EIC Scaling Club's Monthly Newsletter on European Deep Tech
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Dear Community Member, 

 

We hope all is well, and that you're enjoying a productive February so far!

 

Please find below an update on the EIC Scaling Club, including an Open Call for Mentors, from the European Innovation Council and about the broader European deep tech ecosystem(s).

 

Kind regards,

The EIC Scaling Club team

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News and insights from the EIC Scaling Club

We are gearing up to add experienced business mentors to the EIC Scaling Club mix; find more information about our open call here and below.

 

Meanwhile, we're hard at work preparing for our first unveiling of the first cohort of selected deep tech scale-ups on 9 and 10 April in Brussels and Leuven at our kick-off event, the upcoming Ignition Forum.

 

Expect more info about that soon - but members should already save the date!

 

Also to be marked in your calendar: the upcoming EIC Summit in Brussels on 18 and 19 March as part of the European Research & Innovation week.

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Open Call for Mentors!

 

Are you a seasoned Non-Executive Director (M/F) with a rich professional background looking to play a pivotal role in the development of European deep tech scale-up companies?

 

Do you have solid expertise in corporate or venture investment, M&A advisory services, or experience scaling deep tech companies?

 

Then we definitely want you as a mentor for the EIC Scaling Club!

 

To learn more about what becoming a mentor entails, and how it benefits the scale-ups and you, please find more information here or jump straight to the online application form.

 

Important note: Applications are open until Wednesday 13 March 2024 (9:00 AM CET)!

 

 

A warm welcome to our early members

 

We're delighted that so many companies, investors and organisations have already placed their trust in us and joined (and applied to join) the EIC Scaling Club! 🙏

 

Members will soon benefit exclusively from the Club’s network, mentorship programmes, investor matchmaking sessions and more.

We are looking forward to welcoming many more of you as we gear up to build a curated, high-level community of deep tech innovators to reach the next level.

A small selection of 20 recently joined Club members, including Infineon, Bosch Ventures, Eurobank, Hyundai CRADLE and Intesa Sanpaolo Innovation Center:

 

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Here are some insights from leading innovators to kick off 2024 with:

Catching up with IQM co-founder and CEO (and EIC Scaling Club Council member) Jan Goetz

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We sat down with Jan Goetz, a quantum physicist and co-founding CEO of IQM Quantum Computers, building next-generation quantum computers right here in Europe.

 

Goetz, who also served as an EIC Board Member in the past and recently - and graciously - accepted to become an EIC Scaling Club Council member, was kind enough to take time out of his day at the DLD Conference in Munich.

 

Check out the interview here.

Warning: Joining the EIC Scaling Club may get your company acquired! (Veronika Oudova, S-Biomedic)

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The EIC Scaling Club helps deep tech scale-up founders connect with peers, investors, potential new hires, mentors and other stakeholders.

 

Sometimes, being part of the community can even help your company get acquired by the right partner!

 

Such was the case for Veronika Oudova, co-founder and CEO of biotech firm S-Biomedic, and aside from an EIC beneficiary with her company also an EIC Ambassador.

 

Check out the interview here.

The key to Europe levelling up its game, and insights on the Swiss (deep) tech ecosystem: An interview with Jennifer Webb (Swisscom Ventures)

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We jumped at the opportunity to sit down recently with Jennifer Webb, an Investment Director at Swisscom Ventures who leads investments in sustainable technologies. She joined the firm from LGT Lightrock in London where she spent five years building the innovative sustainable technology investment vehicle with investments in B2B SaaS, healthcare and education.

Shaping light as a service - A chat with Jean-François Morizur, CEO of French photonics scale-up Cailabs

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France-based deep tech company Cailabs is a global leader when it comes to designing, manufacturing and selling specialised photonics solutions for free-space transmission, industrial lasers, local area networks and telecommunications, among other use cases.

An innovator in the world of 'complex light shaping', the high tech scale-up recently closed a €26 million financing round with the European Innovation Council, Bpifrance (DGA), NewSpace Capital and other investors.

We recently sat down with Cailabs co-founder and CEO Jean-François Morizur.

Safety first: Soter Analytics helps prevent workplace injuries (interview with CEO Matthew Hart)

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Deep tech company Soter Analytics was started in 2016 to reduce workplace ergonomic injuries in warehouses and factories, drive-down claims costs, boost productivity and improve worker retention using smart safety wearables and AI-driven technologies.

 

At the most recent OTB Ventures Summit, we caught up with the company's CEO, Matthew Hart, who explained what the company is building - and why it matters.

