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European Innovation Council
EIC Weekly Media Review
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EIC general news
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'Choose France' Summit attracts a promised €15B in foreign investment
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Science|Business | 14/05/2024 | The seventh edition of the annual summit attended by industry and investors took place on Monday. Among the announcements, Estonia’s Skeleton Technologies, one of the first ever companies to be funded by the EU’s start-up funded the European Innovation Council, will invest €600 million in the country. The company manufactures fast-charging batteries.
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A DARPA-like agency could boost EU innovation — but cannot come at the expense of existing schemes
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Nature | 14/05/2024 | At the end of last month, French President Emmanuel Macron gave a two-hour speech at Sorbonne University calling for Europe to create its own DARPA (the US Defense Advanced Research Projects Agency). Part of the EU’s dilemma is that it already has substantial funds for research designed to support what it calls “disruptive innovations”. In 2021, it created the European Innovation Council (EIC), which has an annual budget of €1 billion.
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Slovenia's government wants to overhaul its startup policies
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Sifted | 14/05/2024 | In 2023, Slovenia was marked as the worst in Europe for implementing startup friendly policies — but it is trying to turn that around. By 2030, the ministry wants Slovenia to have at least 476 startups per million inhabitants — twice as many as today — and for its startups to raise 10 times more money than they currently do (€41 per capita now versus a target of €410 per capita). It also wants its startups to reach the European average acceptance rate when applying to European Innovation Council programmes — the EU vehicles that give grants to and invest equity into European deeptech startups.
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European venture debt: a new kid on financing block
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Delano.lu | 15/05/2024 |At the EIB Adventure Debt Summit, Anna Panagopoulou - director of European research area and innovation at the European Commission, DG RTD - addressed the complementarity between the EU Commission, in particular the EIC, and the EIB.
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Beyond Horizon – creating an ambitious framework programme for Europe’s R&I excellence
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TheGuild.eu | 16/05/2024 | The position of the "Guild of European Research-Intensive Universities" about FP10. Among others, they push for the principle 'Embed innovation in scientific excellence'. Researchers must be empowered to select and carry out the knowledge valorisation they deem the most relevant. Instead of exclusively focusing on industrial policy priorities, the European Innovation Council must be open to all promising ideas and provide researchers easy access to proof-of-concept funding to develop these ideas.
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Canadian Researchers can now apply for Horizon Europe funding
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Innovation News Network | 16/05/2024 | Innovation, Science and Economic Development Canada has announced that Canadian Researchers can now apply for Horizon Europe funding opportunities. For those looking to start a business in Europe, funding is available through the European Innovation Council under Pillar 3.
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Calls to scrap EIT mount as Fraunhofer slams the EU technology institute
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Science|Business | 16/05/2024 | Germany’s leading technology translation body says European Institute of Innovation & Technology ‘fails to provide added value’. Fraunhofer’s core justification is that other EU funding schemes, such as the large collaborative projects funded under Horizon Europe pillar 2, or the European Innovation Council, are more adept at doing what EIT does. The paper says resources currently directed to the EIT should to be put back into FP10, in particular to support the European Innovation Council (EIC), the EU’s main start-up fund.
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What associated country status means for UK social sciences and humanities researchers
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Blog LSE | 17/05/2024 | On 1 January this year, the UK became an associated country to Horizon Europe, the EU’s flagship research scheme, and to the EU’s Earth observation programme Copernicus. The signing of the agreement on associated country status in September 2023, which came into effect on 1 January 2024, changed the conditions of access for UK applicants to Horizon Europe and Copernicus funding by granting applicants to calls in the Horizon Europe Work Programme 2024 onwards the same rights as EU participants, with very limited exceptions. These limitations affect access to the European Innovation Council (EIC) Fund and to programmes where eligibility for individual funding calls is restricted to member states or certain other countries under existing work programmes.
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EIC Pathfinder
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Printed organs, custom scalpels and other medical applications of 3D printing
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CE Noticias Financieras English | 12/05/2024 | The BIOMET4D project, funded by the European Innovation Council, aims to develop a new generation of implants with dynamic properties to restore tissues, applicable in reconstructive surgeries in conditions such as craniostenosis, in which the bones of a baby's skull close prematurely.
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Towards implantable multisensor to monitor the health of the cardiovascular system
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InSaluteNews.it | 15/05/2024 | The IV-Lab project funded by the European Union, coordinated by the Italian Institute of Technology in Pontedera, has received over 4 million euros from the European Innovation Council (EIC). The device will allow doctors to provide timely and personalized treatments.
