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 Sweden

Heart Aerospace

Series B in 2024
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Handiscover

Seed Round in 2023
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

Modvion

Convertible Note in 2023
Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics. Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficient transportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.

Ekkono Solutions

Venture Round in 2022
Ekkono Solutions AB, based in Tvååker, Sweden, specializes in machine learning solutions tailored for the Internet of Things (IoT). The company has developed an embedded advanced analytics engine that performs various machine learning techniques directly on connected devices. This technology encompasses the entire workflow, from data input and model training to execution, re-training, and output. Ekkono's solutions are applicable across diverse industries, including energy, telecommunications, automotive, agriculture, healthcare, and housing automation, as well as in consumer IoT applications such as home security systems and smart appliances. By enabling devices to learn their normal operating states, Ekkono's technology facilitates anomaly detection, performance optimization, and predictive maintenance. This edge-based approach allows real-time data processing, minimizing network load by transmitting only relevant information to the cloud. As a result, connected devices become more autonomous and intelligent, enhancing their functionality while reducing dependence on network quality.

Ekkono Solutions

Grant in 2022
Ekkono Solutions AB, based in Tvååker, Sweden, specializes in machine learning solutions tailored for the Internet of Things (IoT). The company has developed an embedded advanced analytics engine that performs various machine learning techniques directly on connected devices. This technology encompasses the entire workflow, from data input and model training to execution, re-training, and output. Ekkono's solutions are applicable across diverse industries, including energy, telecommunications, automotive, agriculture, healthcare, and housing automation, as well as in consumer IoT applications such as home security systems and smart appliances. By enabling devices to learn their normal operating states, Ekkono's technology facilitates anomaly detection, performance optimization, and predictive maintenance. This edge-based approach allows real-time data processing, minimizing network load by transmitting only relevant information to the cloud. As a result, connected devices become more autonomous and intelligent, enhancing their functionality while reducing dependence on network quality.

AcouSort

Grant in 2022
AcouSort is a Swedish company specializing in the development and sale of laboratory products and integrated solutions that utilize ultrasound technology for the separation, washing, and enrichment of biological samples. Its offerings cater to researchers and life science companies, focusing on the automated preparation of samples such as blood cells, bacteria, and extracellular vesicles. The technology is rooted in acoustofluidics research from the esteemed group led by Professor Thomas Laurell at Lund University's Department of Biomedical Engineering. Key products include AcouTrap, AcouWash, and AcouPlasma, which facilitate efficient handling of microscopic particles in microfluidic channels for research and diagnostic applications.

Reliefed Technologies

Venture Round in 2022
Reliefed Technologies AB, based in Varberg, Sweden, specializes in producing 3D printing components for various industries, including transportation, building materials, consumer products, and energy applications. The company has developed a globally patented 3D-production method known as z.trusion®, which allows for 3D mass production on conventional 2D production lines. This innovative technology significantly reduces energy consumption and costs, particularly in the new energy sector, offering up to 97% less energy usage and ten times faster production speeds in the manufacturing of components like bipolar flow plates for fuel cells and electrolyzers. Reliefed Technologies holds 44 patents worldwide, enabling enhanced performance and efficiency in products such as lithium-ion batteries and thermal management systems for electric vehicles. The company collaborates with major multinational original equipment manufacturers (OEMs) and Tier 1 suppliers to implement its technology in industrial settings, driving advancements in energy solutions and sustainable manufacturing practices.

Edvince

Grant in 2021
Edvince AB is a biotechnology company based in Lund, Sweden, founded in 2003. The company specializes in developing innovative treatments aimed at minimizing brain damage caused by strokes. Its therapeutic approach is rooted in the extensive research conducted by Professor Lars Edvinsson. Edvince's focus is on creating a new acute stroke therapy that addresses the underlying factors and symptoms associated with strokes, thereby enhancing patient outcomes and reducing the risk of brain injuries during such medical emergencies.