Building (and funding) real European deep tech champions: An interview with EIF deputy chief Roger Havenith

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The European Tech Champions Initiative (ETCI), managed by the European Investment Fund, yesterday announced that it has allocated nearly €1 billion to four strategic funds in its first year, including Atomico and Keensight Capital, in an effort to propel forward the EU tech sector with potential leverage of up to €6 billion.

Recently in Brussels, the EIF gave an update on the initiative, and we had a chance to sit down with its deputy chief executive, Roger Havenith, to talk about the announcements, the future plans for ETCI, and its complementary relationship with the EIC (Fund).

News and insights from across the

European deep tech industry

We've been keeping track on Europe's deep tech ecosystem(s).

 

Here's an overview of the biggest news and milestones

from leading companies, investors and organisations:

  • Plural launched a new €400M fund to back world-changing startups.
  • EU countries strike deal on landmark AI rulebook.
  • Raspberry Pi enlists support for a potential 2024 IPO.
  • Earlybird Health closes its latest fund at €173 million, targeting investments in European healthtech companies.
  • UK invests £100M in AI research and regulation, £45M in quantum.
  • Speedinvest closes €350 million fourth flagship fund, €50 million above target.
  • Poland-born and Andreessen Horowitz-backed ElevenLabs raised $80M in Series B funding for voice AI development.
  • The European Investment Fund is investing €60 million in Future Energy Ventures Fund I.
  • Greek-born night vision systems maker Theon lists on Euronext Amsterdam.
  • Warsaw-based SMОK Ventures With A New $25M Fund Creating Opportunities For Startups In CEE And Diaspora.
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 News from the EIC

  • Strategic Technologies for Europe Platform: provisional agreement to boost investments in critical technologies.
  • The EIC Fund Seeks Experienced Board Members to Shape the Future of Innovation.
  • EIC to ramp up deals in first half of 2024.
  • The European Innovation Council launches SPIN4EIC Strategic Innovation Procurement Programme.
  • Horizon 2020 evaluation shows that investment in EU research and innovation greatly pays off.
  • Horizon Europe budget to be cut by €2.1B, as defence research gets a €1.5B boost
  • Discover the European Prize for Humanitarian Innovation (InnovAid) finalists.

For your calendar

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Must reads: our curated selection of stories

We've collected several interesting relevant market reports, data-driven insights, opinions and more from across the European deep tech community:

  • Is quantum computing the next technology on the EU's regulation agenda?
  • There’s a lack of growth capital in Europe — Germany’s $1bn deeptech and climate tech fund wants to change that.
  • Europe needs more scientists in VC to become a deep tech powerhouse.
  • How investors spot red flags in deep tech startups 🚨.
  • TNW Podcast: Ton van ‘t Noordende on European quantum tech.
  • It’s time for a European cleantech investment plan.
  • "EU does not need to wait for the AI Act to act".
  • Talent, tech, and the unicorn farm… in conversation with EIT’s Adam Rottenbacher.
  • New Roadmap To Position Europe As The ‘Quantum Valley’ Of The World.
  • The rise of AI in the Baltics: Innovative startups to watch out for in 2024.
  • Viewpoint: Europe needs to plot its own course in applying artificial intelligence to education.
  • Privacy-preserving technologies are about to have their hockey-stick moment.
  • Europe's startups pave the way for a low-carbon, low-waste future for concrete.

Worth a look!

 European deep tech startups are making waves

Here's a selection of recent funding stories from some of

Europe's most promising early-stage deep tech startups:

  • EIB funds Protix's insect-based protein production expansion with €37M.
  • Dutch startup secures $25M to bring autonomous bricklaying robots to Europe.
  • Berlin's BlueLayer raises $10M for carbon project development software.
  • Dutch deep tech startup CarbonX bags €10M to combat graphite shortage.
  • SEMRON secures €7.3M Seed funding for industry-first 3D AI semiconductor chips.
  • Denmark's Reel secures €5M for its industry-transforming Power Purchase Agreements.
  • Cosmic Aerospace raises $4.5M for revolutionary electric aircraft development.
  • Milan-based Voidless raises €2.2 million to confront the overpackaging problem with “box on demand” solution.
  • Marama Labs, a Dublin, Ireland-based deep-tech spectroscopy startup, raised €1.5M in funding.
  • Oslo-based OTee bags €1.25 million to be a driving force in the disruption of industrial automation
  • Swiss startup believes this forgotten element is the key to safe nuclear energy.

That’s it for this month!

 

Do let us know how we can improve this newsletter in future editions.

 

Make sure to follow us on social media to stay updated on all things European deep tech as we get busy building a vibrant EIC Scaling Club.

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