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 Industrial Engineering

IRUBIS

Convertible Note in 2022
IRUBIS GmbH, founded in 2017 and based in Munich, Germany, specializes in the development of mid-infrared (MIR) spectrometers and attenuated total reflection (ATR) crystals. The company focuses on enhancing Fourier transform infrared (FTIR) spectroscopy to improve the analysis of protein-based drugs. Its innovative measurement systems enable real-time bioreactor monitoring, allowing for the online assessment of glucose and lactate levels without contamination risks. IRUBIS also produces a range of ATR crystals, including single-reflection and signal-enhanced varieties, aimed at advancing industry standards for bioprocess monitoring. The company’s technology supports both upstream and downstream bioprocessing, facilitating metabolite monitoring and the detection of target proteins and contaminants through machine-learning evaluation software.

IRUBIS

Seed Round in 2022
IRUBIS GmbH, founded in 2017 and based in Munich, Germany, specializes in the development of mid-infrared (MIR) spectrometers and attenuated total reflection (ATR) crystals. The company focuses on enhancing Fourier transform infrared (FTIR) spectroscopy to improve the analysis of protein-based drugs. Its innovative measurement systems enable real-time bioreactor monitoring, allowing for the online assessment of glucose and lactate levels without contamination risks. IRUBIS also produces a range of ATR crystals, including single-reflection and signal-enhanced varieties, aimed at advancing industry standards for bioprocess monitoring. The company’s technology supports both upstream and downstream bioprocessing, facilitating metabolite monitoring and the detection of target proteins and contaminants through machine-learning evaluation software.

TM Systems

Grant in 2021
TM Systems is an engineering and manufacturing company specializing in industrial air systems and solutions for process industries.

TM Systems

Venture Round in 2021
TM Systems is an engineering and manufacturing company specializing in industrial air systems and solutions for process industries.

CemGreen

Grant in 2020
CemGreen is dedicated to supporting cement and concrete manufacturers in optimizing the use of clay deposits for cement production. The company offers a specialized solution that tests various raw materials using its proprietary hardware to determine optimal process parameters. This approach not only aims to enhance the profitability of cement production but also significantly reduces greenhouse gas emissions. By partnering with global manufacturers, CemGreen provides essential specifications and, when necessary, equipment to facilitate the implementation of these alternative cement products, thereby contributing to a more sustainable industry.

Otechos Technology Group

Grant in 2020
OTECHOS is a young company (est. 2012) with roots back in industrial engineering and commercialization of new products within the energy – oil & gas industry, machinery and mechanical branches. We follow our innovative and environmentally friendly products from the early stage of idea to their specific markets. The company draws benefits from long experience and from being a small and flexible environment for creativity and knowhow. The founders behind OTECHOS have several technology establishments in their records. All from early stage in year 2000 until today, they founded five technology companies. All have been into mechanical technology / products and machinery. From their first success, the CFT (Coiled Foil Technology) heat exchanger in Pleat AS (www.pleat.no) to the last and most known company, Quickflange AS with its unique cold weld technology for pipe flanges (www.quickflange.com), all which have created a global footprint in the piping industry. Quickflange has received several technology prizes, for instance “Deloitte Technology Fast 500”, “NHO’s Innovation price 2010 (Confederation of Norwegian Enterprises) for innovative technology and business development” and finalist in the “DnB Innovation prize”. From the very first cooperation between the two founders, there always been focus on new technology with a global potential and with IP rights (patented technology). OTECHOS is such a company. The company has now several investors, where the two founders are the major shareholders. The investors, directors of the board and the management are all professionals and have long and wide experience in international business and industry. This will ensure that the rap

Otechos Technology Group

Venture Round in 2020
OTECHOS is a young company (est. 2012) with roots back in industrial engineering and commercialization of new products within the energy – oil & gas industry, machinery and mechanical branches. We follow our innovative and environmentally friendly products from the early stage of idea to their specific markets. The company draws benefits from long experience and from being a small and flexible environment for creativity and knowhow. The founders behind OTECHOS have several technology establishments in their records. All from early stage in year 2000 until today, they founded five technology companies. All have been into mechanical technology / products and machinery. From their first success, the CFT (Coiled Foil Technology) heat exchanger in Pleat AS (www.pleat.no) to the last and most known company, Quickflange AS with its unique cold weld technology for pipe flanges (www.quickflange.com), all which have created a global footprint in the piping industry. Quickflange has received several technology prizes, for instance “Deloitte Technology Fast 500”, “NHO’s Innovation price 2010 (Confederation of Norwegian Enterprises) for innovative technology and business development” and finalist in the “DnB Innovation prize”. From the very first cooperation between the two founders, there always been focus on new technology with a global potential and with IP rights (patented technology). OTECHOS is such a company. The company has now several investors, where the two founders are the major shareholders. The investors, directors of the board and the management are all professionals and have long and wide experience in international business and industry. This will ensure that the rap

IRUBIS

Venture Round in 2020
IRUBIS GmbH, founded in 2017 and based in Munich, Germany, specializes in the development of mid-infrared (MIR) spectrometers and attenuated total reflection (ATR) crystals. The company focuses on enhancing Fourier transform infrared (FTIR) spectroscopy to improve the analysis of protein-based drugs. Its innovative measurement systems enable real-time bioreactor monitoring, allowing for the online assessment of glucose and lactate levels without contamination risks. IRUBIS also produces a range of ATR crystals, including single-reflection and signal-enhanced varieties, aimed at advancing industry standards for bioprocess monitoring. The company’s technology supports both upstream and downstream bioprocessing, facilitating metabolite monitoring and the detection of target proteins and contaminants through machine-learning evaluation software.

IRUBIS

Grant in 2020
IRUBIS GmbH, founded in 2017 and based in Munich, Germany, specializes in the development of mid-infrared (MIR) spectrometers and attenuated total reflection (ATR) crystals. The company focuses on enhancing Fourier transform infrared (FTIR) spectroscopy to improve the analysis of protein-based drugs. Its innovative measurement systems enable real-time bioreactor monitoring, allowing for the online assessment of glucose and lactate levels without contamination risks. IRUBIS also produces a range of ATR crystals, including single-reflection and signal-enhanced varieties, aimed at advancing industry standards for bioprocess monitoring. The company’s technology supports both upstream and downstream bioprocessing, facilitating metabolite monitoring and the detection of target proteins and contaminants through machine-learning evaluation software.
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