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.
Agurotech develops soil sensing technology. They offer products that include robust and highly reliable sensing technology, tailored irrigation recommendations, and continuous improvement of the irrigation process.
Odd.Bot
Seed Round in 2022
Odd.Bot develops autonomous farming robots that eliminate weeds without chemicals, promoting environmentally friendly agriculture. The Maverick robot by Odd.Bot is designed to work directly in the soil, effectively managing weeds in crops like carrots and onions. The robot operates around the clock, effectively identifying and eliminating weeds in thick, valuable crops without the use of harmful chemicals.
Elicit Plant
Funding Round in 2022
Elicit Plant is an agro-biotech company focused on enhancing the resilience of crops to water stress and developing phytosterol-based solutions. By leveraging proprietary technology, Elicit Plant aims to address the challenges posed by climate change on agriculture. The company’s products are designed to improve plant stress resistance and activate natural defenses, which has been validated through extensive field trials across three continents. These trials demonstrate that Elicit Plant's biosolutions provide farmers with consistent and significant returns on investment, positioning the company as a leader in the ecological transition within the agricultural sector.
Brite Solar
Venture Round in 2022
Brite Solar is a nanomaterials company utilizing innovative materials and deposition techniques to deliver a new class of glass materials for building construction. Mankind's future may very well depend on how we manage food production, energy, water and land use. Solar energy production can be a key factor in this balancing act but the land demand is very high. Hydroponic greenhouse agriculture can be a great asset, but its energy requirements are high. The ideal answer is a self-sufficient and sustainable greenhouse technology which eliminates the need for external energy sources. Brite Solar is a nano-materials company that has developed a transparent solar glass technology based on Die Sensitized Solar Cells (DSSC) . The first target market is greenhouse solar glass, which enables the greenhouse to generate electricity needed for sustaining the internal environment. Using this solar glass, the greenhouse's carbon footprint is significantly reduced as its reliance on externally generated electricity is significantly reduced or eliminated. This is a great value proposition for the greenhouse operator since it reduces the operating cost for the greenhouse by 28% which is currently the cost attributed to energy. Brite's technology is based on nano-materials which are ink-jet printed on to glass panels, eliminating the expensive and complex production facilities needed to produce traditional solar panels. Variations of the technology will also be used to produce auto-dimming glass as well as architectural glass for building construction.
Vatorex
Convertible Note in 2022
Vatorex AG, founded in 2016 and based in Winterthur, Switzerland, specializes in developing electronic solutions for beekeeping, specifically targeting the varroa mite, a significant threat to honey bee health. The company offers a range of products, including the Varroa Solution, a heat treatment system that effectively eliminates varroa mites while preserving the bees. Additionally, Vatorex provides the Full Hive Kit, which enables real-time monitoring and data collection for hive management, and the Hive Manager mobile application, designed for organizing hive-related information. By focusing on hyperthermic treatment that exploits the different temperature tolerances of bees and mites, Vatorex aims to enhance the health and sustainability of bee populations. The company markets its innovative solutions online, contributing to modern beekeeping practices.
Odd.Bot
Grant in 2022
Odd.Bot develops autonomous farming robots that eliminate weeds without chemicals, promoting environmentally friendly agriculture. The Maverick robot by Odd.Bot is designed to work directly in the soil, effectively managing weeds in crops like carrots and onions. The robot operates around the clock, effectively identifying and eliminating weeds in thick, valuable crops without the use of harmful chemicals.
Quanturi Oy
Venture Round in 2022
Quanturi Oy is a Finnish company founded in 2016 and headquartered in Espoo, specializing in continuous monitoring solutions for fermentable products. The company develops and markets connected objects and systems for data analysis, focusing on agricultural, forestry, and waste management sectors. Its product offerings include wireless monitoring systems for compost temperature, grain management, hay monitoring, and other industrial temperature applications. Quanturi Oy also sells its products online and has expanded its presence to several countries, including France, Great Britain, the Netherlands, Switzerland, Italy, and Belgium.
Quanturi Oy
Grant in 2022
Quanturi Oy is a Finnish company founded in 2016 and headquartered in Espoo, specializing in continuous monitoring solutions for fermentable products. The company develops and markets connected objects and systems for data analysis, focusing on agricultural, forestry, and waste management sectors. Its product offerings include wireless monitoring systems for compost temperature, grain management, hay monitoring, and other industrial temperature applications. Quanturi Oy also sells its products online and has expanded its presence to several countries, including France, Great Britain, the Netherlands, Switzerland, Italy, and Belgium.
BIOWEG
Grant in 2021
Bioweg, founded in Germany in 2019, is a purpose-driven company that addresses business challenges through innovative biotechnology. By integrating biotechnology, materials science, and molecular simulation learning, Bioweg develops and offers advanced sustainable, bio-based high-performance ingredients tailored for business-to-business applications. Their products are entirely animal-free, sustainably manufactured using green chemistry, and designed to meet the needs of industries such as cosmetics, personal care, agricultural technology, and food and beverage. The company employs a zero-waste circular process, utilizing food industry waste as feedstock to create bio-based microbeads, rheology modifiers, and hydrocolloids that are free of microplastics and compliant with current ECHA regulations. Through strategic partnerships with forward-thinking brands, Bioweg aims to promote sustainability and innovation in product development.