Heart Aerospace

Series A in 2021
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Handiscover

Seed Round in 2021
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

MedTrace Pharma

Venture Round in 2021
MedTrace Pharma A/S, founded in 2015 and headquartered in Kongens Lyngby, Denmark, specializes in medical technology focused on improving positron emission tomography (PET) imaging. The company has developed an automated system, known as MT-100, which facilitates the bedside production and infusion of radioactive water, specifically 15O-water, into patients during PET scans. This innovative approach enhances the sensitivity of imaging results and significantly increases patient throughput. Complementing the MT-100 system is aQuant, an analytical software platform designed to interpret the PET scan data generated from the use of 15O-water. With additional offices in Boston, Massachusetts, and Uppsala, Sweden, MedTrace Pharma aims to advance clinical practices in diagnostic imaging through its cutting-edge technology.

Gleechi

Venture Round in 2021
Gleechi AB, founded in 2014 and based in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interactions between humans, computers, and robots. The company has created a pioneering software product that allows for real-time hand motion interaction, enhancing user experiences in virtual reality and gaming, as well as enabling advanced interaction capabilities for robotic hands. Gleechi's innovations are rooted in sophisticated computer vision and machine learning algorithms. The company has received notable accolades, including the Super Startup of the Year award from Veckans Affärer and ALMI Invest, the EIT Digital Idea Challenge in Europe, and the Startup of the Year award from STING (Stockholm Innovation & Growth).

NIL Technology ApS

Venture Round in 2021
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

Heart Aerospace

Grant in 2020
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Handiscover

Grant in 2020
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

Modvion

Venture Round in 2020
Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics. Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficient transportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.

Modvion

Grant in 2020
Modvion is a Swedish/ American Engineering and Industrial Design company developing modular designs in renewable engineered wood product materials to simplify and improve construction logistics. Their current area of focus is in wind tower technology. Modvion´s patented module technology enables significantly decreased cost, efficient transportation and streamlined installation of towers exceeding 120 m. Ultimately, this results in increased cost efficiency in the harvesting of wind resources.

MedTrace Pharma

Grant in 2020
MedTrace Pharma A/S, founded in 2015 and headquartered in Kongens Lyngby, Denmark, specializes in medical technology focused on improving positron emission tomography (PET) imaging. The company has developed an automated system, known as MT-100, which facilitates the bedside production and infusion of radioactive water, specifically 15O-water, into patients during PET scans. This innovative approach enhances the sensitivity of imaging results and significantly increases patient throughput. Complementing the MT-100 system is aQuant, an analytical software platform designed to interpret the PET scan data generated from the use of 15O-water. With additional offices in Boston, Massachusetts, and Uppsala, Sweden, MedTrace Pharma aims to advance clinical practices in diagnostic imaging through its cutting-edge technology.

Gleechi

Grant in 2020
Gleechi AB, founded in 2014 and based in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interactions between humans, computers, and robots. The company has created a pioneering software product that allows for real-time hand motion interaction, enhancing user experiences in virtual reality and gaming, as well as enabling advanced interaction capabilities for robotic hands. Gleechi's innovations are rooted in sophisticated computer vision and machine learning algorithms. The company has received notable accolades, including the Super Startup of the Year award from Veckans Affärer and ALMI Invest, the EIT Digital Idea Challenge in Europe, and the Startup of the Year award from STING (Stockholm Innovation & Growth).

NIL Technology ApS

Grant in 2019
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

NIL Technology ApS

Venture Round in 2019
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

Colzyx

Grant in 2019
Colzyx AB is a biotechnology company based in Lund, Sweden, specializing in innovative wound care solutions. Established in 2012, the company focuses on developing bioactive wound dressings that leverage groundbreaking research from the Medical Faculty at Lund University. Colzyx's products utilize the alpha-3 chain from human collagen VI, which has shown remarkable wound healing and antimicrobial properties. By harnessing powerful biological regeneration mechanisms, these dressings not only accelerate the healing process for both active and chronic wounds but also provide protection against a wide range of bacteria, including multidrug-resistant strains. This approach aims to enhance patient outcomes by promoting rapid wound closure and minimizing the risk of bacterial infections.
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