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New podcast: Aston University research institute team discuss membrane separations and chocolate boxes
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Alpha Galileo | 16/05/2024 | In the latest Aston Institute for Membrane Excellence (AIME) podcast, three researchers discuss the international BIOmimetic selective extraction MEMbranes (BIOMEM) project, which received £3m from the European Innovation Council (EIC) Pathfinder programme, and how it will feed into AIME’s work.
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EIC Accelerator
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Infinite Orbits raises €12M to extend the lifespan of satellites
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Tech EU | 13/05/2024 | Infinite Orbits launched its first vessel into GEO Orbit, 35,700km above the Earth, last week. The verification and validation roadmap of Infinite Orbits’ technology started in 2019 with key technology partnerships including ESA & CNES and with funding from the European Innovation Council (EIC), bpifrance and La Region Occitanie.
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Start-up of the month: Recovering silver and silicon through photovoltaic module recycling
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PV Magazine | 13/05/2024 | The start-up Solar Materials has been operating a certified initial treatment facility for discarded photovoltaic modules since the end of 2023 and plans to scale up in 2025. So far, the company has financed itself primarily through venture capital investors bmp Ventures, First Imagine! and catapult. They also have just completed our Series A financing round and were able to win more than 6.5 million euros in funding such as the EIC Accelerator.
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What has occurred within the Bulgarian IT sector?
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Times News | 15/05/2024 | The IT sector in Bulgaria continues to develop actively within the first 4 months of 2024. The tech business actually has excellent news to share, from progressive AI tasks to vital funding and the launch of recent internship and education schemes. Among the companies mentioned in the article: Good Farm Robotix received €2.4 million from the European Innovation Council to develop an autonomous solar-powered robotic geared toward environment friendly crop weeding.
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DigiFarm is revolutionizing agriculture with artificial intelligence
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Ny Teknikk | 14/05/2024 | DigiFarm was an early adopter and received support from Innovation Norway to participate in national and European programs for technology and start-ups. In 2021, they raised a whopping 60 million in the European Championship for Innovation - the EIC Accelerator program in Horizon Europe.
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HEPHAISTOS secures Euro10.3 M to reach the clinical stage
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Investor Observer | 16/05/2024 | HEPHAISTOS-Pharma welcomes Elaia to complete its Seed Round, securing a total of €10.3 million from investors and non-dilutive financing. €4.5M seed round led by Elaia with xista sciences ventures, Fondation Fournier-Majoie, Noshaq, Angels Santé and Femmes Business Angels. €5.8M non-dilutive funding from the EIC Accelerator, Bpifrance i-Nov, and France 2030 clinical grant.
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Abora Solar closes a capital increase of 2.64 million for its international expansion
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PV Magazine | 13/05/2024 | Abora Solar, a Spanish manufacturer of panels with hybrid solar technology, formalized an investment round worth 2.64 million euros at the end of 2023. This capital injection will be used to accelerate the international expansion of the company, present in 36 countries, and to continue investing in RDI. The company has successfully completed the EIC Accelerator programme granted by the EU in 2020.
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AI to accelerate discoveries in rare childhood cancers
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Health Tech World | 14/05/2024 | A new collaboration between The Bardo Foundation, Iris.ai and the European Innovation Council (EIC), is set to harness artificial intelligence to accelerate much-needed discoveries for rare childhood cancers.
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Lyon start-up 3Deus Dynamics desires of turning into a world chief in silicone printing
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Archide | 17/05/2024 | On Could 2, the deeptech based in 2020 introduced that it had finalized a fundraising of 10 million euros from Elkem Silicone and the EIC Accelerator program of the European Innovation Council. Funding which can permit it to launch its first manufacturing line in early 2025 in its new 2,000 m2 manufacturing facility primarily based in Rilleux-la-Pape, within the metropolis of Lyon (Rhône), into which the corporate moved in Could 2023. But additionally to speed up its worldwide industrial growth and broaden the vary of supplies utilized in dynamic molding.
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Estonian DeepTech Nanordica Medical raises €1.75M to treat severe wounds
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InvestEstonia | 16/05/2024 | Estonian MedTech company Nanordica Medical has raised €1.75M to enter the market with first-in-class wound care products for severe wounds. The round was led by Estonian fund Specialist VC, with participation from Superangel and Amalfi. Previously, the company has closed a €2.4M EIC Accelerator funding round.
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Rapid and precise lab-on-a-chip water analysis – all from a little Panda!
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Envirotech | 16/05/2024 | The PANDa, from Klearia, – or Portable ANalyzer track for metal Detection – is built around unique, patented microfluidics technology; it detects trace harmful heavy metals in drinking, process and industrial water from 1 µg/L validated on real matrices. In 2022, Klearia secured the backing of the EIC Accelerator program to enhance the PANDa technology. Presently, Klearia are actively seeking industrial use cases to initiate pilot implementations.
