The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.
dotLumen is a research startup that uses AI, robotics, and neuroscience to empower the blind. dotLumen was founded in 2020 and is headquartered in Cluj, Romania.
Hideez
Grant in 2024
Hideez is a cybersecurity startup that specializes in providing solutions for both physical and logical access. With offices in the USA and Ukraine, the company has developed the Hideez Key, a hybrid device designed for wireless authentication and password management. This innovative solution integrates RFID door credentials and digital signatures, utilizing encrypted Bluetooth, RFID, and NFC technologies. Hideez Key offers a versatile approach to authentication, enabling users to manage and replace credentials remotely. Its proprietary encryption protocols are platform agnostic and are designed to enhance existing solutions in the market. Overall, Hideez aims to simplify identity and access management while ensuring the security of digital assets.
.Lumen
Venture Round in 2024
dotLumen is a research startup that uses AI, robotics, and neuroscience to empower the blind. dotLumen was founded in 2020 and is headquartered in Cluj, Romania.
Naco
Grant in 2023
Naco Technologies Ltd specializes in the development, manufacturing, and supply of advanced nano coating technologies to a global clientele. Founded in 2009 and based in Riga, Latvia, the company offers a variety of high-performance coatings, including oil-enhanced, wear-protective, thermal barrier, and liquid-repellent solutions tailored for industries such as tooling, automotive, aerospace, and micro-chip production. In recent years, Naco has focused on supporting the hydrogen sector by building a manufacturing facility that provides ready-to-use coated parts for hydrogen production systems. By developing multilayer and multicomponent coatings specifically for green hydrogen applications like electrolyzers and fuel cells, Naco aims to enhance the reliability of these systems while minimizing the need for costly and scarce materials. In 2015, Naco was acquired by the Schaeffler Group, a Germany-based company.
Nanordica Medical
Grant in 2022
Nanordica Medical is an Estonian medical technology company providing the first-line treatment for chronic wounds based on unique patented nanotechnology, a synergy of copper and silver in nanofibers that remove infection and support wound healing. Nanordica Medical launched a veterinary product Ravimus Vet for animal wounds (https://nanordica.com/ravimus.html) and is developing a first-in-class wound dressing for human hard-to-heal wounds like diabetic foot ulcers. They recently completed a clinical trial showing consistently better results in nearly all efficacy parameters observed among the patients treated with the Nanordica wound dressing than those treated with the commercially available silver ions-based active dressing.
Camino Science
Grant in 2022
Camino Science is a biotechnology company based in Bialystok, Poland, that specializes in molecular biology research. The company develops innovative biotech tools and utilizes artificial intelligence to enhance scientific inquiry and understanding. By integrating advanced technology with biological research, Camino Science aims to contribute to advancements in the field and support the scientific community in its endeavors.
Codasip
Grant in 2022
Codasip Ltd. is a processor technology company based in Brno, Czech Republic, specializing in application-specific instruction set processors (ASIPs) and electronic design automation (EDA) tools. Founded in 2006, Codasip provides a range of customizable processor intellectual property (IP) solutions, including its Codix platform and RISC-V architecture, which enable system-on-chip developers to enhance their product offerings. The company’s design automation tools and open architecture licensing model facilitate the creation of tailored computing solutions, allowing clients to differentiate their products in a competitive market. Codasip serves a diverse global clientele, including notable companies such as AMD and Mobileye, and has established strategic partnerships with various technology firms. With billions of devices already utilizing its technology, Codasip is positioned as a significant player in the evolving landscape of processor innovation.
Ecopolplast
Grant in 2022
Ecopolplast is a manufacturing company that innovates in the utilization of recycled materials. The company was founded in 2018 and is based in Poland.
.Lumen
Grant in 2021
dotLumen is a research startup that uses AI, robotics, and neuroscience to empower the blind. dotLumen was founded in 2020 and is headquartered in Cluj, Romania.
Ligence
Venture Round in 2021
Ligence is a Deep Tech startup based in Lithuania, specializing in healthcare solutions developed by a team of medical doctors proficient in artificial intelligence. The company focuses on automating heart ultrasound image analysis through its flagship product, Ligence Heart. This technology employs deep learning algorithms to accurately recognize various heart image views and perform essential measurements automatically. By streamlining the analysis process, Ligence Heart allows physicians to bypass manual measurements, enabling cardiologists and sonographers to enhance efficiency and significantly reduce analysis time, thereby allowing them to concentrate more on patient care and treatment.
.Lumen
Venture Round in 2021
dotLumen is a research startup that uses AI, robotics, and neuroscience to empower the blind. dotLumen was founded in 2020 and is headquartered in Cluj, Romania.
SVELTE
Venture Round in 2020
SVELTE is a Romanian company based in Brasov that develops and manufactures industrial machines for producing intricate precast foamwork and topologically optimized construction elements. Their innovative solutions facilitate the creation of freeform architectural surfaces, allowing for faster production compared to traditional methods. The company's framework serves as molds for casting concrete panels and can be coated with various materials to create double-curved facade panels. Additionally, these frameworks can be incorporated into construction surfaces that do not serve a structural function, providing constructors with efficient and sustainable options for freeform designs in construction and architecture.
NanoAvionics
Grant in 2019
NanoAvionics is a manufacturer and integrator of small satellite bus systems, with operations in the US, UK, and Lithuania. The company specializes in providing end-to-end small satellite solutions tailored for both single missions and larger constellations. Its offerings include a commercial-grade satellite platform that integrates essential components such as flight computers, attitude determination and control systems (ADCS), communication subsystems, and propulsion systems based on non-toxic mono-propellants. This modular approach not only enhances the functionality of small satellites but also optimizes hardware, launch, and operational costs. With a core engineering team that boasts over 85 successful satellite missions and projects, NanoAvionics aims to deliver economic viability for a diverse range of satellite missions across various sectors globally.
Rubedo Sistemos
Grant in 2017
Rubedo Sistemos (a.k.a. Rubedos®), a Lithuania-based pioneer company of mobile robotics solutions, develops 3D visual perception and navigation technology for free ranging vision guided robotics applications in various industries, including manufacturing, material handling, and healthcare. The company is well regarded for its FDA-compliant robotic precise tumor targeting solution designed exclusively for an image guided radiation therapy product of Elekta, a medical device manufacturer listed on NASDAQ OMX NORDIC.
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