European Innovation Council

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

David Malo Jean

Director

Past deals in Lithuania

AISPECO

Grant in 2024
AISPECO is a Lithuanian company specializing in geospatial monitoring systems for helicopters, planes, UAVs, and terrestrial vehicles.

Ligence

Convertible Note in 2023
Ligence is a Deep Tech startup based in Lithuania that combines medical expertise with artificial intelligence to automate echocardiography image analysis. The company develops tools for automatic recognition of heart image views, measurement, and report generation, accessible via a web-based platform and designed to integrate with hospital information systems. Its flagship solution, Ligence Heart, aims to reduce manual measurements by physicians and enhance consistency in heart ultrasound examinations through automated analysis. The offering targets clinicians and healthcare providers seeking to streamline cardiovascular imaging workflows.

Ligence

Grant in 2022
Ligence is a Deep Tech startup based in Lithuania that combines medical expertise with artificial intelligence to automate echocardiography image analysis. The company develops tools for automatic recognition of heart image views, measurement, and report generation, accessible via a web-based platform and designed to integrate with hospital information systems. Its flagship solution, Ligence Heart, aims to reduce manual measurements by physicians and enhance consistency in heart ultrasound examinations through automated analysis. The offering targets clinicians and healthcare providers seeking to streamline cardiovascular imaging workflows.

Ligence

Venture Round in 2021
Ligence is a Deep Tech startup based in Lithuania that combines medical expertise with artificial intelligence to automate echocardiography image analysis. The company develops tools for automatic recognition of heart image views, measurement, and report generation, accessible via a web-based platform and designed to integrate with hospital information systems. Its flagship solution, Ligence Heart, aims to reduce manual measurements by physicians and enhance consistency in heart ultrasound examinations through automated analysis. The offering targets clinicians and healthcare providers seeking to streamline cardiovascular imaging workflows.

NanoAvionics

Grant in 2019
NanoAvionics is a manufacturer of small satellite bus systems and a mission integrator with operations in the US, UK, and Lithuania. The company specializes in providing comprehensive small satellite solutions, catering to both single missions and larger constellations. Its small satellite platform integrates flight computers, attitude determination and control systems (ADCS), and communication subsystems on a single printed circuit board, along with non-toxic propulsion systems. This design approach allows for the optimization of hardware, launch, and operational costs, making it economically viable for various businesses and organizations to deploy small satellite missions. With a proven track record of over 85 successful satellite missions and commercial projects, NanoAvionics emphasizes modularity in its systems architecture, ensuring adaptability for diverse applications in the commercial space market.

Rubedo Sistemos

Grant in 2017
Rubedo Sistemos, based in Kaunas, Lithuania, specializes in the design and manufacture of self-driving robots and process control solutions for various industrial applications. Founded in 2009, the company develops 3D visual perception and navigation technologies tailored for free-ranging, vision-guided robotics, serving sectors such as manufacturing, material handling, and healthcare. Among its notable offerings is the VIPERTM system, which enhances visual perception for robots and industrial vehicles. Rubedo Sistemos is recognized for its innovative solutions, including a FDA-compliant robotic system specifically designed for precise tumor targeting in image-guided radiation therapy, collaborating with leading medical device manufacturers.
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