EUROPEAN INNOVATION COUNCIL AND SMES EXECUTIVE AGENCY

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12/10/2023

EIC Media Review - 12/10/2023

Parliament to demand bigger budget for Horizon Europe in 2024 (10/10/2023)

MEPs’ ambition is to up funding for the European Innovation Council, and for health and climate research. But this is once again at odds with budget cuts proposed by EU governments.

Finalists of the European Capital of Innovation 2023 competition unveiled (11/10/2023)

The European Commission announced on Friday, October 6, 2023, the six finalists of the "European Capital of Innovation" (iCapital) 2023 award. All finalists will be invited to join the working group of the European Innovation Council Forum (EIC Prizes Alumni Network), made up of previous iCapital Prize finalists.

European Innovation Council to adopt lump sum funding next year, sources say (11/10/2023)

The continuing roll out of lump sums across Horizon Europe is coming to the €10B European Innovation Council in 2024. Meanwhile, EU auditors are calling for ‘technical changes’ to this approach to disbursing grants. The new approach to EU research funding will apply to grants awarded by all three EIC-run programmes – Pathfinder, Transition and Accelerator. According to insiders, under the 2024 EIC work programme, each of the schemes will have one lump sum call (that will include Transition, which only runs one annual call).

A STEP towards supporting EU competitiveness and resilience in strategic sectors (10/10/2023)

The “Strategic Technologies for Europe Platform” (STEP) aims to boost digital, net-zero and biotechnologies and enable the EU’s industry to achieve the digital and net-zero transitions. “STEP was once foreseen to be the new European Sovereignty Fund – but it is not", said lead MEP for the Industry, Research and Energy Committee Christian Ehler (EPP, DE). "We ensured a properly functioning European Innovation Council to continue being the EU´s leading equity investor for strategic investments”, he added.

Michiel Scheffer at the EU Industry Days 2023 (10/10/2023)

Europe’s green tech start-ups face up-hill battle accessing financing and public procurements. While attending the EU Industry Days 2023 in Málaga, Spain, EIC Board President Michiel Scheffer stated that "[t]there will need to be a shift in the way savings and pensions are invested, away from investment in property. [...] The challenge is to invest in the jobs of the future, because it’s only the jobs of the future that will pay the pensions. Bricks don’t pay pensions.”

SDS Optic signed a financing agreement with the EIB for up to EUR 10 million (10/10/2023)

EIC supported company gets support from the European Investment Bank in scaling up its cancer detection technology. The purpose of the agreement with EIB is to support the continuation of research and development work aimed at intensifying the development of the inPROBE technological platform, including the use of the platform in new applications.

Valo Therapeutics Announces Acquisition of Bruker Corporation's Latest Mass Spectrometer Platform for Tumor Antigen Identification with ValoTx's PeptiCHIP Technology (11/10/2023)

Top-of-the-Line Molecular Analytics Instrument with Transformative Sensitivity will enable Rapid Identification of Tumor Antigens. Bruker’s timsTOF Ultra platform, launched in June 2023, will be instrumental in the further development and maturation of the PeptiCHIP microfluidic chip technology, supported by the EIC Transition PeptiCHIP grant.

FrontWave Imaging, a startup with supercomputing for early detection of breast cancer (10/10/2023)

The startup, a spin off of the Barcelona Supercomputing Center (BSC) and Imperial College London, has developed the UBIware software and is preparing its clinical validation in Vall d'Hebron and a financing closure. Among the public funds, the European funding obtained with the QUSTom project of the EIC Pathfinder of 424,000 euros in 2022 stands out; and the Neotec subsidy from the CDTI of the Ministry of Science and Innovation of 250,000 euros awarded this year.

EIC-funded CorWave announces the grand opening of its manufacturing facility on the banks of the Seine, next to Paris (10/10/2023)

Founded in 2012, CorWave's mission is to provide healthcare professionals with solutions to save heart failure patients and offer them an active life, by developing and manufacturing innovative cardiac assist devices. A member of the French Tech 120, CorWave was founded in 2012 by start-up studio MD Start and is funded by renowned investors including Bpifrance, Exor Ventures, EIC Fund, Financière Arbevel, M&L Healthcare, Novo Holdings, Seventure Partners, Sofinnova Partners, Ysios Capital and Vlerick Group. The company has secured over €80 million in equity and employs over seventy people.

Microsure secures €38 million to advance its microsurgical robot, MUSA-3 (10/10/2023)

The financing round welcomes a host of new investors, including the European Innovation Council Fund (EICF), kineo, Invest-NL, and several prominent private investor groups. Microsure’s commitment to innovation has also been recognized with an EIC Accelerator grant.

28/09/2023

EIC Media Review - 28/09/2023

EIC-funded deeptech start-ups at the heart of Europe’s tech sovereignty (27/09/2023)

Sifted mentions EIC-funded companies Orbex, D-Orbit, SiPearl and Pasqal among the list of 25 privately owned deeptech start-ups and scale-ups at the heart of Europe’s battle for technology sovereignty that it has compiled.

EEN2EIC: Financing for female tech founders and companies with female managers (25/09/2023)

Even though the proportion of women in the MINT industry is increasing, there are still very few female tech founders in Europe. Only 20 percent of all tech founders in this country are women, and they account for less than 5 percent of all VC deals in Europe. The new EU initiative EEN2EIC is intended to close this gap.

EU’s €20m Ukrainian grant scheme delayed amid conflict of interest complaint (26/09/2023)

Despite claims that the funding would be fast-tracked, the EU has not even selected the start-ups that will receive the cash, Sifted has learned

Multus company fights the barriers to commercialisation in the supply chain for cultivating meat from cells in bioreactors (27/09/2023)

A supply chain for cultivating meat from cells in bioreactors is emerging, as start-ups develop technologies that will make it easier and cheaper to scale up production. A number of start-ups have gone it alone in developing and commercialising cultured meat, establishing an initial market for these products, and paving the way for companies with enabling technologies, such as designer growth media and scaffolds for cell culture. A seed round of £1.6 million in 2021 helped the Multus company to bring out its first product, Proliferum M, a broad growth medium for mammalian cells intended initially for research use. In 2022 the company won a European Innovation Council Accelerator grant, which was funded to the tune of £2.15 million by the UK government. A Series A round from private investors in early 2023 brought in a further £5.75 million.

Polish National Centre for Research and Development launches second competition for Seal of Excellence companies (25/09/2023)

The Polish National Centre for Research and Development announced the second Seal of Excellence competition this year, implemented under the European Funds for a Modern Economy (FENG) programe. The budget of PLN 23 million is intended for Polish micro, small and medium-sized enterprises whose projects have been positively assessed by the European Commission and received the Seal of Excellence certificate under the EIC Accelerator instrument of the Horizon Europe program, but due to budget constraints they did not receive funding.

Finapp among 9 start-ups that could change how we look at water (27/09/2023)

Water technology is an industry with a lot of potential for innovation and growth. EIC Accelerator-supported Italian start-up Finapp is mentioned among some of the most promising early-stage companies. The company, a Padua University spinout, won $2.2m in funding from the European Innovation Council in June, following a $1.2m seed round last year.

Scaling logical density of DNA storage with enzymatically-ligated composite motifs (25/09/2023)

DNA is a promising candidate for long-term data storage due to its high density and endurance. The key challenge in DNA storage today is the cost of synthesis. The article presents the work which proposes composite motifs, a framework that uses a mixture of prefabricated motifs as building blocks to reduce synthesis cost by scaling logical density. This work was funded by the European Union’s Horizon research and innovation programme projects OligoArchive (Grant No. 863320), Glaciation (Grant No. 101070141), SYCLOPS (Grant No. 101092877) and EIC Transition project MOSS (Grant No. 101058035).

ONWARD® announces First-in-Human Implant of ARC-IM™ Stimulator with Brain-Computer Interface (BCI) to Restore Arm, Hand, and Finger Function after Spinal Cord Injury (27/09/2023)

ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announces the successful first-in-human implant of its ARC-IM Stimulator, to restore upper extremity function after SCI. The 46-year old male patient with a C4 spinal cord injury also received a wireless brain-computer interface (BCI), designed to initiate thought-driven movement when paired with ARC-IM. The study is supported by a grant from the European Innovation Council Pathfinder strand via the Reverse Paralysis project.

Thermal energy storage project initiated by Swisspod awarded €3.5M EU Grant (25/09/2023)

The Muspell project will be supported with EUR 3.5 million as part of the EIC Pathfinder Challenges programme. It aims to develop an innovative thermal energy storage system.