FibriTech
Non Equity Assistance in 2021
FibriTech develops a technology for the production of 3D fibre network materials. They offer services that include agritech, packaging, filters, insulators, ecomaterials, fibritech, hydroponics, fibres, and biocomposites.
Computomics
Venture Round in 2021
Computomics GmbH is a bioinformatics company based in Tübingen, Germany, specializing in molecular data analysis for crop biotechnology and agricultural research. Founded in 2012, the company offers a range of services, including the analysis of large, polyploid plant genomes, transcriptome studies, differential gene expression, and functional genome annotation. It also provides reference-free genotyping, DNA methylation analysis, and metagenomic analysis. By applying advanced machine learning models to biological data, Computomics helps researchers accelerate genetic gains and make informed decisions in over 190 projects. The company's goal is to support sustainable agricultural development, enabling clients in agriculture, biotechnology, microbiome research, and metabolomics to derive actionable insights from their genomic data.
CageEye
Grant in 2021
CageEye is an agricultural technology company specializing in hydroacoustic monitoring tools designed for the aquaculture industry. With over a decade of experience, CageEye focuses on providing advanced instrumentation and analysis tools that offer real-time and historical data on fish feeding behavior, specifically targeting salmon farming. By leveraging hydroacoustic technology, the company enables farmers to optimize seafood production sustainably, enhancing fish welfare and reducing feed waste. Their comprehensive approach combines technology, scientific data, and expert insights to create healthy environments for aquatic species, ultimately leading to improved growth and responsible seafood production practices.
DigiFarm
Grant in 2021
DigiFarm is an ag-tech startup based in Hamar, Norway, founded in 2019. The company specializes in developing artificial intelligence and machine learning solutions tailored to the needs of Norwegian farmers, with a focus on optimizing grain production. DigiFarm's platform utilizes deep neural network models informed by high-resolution Sentinel-2 imagery, providing farmers with a crop classification model that integrates extensive yield data and statistical analyses. This comprehensive approach allows farmers to monitor crop growth effectively and make informed, data-driven decisions to enhance their agricultural practices.
Aviwell
Seed Round in 2021
Aviwell’s mission is to develop healthy, native, natural, and sustainable solutions to improve animal health and growth to better nourish the planet ... At a fraction of the cost.
Seqana
Grant in 2021
Seqana is a developer of satellite-based software that provides monitoring solutions for soil organic carbon, aimed at combating climate change. The company offers a platform that enables project developers and agri-food corporations to accurately measure and understand soil carbon sequestration in a cost-effective and efficient manner. By utilizing remote sensing technology, Seqana delivers actionable insights into soil health, benefiting a diverse range of clients, including farmers, NGOs, and large corporations. This innovative approach supports the adoption of carbon sequestration practices, contributing to environmental sustainability on a global scale.
Vatorex
Grant in 2020
Vatorex AG, founded in 2016 and based in Winterthur, Switzerland, specializes in developing electronic solutions for beekeeping, specifically targeting the varroa mite, a significant threat to honey bee health. The company offers a range of products, including the Varroa Solution, a heat treatment system that effectively eliminates varroa mites while preserving the bees. Additionally, Vatorex provides the Full Hive Kit, which enables real-time monitoring and data collection for hive management, and the Hive Manager mobile application, designed for organizing hive-related information. By focusing on hyperthermic treatment that exploits the different temperature tolerances of bees and mites, Vatorex aims to enhance the health and sustainability of bee populations. The company markets its innovative solutions online, contributing to modern beekeeping practices.
Cascade
Venture Round in 2020
Cascade offers tools for the agricultural industry that boost agronomic crop yields and sustainable agriculture. The business provides methods to alter the light spectrum for better materials and food quality in greenhouses.
Cascade
Grant in 2020
Cascade offers tools for the agricultural industry that boost agronomic crop yields and sustainable agriculture. The business provides methods to alter the light spectrum for better materials and food quality in greenhouses.
Vatorex
Venture Round in 2020
Vatorex AG, founded in 2016 and based in Winterthur, Switzerland, specializes in developing electronic solutions for beekeeping, specifically targeting the varroa mite, a significant threat to honey bee health. The company offers a range of products, including the Varroa Solution, a heat treatment system that effectively eliminates varroa mites while preserving the bees. Additionally, Vatorex provides the Full Hive Kit, which enables real-time monitoring and data collection for hive management, and the Hive Manager mobile application, designed for organizing hive-related information. By focusing on hyperthermic treatment that exploits the different temperature tolerances of bees and mites, Vatorex aims to enhance the health and sustainability of bee populations. The company markets its innovative solutions online, contributing to modern beekeeping practices.
Biome Makers
Grant in 2020
Biome Makers is a biotech company born in Silicon Valley specialized in the identification and understanding of the microbiome. They use DNA Sequencing technologies and proprietary Intelligent Computing systems to ease detailed information and recommendations that allow customers improve their agricultural production and the quality of their products.
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