EIC selects 51 European startups for Accelerator programme; 8 are from the Netherlands

Picture credit: Thirona

The European Innovation Council (EIC) introduced the choice of 51 corporations to obtain funding (combining fairness and grant) underneath the EIC Accelerator programme. 

The businesses had been chosen in a extremely aggressive course of through which 139 corporations had been interviewed by juries of skilled traders and entrepreneurs. This was out of 551 full proposals submitted. 

The 51 chosen corporations will obtain near €260M in a mix of grants and fairness investments, with the fairness investments being made by way of the EIC Fund. 

The chosen corporations have a geographical unfold spanning 17 nations, together with three widening nations. 

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EIC says that just about 30 per cent (15 of the 51 corporations) have a feminine CEO, CTO (Chief Know-how Officer) or CSO (Chief Scientific Officer).

The European Innovation Council (EIC) additionally introduced that almost all corporations making use of for grant financing will obtain their funds inside the subsequent two to a few months whereas funding selections will probably be made inside two months. 

Seal of Excellence

88 functions, which efficiently met all the standards on the distant analysis stage and had been assessed positively by the EIC jury however not beneficial for funding, will probably be awarded a Seal of Excellence. 

EIC says this initiative will help these promising tasks in securing different funding sources, together with Restoration and Resilience Funds and European Regional Improvement Funds. 

EIC Accelerator

The EIC Accelerator programme helps particular person Small and Medium Enterprises (SMEs), significantly startups and spin-out corporations, to develop and scale ground-breaking improvements. 

The programme presents startups and SMEs grants of as much as €2.5M mixed with fairness investments by way of the EIC Fund starting from €0.5M to €15M. 

Along with monetary help, all tasks profit from Enterprise Acceleration Companies. These providers present entry to main experience, corporates, traders and ecosystem actors.

“Firms can submit their concepts to the EIC Accelerator at any time, that are evaluated inside roughly 4 weeks. For concepts assembly the EIC standards for excellence, affect and risk-level, corporations are invited to organize full functions to undergo one of many common closing dates,” says EIC. 

The subsequent cut-off for EIC Accelerator full proposals is October 4, 2023.

8 corporations from the Netherlands have been chosen for the accelerator programme. 

In response to the Netherlands Enterprise Company (RVO), the eight successful Dutch startups will increase €37M (€19M in subsidies and €18M in investments) in funding within the second spherical of 2023 of the European Innovation Council (EIC) Accelerator programme. 

“Which means the Netherlands has the biggest variety of winners in Europe,” says RVO. 

The successful startups from the Netherlands are:

GeNEWity 

HQ: Leiden

Beneficial finance sort: Grant First

GeNEWity develops groundbreaking remedy for the restoration of the thymus (also called the thymus, an organ, ed.) and thus the adaptive immune system (that a part of the immune system that reacts after contact with a pathogen).

Magneto 

HQ: Delft

Beneficial finance sort: Grant First

Magneto‘s know-how presents an alternative choice to producers of home equipment for cooling and heating in addition to waste warmth to energy conversion. 

The Dutch firm says its different has zero greenhouse fuel emissions, saves as much as 30 per cent of energy consumption to their shoppers and has decrease value of possession.

Morphotonics

HQ: Veldhoven

Beneficial finance sort: Grant First

Morphotonics is creating know-how to scale up waveguide manufacturing for Augmented Actuality (AR). The corporate’s creation was impressed by the Morpho butterfly’s nanotextured wings and light-weight science.

Mu-G Data Administration BV

HQ: Delft

Beneficial finance sort: Blended Finance

PATS allows greenhouse farmers to considerably scale back and remove flying insect pest populations. 

To fight pests, the corporate makes use of sound, gentle, and drones. These ‘fighters’ may also be utilized in orchards.  

Orange Quantum Techniques

HQ: Den Bosch

Beneficial finance sort: Grant First

Orange Quantum Techniques delivers diagnostic techniques to create higher quantum chips. The corporate’s platform makes it attainable to check a number of quantum chips concurrently and quicker.

Pamgene

HQ: Den Bosch

Beneficial finance sort: Blended Finance

Pamgene has developed new biomarker assays for personalised most cancers therapy.

Stentit 

HQ: Eindhoven

Beneficial finance sort: Blended Finance

Stentit has developed a stent of soluble nanofibers for the pure restore of blood vessels. 

Thirona 

HQ: Nijmegen

Beneficial finance sort: Grant First

Thirona is creating AI software program that analyses and quantifies CT scans, serving to pulmonologists decide the optimum therapy for his or her sufferers.