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.
STAC Technology
Venture Round in 2021
STAC Technology is a research and development company focused on innovative cooling solutions. It has developed the world's first water vapor-driven turbo-compressors that utilize water as a natural refrigerant, replacing synthetic alternatives. This technology allows for on-site heating and cooling while harvesting thermal energy from water, resulting in sustainable and efficient solutions for the global cooling industry. STAC's systems offer zero emissions and significant energy and resource efficiency benefits, helping clients lower infrastructure costs while addressing climate change and global warming challenges.
MAGNOTHERM, founded in 2019 and headquartered in Darmstadt, Germany, specializes in innovative cooling and heating technology utilizing magnetic materials. The company has assembled a team of over 40 experts with significant expertise in magnetic cooling and magnetocaloric materials. MAGNOTHERM aims to address the climate crisis by providing energy-efficient alternatives to traditional gas compression cooling, which contributes to at least 7% of global CO2 emissions. Its technology, which operates at low pressure, is designed to be up to 30% more energy efficient than existing systems while being non-explosive, non-flammable, and low maintenance. The company focuses on developing magnetic cooling systems suitable for various applications, including room temperature environments and hydrogen liquefaction plants, offering a sustainable solution that can help transition industries away from outdated gas compression methods.
STAC Technology
Grant in 2021
STAC Technology is a research and development company focused on innovative cooling solutions. It has developed the world's first water vapor-driven turbo-compressors that utilize water as a natural refrigerant, replacing synthetic alternatives. This technology allows for on-site heating and cooling while harvesting thermal energy from water, resulting in sustainable and efficient solutions for the global cooling industry. STAC's systems offer zero emissions and significant energy and resource efficiency benefits, helping clients lower infrastructure costs while addressing climate change and global warming challenges.
DAC - Dynamic Air Cooling
Grant in 2021
Dynamic Air Cooling is a new ecological way to generate cold for industrial or residential air cooling and refrigeration. Our technology decreases temperature by -60°C and has no impact on environment: it uses no synthetic coolants and has neither thermal nor CO2 emissions. DAC is up to 50% cheaper comparing to traditional A/C or refrigeration technology.
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