Two Irish projects bag millions from EIC Pathfinder grant (25/09/2023)

Two Irish projects (Polina and CellMembrane) have been listed among 53 successful awardees of the EIC Pathfinder. The selected projects will receive a total of nearly €170m, with the average grant size being €3.19m.

Horizon Europe, Euratom, Erasmus: What EU programmes has the UK signed up for? (26/09/2023)

After the limbo years following its exit from the EU, the UK has become an associated member of the EU research programme, Horizon Europe. In pillar 3, the UK will not participate specifically in the EIC Fund, a part of the EIC Accelerator scheme that invests in applicants through equity finance.

bound4blue raises €22.4 million from the European Commission, major corporate investors and VC (27/09/2023)

bound4blue, the European technology developer of automated wind-assisted propulsion systems for the maritime transport based in Spain, has secured a €15.9M Series A funding round led by GTT Strategic Ventures, with the participation of the EIC Fund (European Innovation Council), Shift4Good, Louis Dreyfus Company Ventures, the Sustainable Ocean Alliance, Sun Returns, Kai Capital and existing investors including the Ocean Born Foundation and CDTI (Centre for the Development of Technology and Innovation) through the co-investment initiative of Innvierte programme.

A company from Tenerife creates microchips for the greatest technological powers in the world (27/09/2023)

Before the summer, Woooptix announced the signing of a Series B financing round of 10 million euros, led by current investors Bullnet Capital and CDTI (Center for Industrial Technological Development) and supported by other new investors such as Danobatgroup, Fagor Automation, Mondragón Promotion Fund and European Innovation Council Fund (EIC).

UK start-ups remain at a big disadvantage in accessing European Innovation Council funding (25/09/2023)

Following the Horizon Europe association agreement announced by the UK and the EU this month,UK companies can now get grants of up to €2.5M from the EIC Accelerator programme. However, they are still excluded from its equity fund - and investments of up to €15M: the EIC Fund.

Sifted listed the EIC Fund as the fifth largest tech investor in Europe (26/09/2023)

Sifted Intelligence talked to six top VCs in European tech about their investment strategies last quarter and the bets they’re eyeing for the future. The EIC is also in the top spot of Sifted’s 10 most active tech-bio investors in Europe, making it the largest European investor in companies using cellular processes to develop life-enhancing technologies.

Make your pitch klaxon: European Prize for Women Innovators (27/09/2023)

Female pioneers making a ‘positive impact for people and planet’ have until tomorrow to enter the European Prize for Women Innovators 2023. Led by the European Innovation Council and European Institute of Innovation and Technology, the awards will go to the ‘most inspiring women entrepreneurs’ across three categories. The categories are: Women Innovators – ‘open to all women founders and co-founders from across the EU and Associated Countries’ The winner of this award will win €100k, with two runners-up getting €70k and €50k respectively. The Rising Innovators category is ‘open to promising young innovators under the age of 35’ with the winner awarded €50k, and two runners-up €30k and €20k. While the EIT Women Leadership award is ‘open to those with a direct link to the EIT Community or one of the existing Knowledge and Innovation Communities’. There is €50k for the winner and €30k and €20k for the runners-up.

Cork among the finalists of EIC Prize (25/09/2023)

Cork is among the 12 cities from 10 countries nominated in this year’s European Capital of Innovation Awards (iCapital), one of the six under the European Rising Innovative City category. It has the chance to win a €500,000 prize and be recognised for its role in creating an innovation ecosystem.

27/07/2023

EIC Media Review - 27/07/2023

European Innovation Council needs more autonomy to become a game changer (Science Business | Europe) (25/07/2023)

The EU’s €10B innovation fund has been riddled with problems since launching in 2021. Christian Ehler MEP says it’s too early to say it doesn’t work - but without more independence from the Commission, the EIC won’t fulfil its mission.

EIC now Europe’s biggest VC investor, says Commission (Research Professional News) (07/07/2023)

The European Innovation Council was the continent’s top venture capital investor in the first quarter of 2023 and has made “significant progress” in clearing its backlog of promised investments, according to the European Commission.

Italy's Ministry of University and Research signs MoU with the EIB Group (Telebrosa | Italy) (07/07/2023)

Among the points in the MoU are the creation of a joint working group to plan the activity of financial and technical assistance, support for start-ups interested in accessing the resources of the European Innovation Council (EIC).

The Ecosystem: deep-tech is not holding its breath for multiple vote share structures (Science Business | Europe) (18/07/2023)

There is generally a lot of support in the venture community for the measures the Commission has taken to channel funding for deep tech startups, for example through the European Innovation Council (EIC) and the European Investment Bank (EIB). The EIC now has a remit to match up to €30 million, but there is scope to go further, for example with regional EIC-type funds that could work across ecosystem to boost the scale-up phase.

How deep-tech start-ups can compete on the European stage (Silicon Republic | Ireland) (24/07/2023)

The European Innovation Council (EIC) was launched in March 2021 to support emerging tech in Europe and “make money out of science”. Through the EIC, more than €10bn will be invested in innovative research-based start-ups and SMEs up to 2027.

Early-stage startups may miss out as Europe’s accelerator fund gets a 50% cut (150 sec | Europe) (25/07/2023)

The European Commission’s (EC) European Innovation Council (EIC) Accelerator Fund is set to see a significant decrease in funding, from €1.09 billion in 2023, to €563 million in 2024, putting early-stage startups at a disadvantage.

Levelling up on infrastructure inspections, Kassel-based Twinsity gets a €2.5 million from EIC (Tech.eu | Europe) (07/07/2023)

As a kudus for its own 'structure' the start-up has bagged itself some funding from the European Innovation Council Accelerator (EIC), €2.5 million in fact – funds will help it assert itself globally and attract strategic partnerships with key players in the industry.

Aviwell Raises €9M in Seed Funding (FinSMEs | United Kingdom) (18/07/2023)

Aviwell announced that it has been awarded non-dilutive grants from both the European Innovation Council (EIC) and the Banque publique d’investissement of France (BPIFrance).

En Isère, Limatech produit une nouvelle génération de batteries pour alléger les avions (Usine nouvelle | France) (21/07/2023)

Parmi les investisseurs de cette deeptech, on retrouve notamment Bpifrance et la Commission européenne, via le Conseil européen de l’innovation (EIC Accelerator).

New answers to a medical problem plaguing 50% of women (ISRAEL21c | United States) (20/07/2023)

Escala, a portfolio company of The Trendlines Group, recently received a total of 5.5 million euros in grant and equity investment from the European Innovation Council.

Startup Funding: June 2023 (Semiconductor Engineering | United States) (10/07/2023)

June saw several large funding rounds, with seven of at least $100 million. The article features 8 companies that have all secured their financing from the EIC Accelerator.

Irish-US Company Celtic Biotech in French cancer venom trials reports grant boost (PR Newswire | Europe) (18/07/2023)

Irish company Celtic Biotech LTD has been awarded a grant of €2.5m from the EU European Innovation Council (EIC) Accelerator programme.

CO2 Battery Company Energy Dome Raises €55 Million in Series B Funding (Energy Portal | Europe) (20/07/2023)

Energy Dome, a company specializing in CO2 battery technology, has increased its Series B funding to €55 million with the addition of a second tranche. Including previous funding rounds and a grant and equity funding of €17.5 million from the European Innovation Council, Energy Dome has raised close to €100 million to-date.

No more pricks: Afon’s non-invasive glucose sensor to launch in 2024 (Gadgets & Wearables | United Kingdom) (24/07/2023)

The European Innovation Council (EIC) has given Afon Technology efforts a significant boost. They have recently awarded the company €2.4 million in funding in order to help accelerate their work.

Magnetic and acoustic levitation to protect bioprint heart models against radiation (Open Access Government) (25/07/2023)

After being awarded nearly 4 million euros by the European Innovation Council’s Pathfinder Open, PULSE is aiming to foster technological innovations to improve human health and pave the way for safer and more sustainable space exploration.

Sonio Raises $14M in Series A Funding for its AI-based Prenatal Screening and Diagnostics Platform (Les Echos, Femtechinsider, Maddyness) (11/07/2023)

Sonio, a French medtech company specializing in improving the health of pregnant individuals and children, has raised $14M in Series A funding led by Cross Border Impact Ventures and the Elaia funds. The funding follows the initial commitment of the EIC Fund in December 2022 and will play a pivotal role in advancing Sonio’s SaaS solution.

8 Spanish startups to watch, according to investors (Sifted.eu | Europe) (10/07/2023)

Investment into Spanish startups reached record levels during the first half of last year, with $2bn raised. Featuring Amadix, a biotech developing non-invasive diagnostic tests for early cancer detection in blood. The company received a €2.5m grant from the European Innovation Council.