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Orthopedic Digit Implants Market Size & Trends
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Grand View Research | 13/05/2024 | The global orthopedic digit implants market size was estimated at USD 265.0 million in 2023 and is expected to grow at a CAGR of 6.5% from 2024 to 2030. Increasing government and non-government initiatives will escalate the market growth. For instance, in June 2022, Loci Orthopaedics, a Medtech start-up, received USD 8 million in funding and financial support from the European Commission's European Innovation Council (EIC) Accelerator Programme.
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EIC Transition
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Sweetch Energy will optimize its unique zero-carbon electricity generation technology using Rockwell Automation's turnkey process control platform
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Informazione.it | 14/05/2024 | Sweetch Energy's first demonstrator osmotic plant is currently under construction and will soon be operational at the Barcarin lock in Port Saint Louis du Rhone, France. The company plans to install several osmotic stations at the mouth of the Rhône to harness natural osmotic energy. The company is financially supported by industrial, deeptech and cleantech investors, as well as by BPI, Ademe and the European Innovation Council.
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Green Queen weekly column: Future Food Quick Bites
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Green Queen | 15/05/2024 | Weekly column rounding up the latest news and developments in the alternative protein and sustainable food industry. This week, it includes: cultivated meat company ProFuse Technology has received a €2.4M grant from the European Innovation Council (EIC) Transition programme, a recognition of policy support for alternative proteins in the EU.
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Blood vessels on demand / 2.5 million euros for EIC Transition project Vasc-on-Demand
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16/05/2024 | Microblood vessels are the prerequisite for producing 3D tissue models. By realistically replicating human tissues, they offer more precise prediction of drug responses and help reduce animal testing. The European Innovation Council is now supporting a team led by Dr. Matthias Ryma from the Würzburg University Hospital (UKW) with 2.5 million euros for the commercial production of artificial blood vessels.
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EIC Fund
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#FFGSuccessStory Part 5: How sustainable ingredients are created from fruit seeds
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Leadersnet (AT) | 12/05/2024 | Kern Tec is a manufacturer and B2B supplier of seeds, oils and granules for the food and cosmetics industries. At the end of September 2023, the startup raised an impressive 12 million euros in a Series A financing round. The Series A is led by Telos Impact, with participation from the PeakBridge Growth 2 fund and the European Innovation Council (EIC) Fund.
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Carthera receives Orphan Drug Designation from US and EU authorities for carboplatin in malignant glioma
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Pharmiweb.com | 14/05/2024 | Carthera is a clinical-stage medtech company focused on developing innovative ultrasound-based medical devices to treat a wide range of brain disorders. Since its inception, the technical and clinical development of SonoCloud has received support from the National Research Agency (ANR), the French public investment bank (Bpifrance), the National Institutes of Health (NIH) and the European Innovation Council (EIC).
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EIC-funded NeuReality among the 50 most promising Israeli startups in 2024
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Calcalisttech | 13/05/2024 | In March of this year, the AI startup raised $20 million, with the European Innovation Council Fund among the investors in the current round.
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Rhea1: finally technical details on the CPU for European supercomputers
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14/05/2024 | SiPearl, a French company responsible for developing the European processor for HPC (high performance computing), will be in JUPITER, the first European exascale supercomputer (partly financed by the European Commission) which will be installed in Germany. A year ago, SiPearl completed a 90 million euro funding round with Arm, Eviden (Atos), the European Innovation Council (EIC) investment fund and French Tech Souveraineté. This windfall allowed him to resolve his financial concerns, recruit and move forward.
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A Lyon start-up wants to reduce the mortality of resuscitated patients
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TPBM - mesinfos | 15/05/2024 | Deeptech Orixha received financial support from the European innovation Council Fund and the French Tech seed fund, to validate its fluid ventilation technology, which aims to reduce the mortality of resuscitated patients.
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EIC Board
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News from the Council of the European Union following the Eurogroup meeting of 13 May 2024
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Council of the European Union news item | 13/05/2024 | Michiel Scheffer, the President of the Board of the European Innovation Council, gave his perspective, in particular on the relationship between SMEs here in Europe and innovation. He focussed on what further steps can be taken to support the innovation of small and medium-sized companies in the EU, which he said we should see as a source of competitive advantage.
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Events
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Innovative Europe Conference: Financing opportunities at the Universitat Autònoma de Barcelona (Spain)
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On 29 May 2024, the Universitat Autònoma de Barcelona organizes a day to publicize the calls of the European Innovation Council, EIC Pathfinder and Transition. During the day, there will be the participation of experts in the European Innovation Council programmes, including the National Contact Points for Pathfinder and Transition, who will explain in detail the most relevant aspects of the programme.
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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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