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Ukrainian S.Lab start-up is on a quest for green packaging
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InnovationOrigins | 19/04/2024 | Recent winner of the EU Prize for Women Innovators (category: EIT Women Leadership) Ukrainian start-upper Julia Bialetska has developed biodegradable packaging with her company S.Lab.
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EIC general news
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EU – Turkey cooperation on green and digital transition
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ModernDiplomacy.eu | 25/04/2024 | Iliana Ivanova, European Commissioner for Innovation, Research, Culture, Education and Youth, and Mehmet Fatih Kacır, Minister of Industry and Technology of the Republic of Türkiye, have announced that three innovation programmes from Türkiye are now certified to take part in the European Innovation Council (EIC) Plug-in scheme, which will enable them to submit projects from their portfolio directly to the full application stage of the EIC Accelerator.
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Commission allocates additional €10 million to support researchers from Ukraine under Horizon Europe
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Delegation of the European Union to Ukraine | 19/04/2024 | The Commission has topped up the budget of the MSCA4Ukraine initiative, set up to support researchers forced to flee Ukraine, with an additional €10 million. The scheme, set up under Marie Skłodowska-Curie Actions (MSCA) has supported displaced researchers since the start of the Russian war of aggression against Ukraine. [...] The EU has recently opened a Horizon Europe Office in Kyiv and set up a scheme to help Ukrainian deep-tech companies under the European Innovation Council (EIC).
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Olaf Scholz adds to calls for capital markets union to solve EU innovation woes
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Science|Business | 24/04/2024 | Speaking at Germany’s annual science and innovation summit in Hannover, German chancellor Olaf Scholz has thrown his weight behind an EU capital markets union to close the bloc’s innovation gap with the US by allowing far more private funding to flow into European start-ups.
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EIC Pathfinder
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STIMULUS project develops novel imaging technology for early cardiovascular disease detection
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University of Turku | 19/04/2024 | The STIMULUS project consortium, funded by the EIC Pathfinder, is developing new tools to assess adverse changes in microcirculatory status associated with hypertension, chronic kidney disease and heart failure, leading to earlier detection of cardiovascular diseases.
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Romanian Co-Founded Startup Swisspod Seeks €7 Million For Hyperloop Revolution
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Romania Journal | 18/04/2024 | Swisspod Technologies, a startup founded by 2 winners of the SpaceX Hyperloop Competition — Romanian Denis Tudor and Cyril Dénéréaz, announces a new round of €200,000 on SeedBlink as part of a total funding round of €7 million.
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I-SCREEN programme will use AI and OCT imaging to identify and monitor AMD
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Ophthalmology Times Europe | 17/04/2024| A new research project in Europe entitled I-SCREEN is designed to help with the early detection of age-related macular degeneration (AMD). The I-SCREEN project uses an artificial intelligence (AI) programme that is compatible with optical coherence tomography (OCT) scanners. The programme will use these images to identify and monitor AMD in its early stages...
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Eating light: Finnish startup begins making food ‘from air and solar power’
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The Guardian | 19/04/2024 | Read about the EIC Pathfinder project 'Hydrocow' which developed solein, a protein grown with CO2 and electricity, that is hoped to help cut environmental impact of farming
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EIC Accelerator
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German storage heat pump manufacturer Envola to build heat pump plant in Bulgaria's Burgas - city
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SeeNews | 26/04/2024 | German storage heat pump manufacturer Envola, a company supported by the EIC Accelerator, intends to invest 50 million euro ($53.6 million) in a new plant in Bulgaria's coastal city of Burgas as part of plans for expansion in southern Europe, the local government said.
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Defacto Technologies wants to simplify the design of electronic circuits
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LesEchos.fr | 16/04/2024 | The Grenoble-based company markets software tools for creating complex integrated circuits. It has just been named winner of the European EIC Accelerator program and will receive 2.5 million euros in grants to develop its new technological solution.
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Eindhoven-spinoff Vitalfluid raises €5M for its plasma-water alternative to pesticides
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Silicon Canals | 18/04/2024 | Vitalfluid, an agritech spin-off from Eindhoven University of Technology, has announced that it has raised €5 million in seed funding. [...] Two years ago, regional development fund BOM and VDL Group poured €2M into the Eindhoven agtech company. European Innovation Council Accelerator programme provided grants worth €1.45M, according to Dealroom.
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Cornel Amariei, founder of .lumen: the EU bet on us that we will become a deep tech unicorn
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Wall-Street Romania | 18/04/2024 | In December 2021, .lumen received €9.7 million in funding from the European Innovation Council (EIC). The startup from Cluj-Napoca was the first in Romania to receive funds through this programme.
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EIC Fund
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ORIXHA receives EUR 4 million from EIC FUND and BPIFRANCE
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Fusacq | 18/04/2024 | Orixha announces a EUR 4 million raised 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 perm funding and Orixha to develop and clinically validate its total liquid ventilation technology for the intensive care of reanimated cardiac arrest.
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Events
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EIC Info Day in Luxembourg - 23 April 2024
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LuxInnovation | 24/04/2024 | The info day on 23 April 2024 provided information and hands-on advice on applying for EU funding for breakthrough technologies and the scaling up of innovations.
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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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