Tenerife-based Wooptix closes €10 million Series B to automate its semiconductor metrology business (EU-Startups | Europe) (21/07/2023)

The round is participated by Bullnet Capital, CDTI (Centre for the Development of Technology and Innovation), Danobatgroup, European Innovation Council Fund (EIC), Fagor Automation, Intel Capital, and Mondragón Promotion.

10/07/2023

EIC Media Review - 10/07/2023

European Innovation Council launches new portal for Accelerator submissions (Science Business | Europe) (04/07/2023)

Start-ups that were unable to pitch their projects for a month after the €7B EU innovation fund shut down its submissions platform with no prior warning can now go ahead.

Brussels’ research bubble has high hopes for new commissioner nominee (Science Business | Europe) (29/06/2023)

Muriel Attané, secretary general of the European Association of Research and Technology Organisations (EARTO), says first on the list is fixing the problems plaguing the newer parts of Horizon Europe, including the low take up of the Missions, the shortcomings in getting the European Innovation Council (EIC) off the ground and the much-resisted introduction of lump sum funding.

Here are some of the most active VC firms in Europe this year (Silicon Republic | Ireland) (06/07/2023)

PitchBook has revealed the names of the top 10 most active VC firms in Europe so far this year, led by UK-based SFC Capital. The EIC is the only non-private VC body on Pitchbook’s list and boasts median round sizes of nearly €10m – only behind New York-based FJ Labs’ €10.5m, which placed ninth on the list.

How European Innovation Council Fosters A Tech Ecosystem in Europe (Intelligent HQ | United States) (06/07/2023)

With a rich history of scientific discoveries, a diverse talent pool, supportive policies, and a culture that embraces creativity, Europe has become a hotbed for innovation and a catalyst for economic growth. How do initiatives like the European Innovation Council fuel the growth of Europe’s innovation ecosystem?

Kitemill unveils first commercial system taking Airborne Wind Energy to utility scale (Electric energy online | Canada) (28/06/2023)

Kitemill has spent more than a decade building world-class knowledge, IP and assets. During that time, it has helped lead and consolidate the AWE sector acquiring Kite Power Systems (KPS) and eKite while securing significant investments from En-Vision Europe Limited Ignatia and the European Innovation Council.

X-trodes Awarded €5.2M to Advance Electrode Patch for Home Sleep Monitoring (Sleep Review | United States) (30/06/2023)

X-trodes, a developer in wireless monitoring solutions, has received a €5.2 million award from the European Innovation Council Accelerator to propel the development and commercialization of its home sleep monitoring solutions.

Madrid-based Bdeo raises additional €7.5 million to keep expanding its AI insurtech visual intelligence (EU-startups | Europe) (29/06/2023)

Bdeo was recently awarded the European Innovation Council’s ‘Seal of Excellence’, a recognition that the European Commission grants to only 160 companies each year, in the context of which grants were received from the Comunidad de Madrid and red.es as part of this new investment.

Cellbox Solutions Awarded EUR 2.5 Million Grant Combined with an Equity Component of up to EUR 10 Million Under the EIC Accelerator Programme (GlobeNewswire | United States) (05/07/2023)

Cellbox Solutions GmbH, a leading provider of warm chain logistics solutions for the research, development and shipment of cell-based therapies and cellular diagnostics, announced that it has been awarded an initial grant of EUR2.5 million combined with an additional equity funding of up to EUR10 million under the EIC Accelerator program sponsored by the European Union.

Twinsity receives EUR 2.5 million in funding (Startbase | Germany) (05/07/2023)

Winning €2.5 million in funding from the European Innovation Council Accelerator (EIC), Twinsity uses AI and MI to make monitoring bridges and oil and gas refineries more efficient and secure.

Estonian health technology startups get EUR 18 mln of support from EIC Accelerator (Baltic Business Daily | Estonia) (30/06/2023)

Estonian health technology startups Genecode and Bettermedicine have received a total of 18.4 million euros in support from the European Innovation Council's (EIC) Accelerator program.

‘It was an accident’: the scientists who have turned humid air into renewable power (The Guardian | United Kingdom) (02/07/2023)

Catcher and related projects received nearly €5.5m (£4.7m) in funding from the European Innovation Council. The result is a thin grey disc measuring 4cm (1.5in) across. According to the Lyubchyks, one of these devices can generate a relatively modest 1.5 volts and 10 milliamps.

The Italian-Swiss EBAMed collects round of 14.35 million euro (BeBeez | Italy) (28/06/2023)

EBAMed, a Swiss-Italian company specializing in the development of new image guidance systems for ventricular arrhythmias, has announced the closing of a €14.35 million Series A round, which was led by Panakès Partners, with the participation of EIC Fund.

Finland’s Woodio secures €16.3M to develop sustainable wood composite sanitaryware products (Silicon Canals | The Netherlands) (29/06/2023)

The current round was led by UB Forest Industry Green Growth Fund (UB FIGG), an investor that focuses on sustainable and resource-efficient forest and bio-based industries, and the European Innovation Council (EIC).

RISK Carthera closes a series B of €37.5m (Capital Finance | France) (03/07/2023)

La medtech, qui développe un dispositif à ultrasons destiné à traiter certaines maladies du cerveau, boucle une série B de 37,5 M€. Le fonds du Conseil européen de l'innovation (EICF) apporte, quant à lui, 10,5 M€. Des actionnaires historiques, tels que le fonds italien Panakès Partners, Relyens Innovation Santé (Turenne Santé) ou encore Supernova Invest, remettent au pot.

Hardt Hyperloop locks in €12 million for the European Hyperloop Center (Tech.eu | Europe) (05/07/2023)

Dutch hyperloop company Hardt Hyperloop been given another vote of confidence for its hyperloop dreams as it secures more funding for its European Hyperloop Center project. A total of more than €12 million has been raised with funding coming from the European Innovation Council (EIC) Fund.

Medtech startup GlucoSet raises €6M in series A (EIN Presswire | United States) (07/07/2023)

Norwegian medtech startup GlucoSet raised EUR 6m in the first closing of its series A round. This is following EUR 3.4m in research and development grants from the European Innovation Council and the Norwegian Research Council last winter.

Matija Žulj, the new EIC ambassador, on financing through EIC programs worth a few million euros (Netokracija | Croatia) (30/06/2023)

As a new ambassador whose company secured an investment of just over one million euros from the EIC in order to develop an AI tool for farmers, Matija plans to help other entrepreneurs to secure funds for their projects.

Only two tech start-ups from Romania have so far applied for non-reimbursable European funds (Ziarul Financiar | Romania) (03/07/2023)

Interview with Cristian Dăscălu: Local technology start-ups tend not to pay attention to non-reimbursable financing opportunities from European funds, even if the amounts can end up being substantial and even equal or greater than those provided by investment funds.

29/06/2023

EIC Media Review - 29/06/2023

Commission asks for €66B EU budget top-up (Politico | Europe) (20/06/2023)

The European Commission requested an increase of €66 billion on Tuesday for the EU's long-term budget after several crises drained the bloc's coffers.

European Innovation Council in line for an extra €2.6B in EU budget review (Science Business | Europe) (20/06/2023)

The long-awaited review of the EU’s seven-year budget puts the European Innovation Council (EIC) in line for an extra €2.6 billion, to be channelled through the Accelerator programme which provides grant and equity funding to cash-strapped start-ups.

Underwhelmed but relieved: Brussels policy bubble weighs in on EU budget update (Science Business | Europe) (22/06/2023)

Research and innovation experts have welcomed a proposal to put an extra €2.6 billion into the European Innovation Council’s start-up fund, but are unsettled by the growing imbalance between fundamental research and close-to-market innovation in the Horizon Europe research programme.

L'Europe face à ses nombreuses factures (Le Point | France) (22/06/2023)

La Commission considère plus sage de simplifier ce qui existe déjà, et notamment les procédures d'accès aux fonds existants pour les entreprises, qu'il s'agisse d'InvestEU, du Fonds pour l'innovation, du Conseil européen de l'innovation (EIC), du Fonds européen de la défense... Pour faciliter les démarches, il faudrait créer un « guichet unique » pour déployer les fonds existants (160 milliards d'euros) plus rapidement sur le terrain.

Feed-in schemes start to produce EIC winners (Research Professional News) (20/06/2023)

Schemes launched to support high-quality applications for funding from the EU’s European Innovation Council have started to produce results.

Developer of European Innovation Council’s submissions portal says Commission was not correct about ‘contractual dispute’ (Science Business | Europe) (15/06/2023)

Blame game has ensued after the Commission shut down the bespoke portal with no prior notice. And the application process is likely to be messy for a while, with temporary solutions still being set up.

