The Innovation Fund

The Innovation Fund is a venture capital firm based in Schaerbeek, Belgium, established in 2015. It targets investments across health and science sectors, including healthcare devices and services, life sciences, material science and biosciences, process technology, hygiene and cosmetology, recycling technology, and B2B and commercial services.

Pol-Henry Bonte

Principal

François Cornelis

Founder, CEO and Chairman

Wim Fyen

Member of Investment Committee

Past deals in Belgium

Fyteko

Series B in 2025
Fyteko is an agtech company headquartered in Brussels, founded in 2014, that develops and produces advanced plant biostimulants. Its flagship product is a biomolecule that enhances crop resilience to both biotic and abiotic stresses, allowing farmers to increase productivity and quality while reducing environmental impact.

Zeopore Technologies

Seed Round in 2018
Founded in 2017, Zeopore Technologies specializes in developing mesoporisation technologies for the refining and petrochemical industry. Its core product is mesoporous zeolite, designed to enhance efficiency in catalytic processes, including petrochemical conversions and plastic waste conversion.

Iristick

Seed Round in 2017
Iristick is a Belgium-based company that specializes in the creation of industrial smart glasses designed to facilitate the digital transformation of enterprises. The company's products support frontline workers in various sectors, including maintenance, logistics, quality control, and telemedicine, by providing hands-free remote assistance, step-by-step workflow guidance, and pick-by-vision logistics. Iristick's smart eyewear leverages smartphone processing power to minimize radiation exposure and reduce deployment costs, making it an effective tool for industrial sites and corporate clients. The company's innovative approach has garnered recognition, including a Red Dot Award and an H2020 European Commission Innovation Grant, along with multiple patents. Iristick serves a global customer base, contributing significantly to the advancement of Industry 4.0.

Fyteko

Seed Round in 2016
Fyteko is an agtech company headquartered in Brussels, founded in 2014, that develops and produces advanced plant biostimulants. Its flagship product is a biomolecule that enhances crop resilience to both biotic and abiotic stresses, allowing farmers to increase productivity and quality while reducing environmental impact.

TrendMiner

Venture Round in 2016
TrendMiner, established in 2008, is a leading provider of advanced industrial analytics software. Headquartered in Belgium with offices in the U.S., Germany, Spain, and the Netherlands, the company offers a fast, powerful, and intuitive platform for real-time monitoring and troubleshooting of industrial processes. TrendMiner's platform enables data-driven decision-making by providing robust data collection, analysis, and visualization. It partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians. The company's self-service analytics platform uses pattern recognition and machine learning to help clients optimize process performance and drive operational intelligence.

Lisam Systems

Venture Round in 2016
Lisam Systems is a global provider of environmental, health and safety compliance management software and services. Its flagship ExESS platform enables creation, management and distribution of GHS-compliant safety data sheets and labels, and supports chemicals and inventory management, label generation, workplace safety, waste management and document control across major markets. The company also offers SDS authoring, distribution and management, regulatory advisory, software installation and customization, training and outsourced document and process management for SDS, as well as ongoing software maintenance and technical support. Lisam serves manufacturers, distributors and users of chemical products across industries including chemical and specialty chemicals, cosmetics, detergents and fragrances, with a worldwide network of offices. Founded in 1999 and headquartered in Ecaussinnes, Belgium.

InOpSys

Seed Round in 2015
InOpSys NV is a company based in Mechelen, Belgium, that focuses on the development and construction of flexible, modular, and mobile units for onsite treatment of toxic wastewater. The company specializes in providing sustainable solutions for the purification of industrial wastewater streams, particularly for the chemical and pharmaceutical sectors. By enabling the recovery of water and raw materials for reuse, InOpSys contributes to improved water quality and assists industries in achieving their sustainability objectives.
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