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The Irish company, developing cutting-edge technology to help cure cancers, has secured a significant new Series C round of approximately €18 million, bringing the total equity funding to around €37 million. The capital was led by existing shareholders, including Seamus Mulligan, an experienced biopharmaceutical executive.
The EIC Fund, which will provide equity from €0.5m to €15m to breakthrough innovation companies selected for EIC Accelerator blended finance support (grant and equity), has become an official entity. This is the first time the European Commission will make such direct equity investments in companies, with ownership stakes expected to be in general from 10% to 25% in start-up companies. The European Investment Bank, as advisors of the EIC Fund on behalf of the European Commission, will manage the ownership stakes of the European Commission.
The idea behind the SMILE project follows the outcomes of an ongoing FET-Open (EIC Pathfinder) project called ChipScope, which focuses on developing the first chip-sized optical microscope with super-resolution capabilities, and semiconductor nanoLED arrays with individual pixel operation. Such highly integrated nanoLED arrays from ChipScope will lead to extreme miniaturization and simplicity for super-resolution microscopy.
Every year millions of tons of plastic waste end up on our streets, in our rivers and covering our forests. A large part of this waste comes from packaging. The plastic bags we use, for only a few minutes, can last as long as 15 to 1,000 years in the environment and, according to a recent study, people could be ingesting or inhaling approximately 5 grams of plastic every week. The Finnish start-up Paptic Ltd, founded in 2015, addresses this environmental challenge with a sustainable alternative to plastic films. Paptic material has all the advantages of plastic - it's versatile, reusable, light-weight, soft, but it's made of renewable raw materials and it’s recyclable.
Within the EIC Business Acceleration Services, the European Commission launched a new open call for tenders for the EIC GHG Programme. This call shall result in a service contract to support beneficiaries in creating and adapting products and services to reduce greenhouse gas emissions. Can you help to build this bridge towards a carbon neutral Europe? Apply here until 21 September 2020!
On 4th March 2021, the "Research Meets Industry" event will bring together the best European researchers and spinoffs working on future technologies in the Energy and Environment field. If you are a company or VC working in Energy, Chemistry, Battery and automotive, this call is for you.
news-ada-health
On July 3rd, Ada Health, one of the EIC beneficiaries, has been distinguished in the "Hottest Health" section, on the Europas - the European Tech Startup Awards and Unconference held in London.
The EIC created a new Story 16 July 2018
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The project MASLOWATEN won the “best pitch” competition at EASME's “Promoting market-ready water innovations – Investors’ café”, an event dedicated to exploitation, investment and market uptake of eco-innovative solutions in water and circular economy. The project is dealing with the market uptake of an innovative irrigation solution based on low water energy consumption.
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The European Innovation Council pilot and Sonae are promoting a networking event for companies working on solutions for a sustainable future for the food business. The event will take place in Lisbon on 21 and 22 November. Applications are open until 30 August.
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The Spanish project ECUVal aims to implement an innovative wastewater treatment system that could solve the problems of textile wastewater, one of the main water consumer industries, which is generating high volumes of wastewater with high levels of coloration and salinity.
The EIC created a new Story 24 July 2018
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The EIC Innovators’ Summit is approaching, have you registered yet? The event is on invitation only and the programme is all the more exclusive for small companies funded by the European Innovation Council pilot! See the highlights of the programme for you to plan your event.
The EIC created a new Story 24 July 2018
Since being awarded the H2020-SME instrument phase 2 grant in 2014, eVision has taken a structured approach to developing, testing, piloting, improving and implementing the various technological innovations required to create its Cumulative Dynamic Barrier Risk system.
On 2017, Heliox has received an order for a further 23 x 450kW Opportunity Charge System and 86 x FAST DC 30kW CCS bus chargers from Connexxion (Transdev), to power the largest single fleet of opportunity charged electric buses in the world.
A total of 65 small and medium-sized enterprises (SMEs) form 16 countries have been selected for funding under the latest round of the SME Instrument. The companies will receive a total amount of €113 million to share between their projects to get their innovations faster on the market.
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Did you know the European Innovation Council pilot’s SME Instrument is joining forces with leading business minds for an exclusive series of workshops to help you grow your company? Have a look at our SME Instrument Academy Workshops.
The EIC created a new Story 2 October 2018
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Two SME Instrument-funded companies make it to the list of 50 hottest fintech companies in Europe. Both companies use blockchain technology to fight financial exclusion.
The EIC created a new Story 3 October 2018
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European Innovaton Council pilot's SME Instrument-funded company, AlgaEnergy, is exploring microalgae’s wide potential. This year, the AlgaEnergy signed a commercial agreement with a fertilizer leader in Spain, to combine efforts on its products and other agricultural bio stimulants. The company also recently opened a subsidiary in Japan.
The EIC created a new Story 8 October 2018
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And it’s a wrap! On 10 and 11 September over 850 top SMEs, investors, corporate representatives, researchers and influencers met to network and exchange knowledge in Berlin.
news-castoredc
European Innovation Council (EIC) pilot's funded company Castor EDC received the Deloitte Fast50 award for being the number 1 fastest growing technology company in the healthcare sector and number 4 overall in the Netherlands.
The EIC created a new Story 17 October 2018
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One of the objectives of the Business Acceleration Services available to companies funded by the EIC pilot is to help bridge the gap between SMEs and big corporates. To this end, the EIC pilot and Solvay promoted a networking and pitching event bringing together 19 innovators working in the fields of advanced composites, material engineering and IT solutions.

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