The Innovation Loop calls out EISMEA’s explanations for EIC AI Platform shutdown: Here’s the French startup’s perspective (Silicon Canals | Europe) (21/06/2023)

The Innovation Loop (TIL) believes that the EIC’s sudden decision to revoke all access to the platform without notice has had a damaging impact on applicants. The company argues that the situation could have been avoided if EISMEA had restructured the data from proposals prepared on the EIC AI Platform into any new template validated by EISMEA.

Businesswomen are invited to participate in the selection for the European Women Innovators Awards (ELTA | Lithuania) (19/06/2023)

[Also mentioned in Portuguese Media Açoriano Oriental] The European Innovation Council (EIC) and the European Institute of Innovation and Technology (EIT) are announcing the call for the European Women Innovators Awards, the Ministry of Education, Science and Sport announces.

The EU Prize for Women Innovators is shrinking (Science Business - Elsewhere in the Ecosystem Feature) (20/06/2023)

The EU Prize for Women Innovators is shrinking, with smaller awards and less money over all in the 2023-24 competition.

150 people in Rovereto for the EIC Info Day (Provincia Autonoma di Trento | Italy) (20/06/2023)

The event was attended by innovators operating in universities, research centers or companies and start-ups, who were invited to apply for these high-potential European projects, emphasizing the local commitment to making tools available to support innovative projects.

Research groups welcome EIC board statement on IP (Research Professional News) (27/06/2023)

A group of research organisations has welcomed the recent statement by the board of the European Innovation Council saying that the EU funder should change its rules around intellectual property.

EIC selects 51 high-tech companies for €260 million support (Agence Europe | Europe) (20/06/2023)

The European Innovation Council (EIC) has announced that 51 companies active in disruptive technologies (deep tech) have been selected to receive financial support from the EIC as part of the second selection of the EIC Accelerator for 2023 in March.

Four Innovative Irish Medical Start-Ups Granted €18m In EU Funding (Business Plus | Ireland) (20/06/2023)

Irish medical start-ups, backed by Enterprise Ireland, Luminate Medical, Hooke Bio, BioSimulytics, and Celtic Biotech have won €18m in funding under the European Commission’s European Innovation Council (EIC) Accelerator Programme.

Dutch AI medical image analysis company Thirona secures grant from EIC to revolutionise lung treatment using AI (Silicon Canals | The Netherlands) (26/06/2023)

The Netherlands-based Thirona, a company that specialises in advanced CT image analysis with artificial intelligence, has been awarded funding by the European Innovation Council (EIC).

Galway medtech company among winners of €18m funding (Galway daily | Ireland) (26/06/2023)

Galway based medtech company Luminate Medical is one of four which have won funding approvals of up to €18 million. The funding comes from the latest competition under Horizon Europe’s European Innovation Council (EIC) Accelerator Programme.

Escala Medical Awarded EUR5.5 Million EIC Funding to Revolutionize Pelvic Organ Prolapse Treatment (PR Newswire | Europe) (26/06/2023)

Escala Medical Ltd., proudly announces its selection as a recipient of a EUR5.5 million in grant and equity investment from the European Innovation Council. Escala is at the forefront of the pelvic organ prolapse (POP) treatment revolution.

WIDMO Spectral Technologies gets funding of over EUR 5.5 million from EIC Accelerator (My Company Polska | Poland) (21/06/2023)

The Polish deep-tech startup WIDMO Spectral Technologies will receive over EUR 5.5 million from the EU EIC Accelerator programme for the development of the WIDMO Cities solution - subsurface scanning of entire cities. It is the only company from Poland and one of three from Central and Eastern Europe that received funding from this year's second spring round of the programme.

X-trodes awarded €5.2M Funding from European Innovation Council (EIC) to Advance Breakthrough Home Sleep Monitoring Solution (PR Newswire | Europe) (27/06/2023)

X-trodes, a trailblazer in wireless monitoring solutions, is thrilled to announce its selection as a recipient of a €5.2M award from the esteemed European Innovation Council Accelerator (EIC).

A new platform uses blockchain and AI to allow users to track and trace their entire supply chain (Springwise | UK) (26/06/2023)

Tilkal’s platform uses blockchain, artificial intelligence (AI), and data analytics to create a full digital representation of the supply chain in real time. Since its founding, the company has completed various funding rounds, as well as received a €2.5 million grant from the European Innovation Council.

Vaultree named in World Economic Forum list of top global start-ups (Silicon Republic | Ireland) (21/06/2023)

The high-potential cybersecurity start-up was also selected for the European Innovation Council accelerator following a “highly competitive” selection process that saw more than 1,000 companies apply and only 78 make the cut.

AI companies take in SEK 45 million (Elektronik Tidningen | Sweden) (20/06/2023)

Company Embedl receives a total of SEK 45 million via a capital round and co-financing. The company streamlines AI calculations. The co-financier is the EIC (European Innovation Council), a European strategic fund that invests in research-based technologies.

La start-up 3Deus Dynamics promeut ses joints en impression 3D pour l’aéronautique (Le Progrès | France) (20/06/2023)

La start-up villeurbannaise, lauréate du Conseil européen de l’innovation EIC Accelerator , grâce à son procédé 3D en milieu contraint, le “Moulage dynamique”, cible désormais, après le secteur de la santé celui de l’aéronautique.

Finapp awarded 3 million from the European Innovation Council (Repubblica | Italy) (20/06/2023)

Finapp, the deep tech start-up was between the two Italian winners of the March 2023 cut-off of the EIC Accelerator.

Maeve Aerospace adopts Siemens Xcelerator for development of next generation all-electric, zero emissions commuter aircraft (PR Newswire | U.S.) (20/06/2023)

Maeve's growing team of aviation experts is pioneering the path towards zero emission flights. Recently, Maeve Aerospace received a global interest from investors including a conditional investment of EUR17.5 million co-investment from the European Innovation Council and over EUR2,5 million in Dutch grants.

OneChain Immunotherapeutics closes an investment round of 6.7 million euros (El Referente | Spain) (22/06/2023)

In addition to the trust placed by private investors, OCI has received an economic injection from the European Innovation Council (EIC) through its Transition call, which promotes activities aimed at preparing new technologies for market release. Specifically, the company has received 2.5 million euros for the development of a novel CAR-T therapy.

New Technology Will Let Farmers Produce Own Fertilizer, E-fuels (Morning Ag Clips | U.S.) (26/06/2023)

The project has received funding of around DKK 26 million (EUR 3.5 million) from the European Innovation Council’s Pathfinder programme and has participants from France, the Netherlands, Belgium, Norway, Greenland and Denmark. Aarhus University is in charge of the project.

Iceland's DTE raises $10 million to further fuel its real-time insights for quality control in metal production (Tech.eu | Europe) (20/06/2023)

Iceland’s DTE, a platform providing insights to the metal production and manufacturing industry has raised $10 million in what it is calling a Series A2 round. The round includes Novelis, Metaplanet and the European Innovation Council (EIC) Fund, along with existing investors Chrysalix Venture Capital and Brunnur Ventures.

CorWave rallonge sa série C de 26 M€ (Capital finance | France) (19/06/2023)

En collectant 26 M€ supplémentaires, CorWave boucle sa série C entamée en 2021 sur un montant global de 61 M€.

Mobile World Capital wins European project to boost 120 scientific startups (ITespresso | Spain) (16/06/2023)

[Also featured in The New Barcelona Post] - MWCapital grows as a venture builder of technologies from research centers and universities and scales to a European level. It will have a budget of almost 4 million euros in two annual installments from the European Innovation Council (EIC).

Carthera Closes €37.5M Series B Funding (FinSMEs.com) (27/06/2023)

[Also featured in Leprogres.fr] - The round was led by an undisclosed investor, alongside the European Innovation Council Fund (EICF), Panakès Partners, Relyens Innovation Santé (Turenne Santé) and Supernova Invest with its Supernova 2 fund.

Neurofeedback device for PTSD begins US Market Launch (ISRAELI21c | Israel) (20/06/2023)

Prism for PTSD was developed at Haifa-based GrayMatters Health. They raised a seed round shortly before the Covid pandemic and altogether have raised $13 million from US and Japanese investors, the European Innovation Council, the BIRD Foundation and the Israel Innovation Authority.

15/06/2023

EIC Media Review - 15/06/2023

European Innovation Council’s Accelerator submissions portal shut down with no notice (Science Business | Europe) (05/06/2023)

The European Innovation Council’s (EIC) bespoke submissions platform for start-ups applying for grants and equity has been shut down with no prior warning. The Commission has blamed a contractual dispute but provided no further explanation.

