European Innovation Council

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.

David Malo Jean

Director

Candace Johnson

President

Past deals in Eastern Europe

.Lumen

Venture Round in 2025
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.

.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.

.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.

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.
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