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 Lithuania

AISPECO

Grant in 2024
AISPECO is a Lithuanian company that specializes in geospatial monitoring systems for various types of vehicles, including helicopters, planes, unmanned aerial vehicles (UAVs), and terrestrial vehicles. The company develops aerial inspection systems specifically designed for conducting powerline surveys using helicopters and drones. Its platform is capable of capturing multiple types of imagery, such as optical, infrared, corona, and hyperspectral, which enhances the efficiency and effectiveness of infrastructure inspections. By focusing on advanced imaging technology, AISPECO enables clients to perform inspections with greater endurance and scalability in their operations.

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.

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. RubedosĀ®), 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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