New EIC boss wants bigger tickets for deeptech (Sifted | Europe) (02/06/2023)

Michiel Scheffer's presidency of the EIC starts at a tricky time — but he wants the EU's biggest investment body to regain startups' trust.

Europe kicks off new support measures to help (future) deep tech innovators scale up their businesses (Tech.eu | Europe) (02/06/2023)

The European Commission has unveiled the 'EIC Scale Up 100' initiative, aims to support the growth of 100 promising European deep tech scale-ups on their journeys to become unicorns.

Start-ups left hanging in EU medical device regulation snarl-up (Science Business | Europe) (13/06/2023)

Delays in getting the CE mark for medical devices are stretching the resources of European start-ups and forcing some to turn their attention to the US.

Michiel Scheffer (EU Innovatieraad) mag 10 miljard ‘geduld kapitaal’ in startups pompen (MT/Sprout | The Netherlands) (09/06/2023)

As the new leader of the European Innovation Council, Michiel Scheffer (58) can grant support to start-up companies. The new EU fund contains no less than 10 billion euros. But Scheffer does not want to do it alone: 'We want to entice private investors to cooperate, not compete with them.'

Vinnova to join EIC investor partnership programme (Science Business | Europe) (30/05/2023)

Vinnova will take part in the EIC Investor Partnership Programme on 31 May 2023 and 1 June 2023. Through this programme, Vinnova and the European Innovation Council (EIC), the European Commission's main agency in support of innovation, join forces to step up innovation in a wide range of sectors and fields.

Call to encourage academic engagement with deep tech entrepreneurship (Science Business | Europe) (01/06/2023)

Among the 15 recommendations to improve the involvement of science and technology universities in deep tech entrepreneurship CESAER wants to see the European Innovation Council given a greater role. One suggestion for doing this is the creation of an ‘EIC Young Innovator’ funding scheme to support commercialisation.

The Ecosystem: European Innovation Council-funded initiative selects its first cohort of Widening start-ups (Science Business | Europe) (07/06/2023)

Six deep tech start-ups have begun a six-month programme of workshops, masterclasses and coaching to shape them up for private investment after being selected for mentoring as part of a European Innovation Council (EIC) programme set up to support young companies in Widening countries.

Sonio, the start-up that wants to improve prenatal diagnosis (Challenges.fr | France) (25/05/2023)

The start-up raised 5 million euros last year from the Elaia fund, alongside OneRagtime and Bpifrance. They won 10 million euros thanks to the European Innovation Council accelerator: 2.5 million in grants and 7.5 million in equity investments for our next round.

Real Hearts CEO optimistic about EU loans in the future (Finwire | Sweden) (12/06/2023)

The medical technology company Real Heart, which develops artificial hearts, has secured 2.5 million euros from the European Innovation Council - a figure that can climb to 15 million euros.

Paraplegic walks again thanks to Swiss implant (Lenews.ch | Switzerland) (27/05/2023)

[This news item got considerable mentions on publications such as The New York Times, BBC, CNN, Independent, Business Insider, ABC News, etc.] - Researchers at the Swiss Federal Institute of Technology in Lausanne (EPFL) and the University Hospital in Lausanne (CHUV) tested a new system which allows the brain and spinal column to communicate. According to a statement by the CHUV, they have received support from the European Innovation Council (EIC) to develop a commercial version.

Revolutionising Energy Transition with Cutting-Edge Magnets (Innovation Origins | Europe) (01/06/2023)

TU Darmstadt received a funding of three million euros by the European Innovation Council for a research project on alternative magnetic materials.

Universitat AutOnoma de Barcelona: Project BioFINE to improve bionic prostheses (ENP Newswire | UK) (29/05/2023)

The aim of the project is to enhance biocompatibility of intraneural electrodes for bionic limbs as a multi-dimensional bio-chemical-engineering challenge. The project is funded by the European Innovation Council within the Horizon-EIC-2022-Pathfinder Open program.

VarmX Raises €30 Million Series B2 Financing for IND Approval and Preparations for Pivotal Trial (Dutchnews.nl | The Netherlands) (25/05/2023)

The round was led by Sound Bioventures whilst the European Innovation Council (EIC) Fund also joined as a new investor.

Dronamics Cargo Drone Takes First Flight, Paving the Way for the Future of Deliveries (PR Newswire | Europe) (25/05/2023)

Dronamics has raised a total of $40 million in pre-Series A funding from early-stage funds and angel investors from 12 countries and is co-funded by the European Union under the prestigious European Innovation Council, Europe's flagship innovation program.

25/05/2023

EIC Media Review - 25/05/2023

European Commission sets up new European Innovation Council unit in the research directorate (Science Business | Europe) (23/05/2023)

Parts of EIC will now be overseen directly by the Commission, with Keith Sequeira, who was the head of governance at EISMEA, heading up the new EIC unit at DG RTD.

Gabriel resigns as EU research commissioner to try forming Bulgarian government (Science Business | Europe) (15/05/2023)

Commission President Ursula von der Leyen immediately accepted Gabriel's resignation and thanked her for her service overseeing the EU’s €95.5 billion Horizon Europe programme and supporting innovation through the European Innovation Council.

European Innovation Council will provide EUR 20 million for the development of innovations in Ukraine: Ministry of Digital Transformation (Ukrainian Government News | Ukraine) (11/05/2023)

The European Innovation Council will provide EUR 20 million to promote innovation in Ukraine. The Seeds of Bravery project will last for two years, and the first winners will receive funding in 2023.

EISMEA launches a €4 million tender for management of EIC Community Platform (Agence Europe | Europe) (16/05/2023)

The European Innovation Council (EIC) announced on Monday 15 May the launch of a new EU Business Acceleration Services (BAS) programme.

Changes to IP rules expected at EIC (Research Professional) (11/05/2023)

A leading member of the European Innovation Council’s governing board has said he expects the European Commission to implement changes to the funding agency’s rules on intellectual property.

Oscillum receives 1.5 million from the CDTI for its technology to reduce food waste (Alicanteplaza | Spain) (18/05/2023)

The startup Oscillum has received 1.5 million euros from the Center for Industrial Technological Development (CDTI) which offers support to those projects that obtained the Seal of Excellence in any of the calls for the "Accelerator" instrument of the European Innovation Council of the Horizon Europe program ("EIC Accelerator 2022").

EIT Health: Arthex Biotech closes €42M Series B financing round (Science Business | Europe) (16/05/2023)

Arthex Biotech has successfully closed a €42 million Series B financing round. Prior to attracting these funds, the Valencia-based clinical-stage biotech start-up received an EIC accelerator grant.

Amniotics led EIC-Pathfinder 3.8 M€ oncology project has started (Modular Finance | Sweden) (12/05/2023)

Amniotics AB today announces that the European Innovation Council (EIC) funded HyperTargIPS-NK EIC Pathfinder project has been formally initiated.

A more accurate way to measure brain electrical activity (Techniques de l'Ingénieur | France) (22/05/2023)

European research project Cerebro has begun to design a contrast product of an electromagnetic nature which will be injected into the blood of patients and should make it possible to improve the quality of electroencephalograms. The project is funded by the European EIC Pathfinder Open program, led by the European Innovation Council.

Denmarks Sparrow Quantum raises €4.1 million for its integrated chip for on-demand single-photon streams (Tech.eu | Europe) (11/05/2023)

Danish quantum technology company Sparrow Quantum has raised €4.1 million in seed funding. The funding round was led by the venture capital firm 2xN and includes co-investment from LIFTT and the European Innovation Council (EIC).

EIC Fund to Invest Upto USD3.79 Million in Scandinavian Realheart (Marketline | UK) (18/05/2023)

Realheart receives confirmation of an initial investment from the EIC of up to EUR3.5 Million.

InProTher Announces EUR 6M Seed Financing with the Participation of the European Innovation Council Fund to Develop First-In-Class Cancer Immunotherapy (PR Newswire | Europe) (24/05/2023)

The financing will enable InProTher to advance its lead drug candidate, IPT001, a first-in-class immunotherapy against solid tumors, into clinical development.

Sip and Snack: The Edible Coffee Cup Lands €1.8M Funding from VCs and EIC (The Recursive | Bulgaria) (23/05/2023)

Sustainable foodtech startup Cupffee secured new funding totaling €1.8M through a €500K pre-seed round led by Eleven Ventures and a €1.3M grant from the European Innovation Council (EIC).

