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European Innovation Council
EIC Weekly Media Review
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EIC general news
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EIC and EPO: working together to support European innovators and entrepreneurs
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ExBulletin | 22/05/2024 | The European Patent Office (EPO) and the European Innovation Council and Executive Agency for Small and Medium Enterprises (EISMEA) have reaffirmed their commitment to working together to foster innovation in Europe. On the sidelines of the Viva Technology 2024 conference in Paris this week, the two organizations reviewed the past year's joint activities centered on the European Innovation Council (EIC) and agreed to discuss expanding their cooperation.
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Europe in the technology trap
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FAZ.Net | 18/05/2024 | The finding is worrying: American companies are more likely to research high technology than German or European companies. But the European Union has the opportunity to learn from the United States. The European Innovation Council, place since 2021, supports breakthrough innovations - similar to ARPA. Of course, it does not makes sense to simply copy the US model ARPA - too different are the conditions for innovation on both sides of the Atlantic. Nevertheless, EU innovation policy must be judged by whether it achieves its goal of promoting breakthrough innovations.
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Maria da Graça Carvalho ‘confident’ member states will back EIT
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Science Business | 22/05/2024 | The EIT was designed to connect research, higher education, industry and private capital to spur innovation. However, since the launch of the European Innovation Council (EIC) in 2021, concerns have been raised about overlap between the two bodies.
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EIC Pathfinder
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Researchers' Work from Spanish National Research Council (CSIC) Focuses on Quantum Dots (Minimal Kitaev-transmon Qubit Based On Double Quantum Dots)
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Nanotech Daily | 16/05/2024 | Financial supporters for this research include Horizon Europe Framework Program of the European Commission through the European Innovation Council Pathfinder, Spanish Ministry of Science - MCIN/AEI, ERDF A way of making Europe, Spanish Comunidad de Madrid (CM) "Talento Program", European Union (EU), Consejo Superior de Investigaciones Cientificas (CSIC) Interdisciplin...
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Consortium to assess new instruments for early cardiovascular disease detection
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Labmate Online | 23/05/2024 | The STIMULUS - Speckle Technology and Digital Biomarkers of Microvascular Function for Monitoring Cardiovascular Diseases – project is funded by a European Innovation Council Pathfinder Challenges grant with a total EU budget is 3.9M€.
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ONWARD® Medical Reports Q1 2024 Update and Year-to-Date Highlights
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Sina.com.hk | 22/05/2024 | The Company expects to gain additional clinical data and experience with its implantable ARC-IM System in 2024, with several implants planned with support from the Michael J. Fox Foundation for Parkinson’s Research as well as several more planned in combination with an investigational brain-computer interface (BCI) with support from the European Innovation Council.
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EIC Accelerator
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Start-up funding: innovative idea seeks capital
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StartingUp.de (Germany) | 22/05/2024| The financing landscape for start-ups is diverse and complex. From venture capital to state start-up grants, there are numerous options that lay the foundation for the company's success. Johanna Baare, co-founder of traceless materials, says that the funding from the EIC Accelerator enables them to further accelerate their technology scaling.
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EIC Transition
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European Innovation Council funds development of the optical cochlear implant with 2.5 million euros
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Informations Dienst Wissenschaft | 16/05/2024 | International cooperation project “OptoWavePro” coordinated by the University Medical Center Göttingen (UMG) receives 2.5 million euros over a period of three years from the “EIC Transition” funding program of the European Innovation Council for the development of the optical cochlear implant to restore hearing in humans.
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Patent approval now also secured in the US, the largest IPF market
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Cision News | 17/05/2024 | Following the recent patent application approvals in Japan and China, the patent (composition of matter) for OXC-201, Oxcias potential breakthrough approach for the treatment of IPF (idiopathic pulmonary fibrosis), has now also been approved in the largest market, the US. As previously communicated, the EIC (European Innovation Council) awarded Oxcia AB in early 2023 a grant of 2.5 million euros within the EIC-Transition program for the next phase of the development of OXC-201.
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EIC Fund
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The Bulgarian-Norwegian company Iris.ai secured EUR 7.64 million in funding from Silverline Partners and EIC Accelerator
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Novini.bg | 23/05/2024 | Silverline Capital is a pioneering European company, venture capital fund and a leading investor in this funding round. Its contribution is multiplied by the European Innovation Council (EIC) Accelerator Fund, the flagship boost from the EIC start-up grant, preceded by Fund support in January 2023.
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Bulletin from the 2024 Annual General Meeting of Minesto AB
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Tanalys.se | | 22/05/2024 | With development funding of more than EUR 45 million from the European Regional Development Fund, the European Innovation Council and InnoEnergy, among others, Minesto is the EU's largest investment in marine energy.
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3Deus Dynamics Mobilizes $10 Million for Silicone 3D Printing
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Les Echos Weekend (France) | 16/05/2024 | Designer of a process for molding silicone parts in 3Deus Dynamics has just closed a 10 million million euros thanks to the entry into the capital of the European Bank and the European Innovation Council. This funding also includes a grant from the EIC Accelerator and traditional bonds.
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French startup Pasqal inks deal for Saudi Arabia’s first quantum computer
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The Next Web | 21/05/2024 | As of March this year, Pascal had raised $140mn from investors including Temasek, Quantonation, BpiFrance, and the European Innovation Council (EIC). This places the company firmly among the 10 best-funded quantum startups in the world.
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EIC Board
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In Calabria there is Profumo of "innovation in innovation"
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TFNews.it | 22/04/2024 | Electrical engineer, former Rector of the Faculty of Engineering of the Polytechnic of Turin, Francesco Profumo is a member of the new board of the European Innovation Council (EIC) and is now at the helm of the Scientific Committee of Entopan, which represents a sign of great fervour and commitment of our country in the field of innovation. This reality is called Entopan, a place that has a concentration of intelligence that goes beyond all expectations.
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Viewpoint: Slovakia needs help to pull its weight in EIC competitions
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Science Business | 22/05/2024 | In early April, the president of the European Innovation Council (EIC) Michiel Scheffer visited Slovakia, where he talked to Slovak innovators and key partners from the public sector about their experience of EIC funding schemes.
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Events
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An economic mission from Luxembourg at the VivaTechnology exhibition
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The Daily | 21/05/2024 | The Hereditary Grand Duke will chair a working visit to France in Paris mainly focused on the VivaTechnology exhibition, in which Luxembourg is participating for the5th time with a national pavilion jointly organised by the Chamber of Commerce, the Directorate for the Promotion of Foreign Trade and Investments of the Ministry of Foreign and European Affairs, Defence, Cooperation and Foreign Trade, and Startup Luxembourg. Many bilateral meetings are planned, including with two senior representatives of the European Innovation Council (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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