Ana Maiques (Alicanteplaza | Spain) (22/05/2023)

Ana Maiques talks to Alicante Plaza about the ins and outs of her company, neurological disease research, her role at the European Innovation Council, efforts for diversifying the innovation landscape in Europe and promoting female-led tech startups in Europe.

Raycho Raychev (Investor.bg | Bulgaria) (23/05/2023)

Raicho Raichev, founder and CEO of EnduroSat talks about his projects, being an ambassador of the European Innovation Council, EIC programme benefits, and Bulgarian innovation ecosystem.

Jana Kolar (Delo | Slovenia) (18/05/2023)

Jana Kolar talks about the European Innovation Council, its programmes and the success stories of three Slovenian companies that received funding.

11/05/2023

EIC Media Review - 11/05/2023

EIC board says IP rules should change over sector complaints (Researchprofessionalnews.com) (04/05/2023)

The EU’s main innovation funder should change its rules on intellectual property, its governing board has said, after meeting with the research and innovation sector to discuss widespread concerns.

The Ecosystem: Womenture wins €500K EU grant to map best practice and address bias in entrepreneurship (Science Business | Europe) (26/04/2023)

The piece features remarks from Ana Barjasic, chief executive of Connectology and chair of the European Innovation Council (EIC) board’s Widening Countries Working Group.

VAR Ventures and Maersk Growth invest in Danish biofuel company (Biofuels International Daily | U.K.) (27/04/2023)

Kvasir Technologies has raised a total of around €7 million this past year, including a €2.5 million non-dilutive grant from the European Innovation Council (EIC) and various other project grants.

Irish medtechs backed by EIT Health raised €75.3m in 2022 (Silicon Republic | Ireland) (27/04/2023)

Selio Medical secured €2.5m in European Innovation Council Accelerator funding last year. The Trinity College Dublin spin-out is developing a novel platform medical device and aims to transform lung biopsy procedures.

Long-duration ‘CO2 Battery’ maker Energy Dome closes €40 million Series B (Energy Storage News | U.K.) (27/04/2023)

The company said today that the latest round brings the amount invested into it to EU54 million since it was founded in 2020. In January, it also got €17.5 million (US$18.5 million) grant and equity financing from the European Commission-founded European Innovation Council.

Here Is How AI Is Being Used In Fetal Ultrasounds (Forbes | U.S.) (26/04/2023)

In December 2022, French AI-based software company Sonio received €10 million from the European Innovation Council (EIC) accelerator.

Hydrogen: Sakowin will install a demonstrator in Switzerland (GreenUnivers | France) (28/04/2023)

Founded in 2017, Sakowin was certified deeptech in March 2022 and has already successfully raised several funds. The company is looking for private investors and ensures that half of the sum is already secured with the accelerator of the European Innovation Council, which has already participated in the second round of 2022.

EIC Accelerator Program: Millionenzuschuss für Energy Robotics (Fundscene | Germany) (04/05/2023)

Energy Robotics, leading developer and provider of a software platform for digitizing industrial inspection and security tasks, has convinced the European Innovation Council (EIC) of the company's business model and innovative solutions as part of its Accelerator Program.

Catalonia, second European region that captures the most funding for 'deeptech' startups (VIA Empresa | Spain) (05/05/2023)

Catalonia is the second European region that has obtained the most funding for deeptech startups, according to the calculations of ACCIÓ. Specifically, five Catalan startups have raised 39.7 million euros in the European Commission's 2022 call for proposals for the European Innovation Council Accelerator (EIC Accelerator).

Enterprise Europe Network - 15 years of information and support services for an ambitious international company (Äripäev | Estonia) (08/05/2023)

EEN Estonian partner Invent Baltics has excellent experience with successful projects of the European Innovation Council Accelerator, having advised 12 of the 19 funded projects in Estonia. Over the past year, with the help of Invent Baltics, the European Innovation Council's Accelerator has supported VOOL (MultiCharge OÜ), the manufacturer of innovative electric car chargers, Nanordica OÜ, the developer of the highly effective antibacterial patch, and Patchstack OÜ, a cyber security company.

Afon Technology’s non-invasive continuous glucose monitor can (Diabetes Times | UK) (03/05/2023)

Founded in 2015 and based in Wales, Afon Technology has been awarded a number of grants for its work on this ground-breaking technology, most recently an Accelerator Grant for €2.4million from the European Innovation Council.

A New European-funded Project to Revolutionize Bioprinting of Living Materials (ENP Newswire | U.K.) (28/04/2023)

To bolster the field, the European Innovation Council has established a fund dedicated to Engineered Living Materials projects. In this context, the PRISM-LT project received a EUR2.3 million grant for a five-year program that aims to create an adaptable platform for 3D bioprinting of living tissue with dynamic functionalities and predictable shapes.

European Innovation Council allocated 20 million euros to support Ukrainian startups (Ain | Ukraine) (10/05/2023)

The European Innovation Council (EIC) announced the project called Seeds of Bravery and a consortium of more than twenty partners as the winners of the program to support Ukrainian startups, technology entrepreneurs and the ecosystem for 20 million euros. As Cyber/nnov8 founder Sviatoslav Sviatnenko reported, among other things, the support program provides for the creation of a 12 million euro fund for Ukrainian innovative startups.

The 2023 edition of the European Innovation Procurement Awards is underway (Apre | Italy) (02/05/2023)

The European Commission has launched the third edition of the European Innovation Procurement Awards (EUIPA). Supported by the European Innovation Council (EIC) under Horizon Europe, the award is aimed at public and private operators, individuals and legal entities promoting innovative solutions for public procurement.

KOA Biotech selected to be part of the European Women TechEU program (VIA Empresa | Spain) (26/04/2023)

Selected companies will receive advice and training through the European Innovation Council (EIC) Leadership Program for Women, a program to improve business skills and networking for researchers and innovators. In the case of Koa Biotech, this aid will help them to continue verifying the economic, technical and commercial viability of their solutions.

Research Conducted at Umea University Has Provided New Information about Applied Physics (Electronics Newsweekly | U.S.) (02/05/2023)

According to news reporting originating from Umea, Sweden, by VerticalNews correspondents, research stated, "Plasmonics represents a unique approach to confine and enhance electromagnetic radiation well below the diffraction limit." Funders for the research include Swedish Research Council, Kempestiftelserna, European Innovation Council, Luxembourg National Research Fund and etc.

Oppenhoff Advises EIC Fund On Investment In Tech Start-up Enote (Mondaq Business Briefing | UK) (04/05/2023)

Oppenhoff has once again comprehensively advised the EIC Fund on its investments in Germany. This time, the EIC Fund invested together with Dieter von Holzbrink Ventures (DvH Ventures) and the Rudolf Fuchs Family Office in a Series A financing round in the tech start-up enote GmbH.

Tada Group AB signs convertible loan with EIC Fund (PRnewswire | UK) (03/05/2023)

Having recently closed a round of 10 million SEK in equity, Tada Group AB have now secured a convertible loan with the EIC Fund advised by the EIB of 9 million SEK.

Sunrise Raises €17 Million in Funding (Nutraceuticals World | US) (04/05/2023)

Sunrise has received a €17 million funding infusion led by Kurma Partners and the European Innovation Council (EIC Fund).

ARTHEx Biotech Announces Closing of €42 M Series B Financing to Advance ATX-01, its Novel Treatment for Myotonic Dystrophy Type 1 (Biospace | US) (03/05/2023)

Round led by Columbus Venture Partners, with participation of European Innovation Council (EIC), Hadean Ventures, Sound Bioventures, and existing investors Invivo Capital, AdBio Partners, and CDTI.

The world’s its oyster for SiPearl as Arm backs €90m Series A (Business Weekly | UK) (04/05/2023)

Investors in the latest round alongside Arm include Atos Group, through its Eviden business composed of Atos’ digital, big data and security activities; Dr Hauser’s European Innovation Council Fund, which previously injected €15m.

27/04/2023

EIC Media Review - 27/04/2023

€75M to be diverted from Horizon Europe budget, as deal is reached on the Chips Act (Science Business | Europe) (20/04/2023)

An industrial partnership, the Chips Joint Undertaking, will be the main spending vehicle, with a budget of almost €2.9 billion. Another €125 million will be spent through InvestEU and €300 million will go to start-ups through Horizon Europe’s European Innovation Council (EIC).

EU backs 100+ women-founded deep tech startups; Women remain chronically underrepresented in the industry (The Next Web | the Netherlands) (17/04/2023)

The startups selected for the second round will now each receive an individual grant of €75,000. The female founders will also be offered mentoring and coaching under the European Innovation Council (EIC) Women Leadership Programme, and be afforded access to EU networking opportunities.

Gloomy survey of Europe’s VC market is at odds with Commission optimism (Science Business | Europe) (13/04/2023)

In 2021, the Commission launched its own equity fund for start-ups under the €10 billion European Innovation Council. With some hiccups along the way, it has invested directly, or promised investments, of up to €15 million, to 230 start-ups.

Seven women-led technologies chosen for European program funding (CE NoticiasFinancieras | Portugal) (21/04/2023)

Seven Portuguese technology-based companies led by women were selected for the Women TechEU program, which funds their growth and innovation process, revealed this Friday the National Innovation Agency (ANI), which is monitoring the European Commission initiative from Portugal.

UniBo - invisible code to promote plastic recycling (Agencia Italia | Italy) (20/04/2023)

The awarded project is called PRESTO: it will be an invisible marker for plastic products, designed to encourage recycling and increase the value of plastic after its first use, thus decreasing pollution. Mentoring and coaching will be offered as part of the European Innovation Council's (EIC) Women Leadership programme, as well as networking opportunities across the European Union.

Educational association ALPA Kids won 75,000 euros from the "Women TechEU" program (BNS News | Estonia) (17/04/2023)

The "Women TechEU" program funded by the European Innovation Council, which supports female founders, has earmarked 75,000 euros for educational technology start-up ALPA Kids to take the company's technological development to a new level.

How artificial intelligence is matching drugs to patients (BBC | UK) (17/04/2023)

An example of how AI is increasingly being used in the pharmaceutical sector, the company has secured funding from the European Union's European Research Council and European Innovation Council. Genetika+ is also working with pharmaceutical firms to develop new precision drugs.

From filtering blood to portable ECGs: Five European healthtechs that are going strong (Sifted | Europe) (25/04/2023)

The Spain-based startup EIT Health Catapult received €2.5m from the European Innovation Council (EIC), after taking part in the EIT Health Catapult accelerator programme in 2022.

Large EU funding gives Hybrid Lidar Systems hope for a breakthrough (Hildesheimer Allgemeine Zeitung | Germany) (13/04/2023)

A total of 32 companies were selected for funding from the European Innovation Council (EIC Accelerator), including Hybrid Lidar Systems as one of two successful companies from Germany. It is not yet clear when exactly the funding will flow. The EU has been criticized because it currently takes a very long time from the funding commitment to the payment. Those responsible at the EIC have now acknowledged the problems and want to catch up on the backlog by next year.

The dead leaves of Releaf Paper come back to life in Düsseldorf (L'Usine nouvelle | France) (19/04/2023)

In May 2022, Google injected $100,000 under the Ukrainian start-up support fund. Seizure of a project valued at 3.5 million euros, the European Union in turn contributes up to 2.5 million through the European Innovation Council (EIC) Accelerator 2022.

An experimental cancer trial in France is getting a boost from the Gates Foundation: ‘Potential game-changer’ (Fortune.com | United States) (17/04/2023)

Last month, Smart Immune announced it was chosen by the European Innovation Council (EIC) to receive funding to “accelerate the development of ProTcell to treat life-threatening cancers and infection.” A €2.5 million grant from the EIC Accelerator Fund will support the firm’s ongoing Phase I/II clinical trials, while an equity investment commitment of up to €15 million will go toward application development and bioproduction scale-up.

The role of the EIC Accelerator in advancing healthcare startups (El Mundo Financiero | Spain) (18/04/2023)

The first results of the Accelerator program of the European Innovation Council for 2023 are already available and confirm an interesting trend: almost 50% of the companies financed and 62% of the total allocated budget are focused on healthcare innovations. This shows the interest of this financing program to promote innovation in the health sector.

Vaultree: Building the future of cybersecurity with encryption tech (Silicon Republic | Ireland) (17/04/2023)

The high-potential cybersecurity start-up Vaultree was also selected for the European Innovation Council accelerator following a “highly competitive” selection process that saw more than 1,000 companies apply and only 78 make the cut.

A leap in electric aviation: Maeve Aerospace unveils design for aircraft that carries 54 passengers (Innovation Origins | Europe) (17/04/2023)

The European Investment Fund European Innovation Council (EIC) has granted Maeve Aerospace €17.5 million, with €2.5 million in direct funding and potential co-investments of €15 million.

Sheet Music Startup Enote Raises 10 Million Euros for App Development (Goodereader.com) (17/04/2023)

Popular music technology startup Enote has raised 10 million Euros for their app development. Enote fundraising was exclusively done under Dieter von Holzbrink Ventures from DvH Ventures, EU’s European Innovation Council (EIC Fund), and Rudolf Fuchs Family Office.

Public subsidies: good practices for accessing them (Les Echos Business | France) (25/04/2023)

On the path to entrepreneurship, public aid is abound. Testimonials from those who have succeeded. Nicolas Heuzé, co-founder of Sweetch Energy, talking about EIC.

European Union appeals for interdisciplinary collaboration in new funding model (Nature | UK) (13/04/2023)

The pursuit of a more sustainable, cost-efficient way to generate hydrogen was chosen in 2021 to be one of the first focuses of the European Union’s European Innovation Council (EIC) Pathfinder Challenge. Includes remarks from Antonio Pantaleo, an energy systems and green technology programme manager at the EIC.

Sphere Fluidics begins work with partners on 3DSecret program to investigate mechanisms of metastasis in cancer (News-Medical.net) (24/04/2023)

Sphere Fluidics, a company developing single-cell analysis systems underpinned by its patented picodroplet technology, today announced its involvement in 3DSecret, a four-year research project funded through the European Innovation Council’s (EIC) Pathfinder Open 2022, established under Horizon Europe, the EU’s key funding program for research and innovation.

A New European-Funded Project to Revolutionize Bioprinting of Living Materials (Publicnow.com) (19/04/2023)

To bolster the field, the European Innovation Council has established a fund dedicated to Engineered Living Materials projects. In this context, the PRISM-LT project received a €2.3 million grant for a five-year program that aims to create an adaptable platform for 3D bioprinting of living tissue with dynamic functionalities and predictable shapes.

Researchers want to prevent cardiovascular accidents with prostheses (Noticiasaominuto | Portugal) (17/04/2023)

Researchers from the Institute of Research and Innovation of the University of Porto (i3S) are leading a project that aims to develop "smart prostheses" capable of sending alerts and preventing cardiovascular accidents. The project has received funding of around three million euros from the European Innovation Council (EIC) Pathfinder Challenge under the Horizon Europe programme.

14/04/2023

EIC Media Review - 14/04/2023

Commission appoints Michiel Scheffer as president of European Innovation Council board (Science Business | Europe) (29/03/2023)

The European Commission has appointed Michiel Scheffer as president of the European Innovation Council (EIC) board, as the EU scale-up fund continues to experience delays in getting its funding instruments fully operational.

40% of companies in first 2023 EIC Accelerator are female led (Tech.eu | Europe) (29/03/2023)

The European Innovation Council has announced 32 companies have been selected to receive European Innovation Council (EIC) funding in equity and grant funding of which 40% percent have a female CEO, CTO or CSO.

Founders had to wait ‘far too long’ for EIC Fund cash, admits chair (Sifted | Europe) (11/04/2023)

Europe’s most active deeptech investor, the European Innovation Council (EIC) Fund, kept founders waiting “far too long for money” but is now on track to clear its backlog by the end of the year, the EIC’s outgoing chair says.

Investors predict Europe's next unicorns at Tech Tour Growth (Tech.eu | Europe) (06/04/2023)

The European Innovation Council (EIC) is pivotal to the event, playing a significant role in achieving the EU’s deep tech innovation ambitions. It comes with a budget of over EUR 10 billion under the EU Horizon Europe programme and a mission to identify, support and scale up deep tech innovation.

Bulgaria to grant 60 mln euro to back innovative MSMEs (SeeNews | Bulgaria) (10/04/2023)

Bulgaria will allocate EU-backed funding of 118.5 million levs ($66.1 million/60.6 million euro) to support growth at local micro, small and medium-sized enterprises (MSMEs) developing high-risk emerging technologies, products and services, the innovation and growth ministry said.

European Innovation Council Info Day in Cyprus (Cyprus Mail | Cyprus) (12/04/2023)

The Research and Innovation Foundation (Idek) recently organised a two-day information day aimed at highlighting the funding opportunities offered by the European Innovation Council through the Framework Programme for Research and Innovation of the European Commission, known as “Horizon Europe”.

Czech-based start-up network looks across borders to grow a transnational innovation ecosystem (Science Business | Europe) (29/03/2023)

A start-up network connecting three border regions in Czechia, Poland and Slovakia is hoping that its bottom-up approach can help a local - yet transnational - innovation ecosystem to thrive.

HANNOVER MESSE features over 300 startups (Process and Control Today | United Kingdom) (05/04/2023)

More than 300 startups at HANNOVER MESSE highlight their diversity and innovative strengths. Featuring remarks by Stephane Ouaki, Head of the European Innovation Council and SMEs Executive Agency.

1st edition of the European Prize for Humanitarian Innovation is open to nominations (Science Business | Europe) (28/03/2023)

The prize will be awarded to organisations and companies that are developing technology to deliver better quality humanitarian assistance to vulnerable people affected by crises and natural hazards.

European Capital of Innovation Awards: 2023 edition kicks off (Publicnow.com) (29/03/2023)

The Commission launched the ninth edition of the European Capital of Innovation Awards (iCapital). The prize is awarded to European cities that are front-runners of innovations that benefit their citizens.

The Ecosystem: business schools unite across borders to address Europe’s scale-up gap (Science Business | Europe) (04/04/2023)

Europe has a scale-up problem, with too many promising start-ups failing to grow and realise their full potential. EU policy has recently mobilised to address this gap, and other players are now responding by internationalising their efforts.

Over 230 million euros were won by the finalists of Wolves Summit over 5 years - Another meeting in May (Wroclaw | Poland) (04/04/2023)

The Summit will take place from 23 to 25 May and will host representatives of Invest Hong Kong, Google, European Innovation Council, European Innovation Fund, Microsoft and SODA.

EIC Board wants to facilitate use of its Accelerator platform (Agence Europe | Europe) (06/04/2023)

In a statement issued on Wednesday 5 April, the European Innovation Council (EIC) Board of Directors welcomed the intention of the European Commission and EISMEA to improve the platform for applicants for European support under the EIC Accelerator to submit their business plans.

EIC selects 32 European startups for its Accelerator programme; 7 are from the Netherlands (Silicon Canals | Europe) (29/03/2023)

On Wednesday, the European Innovation Council (EIC) announced the selection of a new set of 32 companies to receive funding under the EIC Accelerator programme.

Ireland ranks second in EU accelerator winning €22.4m (Silicon Republic | Ireland) (30/03/2023)

Three Irish companies will receive a total of €22.4m in funding after being chosen by a competitive EU accelerator programme. Versono Medical, Nemysis Ltd and Technology From Ideas Ltd were among the successful companies, with only 32 funding awards granted out of 476 submitted applications.

Deep Render renders even deeper with a fresh $9 million (Tech.eu | Europe) (29/03/2023)

Angling to get out of the lab and into the market, Deep Render’s new streaming capital arrives via a Series A round led by IP Group and Pentech Ventures to the tune of $6.3 million, and a grant from the European Innovation Council at $2.7 million.

Smart Immune receives €2.5m grant and €15m equity investment commitment from the European Innovation Council (EIC) via the EIC Accelerator (Globenewswire.com) (30/03/2023)

Smart Immune SAS announced today that it has been selected by the European Innovation Council (EIC) to receive funding of €17.5 million to accelerate the development of ProTcell to treat life-threatening cancers and infection.

DORUCON secures 2.5 million euros in EIC Accelerator for Avelios Medical (Pressebox | Germany) (30/03/2023)

With the help of the management consultancy DORUCON - DR. RUPP CONSULTING GmbH, Avelios Medical GmbH has succeeded in asserting itself in the highly competitive European funding program for groundbreaking innovations, the EIC Accelerator now the company is receiving funding of 2.5 million euros from Brussels.

Vaultree Achieves Google Cloud Ready - AlloyDB Designation (Businesswire.com) (29/03/2023)

Vaultree, the Data-In-Use Encryption leader, today announced that it has successfully achieved Google Cloud Ready. This milestone follows Vaultree's successful $12.8 million series A funding round, selection as the only Irish recipient of the European Innovation Council (EIC) grant and the appointment of renowned tech industry veteran Rinki Sethi to its executive board of directors.

Finland’s CurifyLabs awarded €2.5 million from European Innovation Council (Tech.eu | Europe) (03/04/2023)

The funding from the European Innovation Council (EIC) Accelerator programme will further CurifyLabs' MiniLab technology which allows pharmacies compound drugs in-house.

Samplix Garners €10M in Funding From European Innovation Council (Genomeweb.com) (30/03/2023)

Danish biotechnology firm Samplix said on Thursday that it has been awarded a €2.5 million ($2.7 million) grant, as well as a €7.5 million equity investment, from the European Innovation Council to support the development of its microfluidics platform.

Thuringian technology soon at airports worldwide? Jena start-up develops fingerprint scanners (BILD | Germany) (27/03/2023)

The start-up "IDloop" from Jena, founded in 2021, has developed the contactless fingerprint scanner. The EU has recognized this potential and is funding the further development of the "IDloop" invention until it is ready for the market with 10 million euros from the pot of the European Innovation Council (EIC).

VorteX-io secures €2.5 million to create Europe's first flood and drought forecasting service (La Tribune | France) (06/04/2023)

The Toulouse startup VorteX-io has just won a European grant of 2.5 million euros which will soon be supplemented by a fundraising of one million to set up 3,000 microstations on rivers over the next three years.

28 million invested in startups in March (Repubblica.it | Italy) (31/03/2023)

Newronika, an innovative SME active in the development of systems for brain stimulation, has signed a 2.5 million euro grant agreement with the European Innovation Council (EIC) Accelerator.

268.3 million euros raised this week by French startups (MaddyMoney | France) (31/03/2023)

Smart Immune receives a grant of 2.5 million euros as well as a capital investment commitment of 15 million euros from the European Innovation Council (EIC), via the EIC Accelerator.

Herantis Pharma has signed European Innovation Council (EIC) Accelerator grant agreement (Publicnow.com) (12/04/2023)

Herantis will receive €2.5 million grant funding and is eligible for up to €15 million in direct equity investments from the EIC Fund.

AcouSort AB - Annual Report 2022 (Publicnow.com) (28/03/2023)

“On the innovation side, we received a large grant from the European Innovation Council (EIC) to develop enabling technology for exosome-based diagnostics, a field with great potential for AcouSort.”

44 high-risk, cutting-edge research projects will receive €167 million in EU funding (Agence Europe | Europe) (04/04/2023)

The European Commission announced, on Monday 3 April, that 44 projects had been selected in the framework of the European Innovation Council (EIC) “Pathfinder Challenges” 2022 call.

European Innovation Council Awards Grant for Brain-Computer Interface Tech (Odtmag.com) (27/03/2023)

Under the EIC Pathfinder funding program, the Council bestowed a €3.7 million grant to ONWARD and its research partners, including EPFL and CEA-Clinatec.

Semiconductors: SiPearl, the rising French start-up (Les Echos | France) (05/04/2023)

The French SiPearl has announced that it has raised €90m in a successful Series A funding round. This envelope includes a pocket of convertible bonds of up to €25 million provided by the European Investment Bank, as well as the €15 million granted by the European Innovation Council (EIC) last July.

Ireland’s Bluedrop Medical raises €10.5 million investment creating 25 new jobs this year (Tech.eu | Europe) (31/03/2023)

The round was co-led by Atlantic Bridge and Elkstone, and includes the European Innovation Council Fund, Furthr VC, Western Development Commission, Ascentifi, and HBAN’s MedTech and Irrus Investments syndicates.

Eight digit total for Berlin Startup Enote (Businessinsider | Germany) (05/04/2023)

The investors betting on the Berlin startup Enote include Dieter von Holtzbrinck Ventures (DvH Ventures), the fund of the European Innovation Council (EIC-Fonds) and the Family Office Rudolf Fuchs. The European Innovation Council (EIC) already supported Enote with a two million euro grant at the end of 2021.

GrayMatters Health Receives Investment from European Innovation Council EIC Fund (Mental Health Weekly Digest) (03/04/2023)

GrayMatters Health (GMH) announced that the European Innovation Council (EIC) Fund, following the September 2022 grant from EIC of two and a half million euros, has expanded its involvement in the company and is now investing in GMH, with the European Investment Bank (EIB) acting as the investment advisor to the EIC Fund.

CrayoNano AS: Contemplated private placement of approximately NOK 100 – 150 million (Marketscreener.com) (04/04/2023)

CrayoNano has entered into a term sheet with the European Innovation Council ("EIC") Fund where they have pre-committed to subscribe for Offer Shares for an amount of up to the NOK equivalent of EUR 5 million at the subscription price per Offer Share in the Private Placement (the "Offer Price") subject to certain terms and conditions being fulfilled.

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