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 March so far!

 

Please find below an update on the EIC Scaling Club, including more information on our upcoming Ignition Forum (and next week's EIC Summit), some must-listen interviews + news and insights 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

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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 invitation-only kick-off event, the upcoming Ignition Forum. 

We can't wait to meet many early EIC Scaling Club members and select guests in person, and we've confirmed some great speakers to grace our stage. They include:

  • Jean-David Malo - Director of EISMEA, the European Commission’s executive agency for the European Innovation Council (EIC) and small and medium-sized enterprises (SMEs).
  • Anna Panagopoulou - Director of ‘ERA & Innovation’ at the Research and Innovation Directorate General of the European Commission.
  • Thomas Dermine - State Secretary of Science Policy, Recovery Program & Strategic Investments for the Belgian Federal Government.
  • Maria Zubeldia - Executive Director of the Entrepreneurship Centre at Said Business School, University of Oxford.
  • Jo De Boeck - Executive Vice President and Chief Strategy Officer, imec.
  • Erik Luts - Chief Innovation Officer and member of the Executive Committee of the KBC group.
  • And many more!
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We're also looking forward to meeting many of you even before the Ignition Forum next week at the EIC Summit in Brussels. Registration for that event has ended as they are at capacity, but the EIC Summit will also be streamed online for those keen to follow along.

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And yes, we know, International Women's Day was last week but still, let's continue celebrating the strength, resilience, and achievements of women everywhere every single day. It's a big part of the EIC Scaling Club mission.

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Finally, we're grateful for the massive interest in our Open Call for Mentors (which ended on 13 March) and are looking forward to selecting the best of the best to guide our high-potential deep tech scale-up founders to new heights.

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Here are some insights from leading deep tech innovators:

A deep dive into the future with Exponential View's Azeem Azhar

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Azeem Azhar has had a rich career as a journalist, entrepreneur, author, speaker, analyst, consultant, but now bills himself as an 'independent academic'.

These days, he's perhaps best known for Exponential View, which offers weekly deep dives on AI and breakthrough technologies to a vast audience of investors, C-suite execs and global leaders who like to be challenged on thinking about the future.

 

Check out our interview with Azeem here.

Changing the fate of Europe through deep tech investments: Q&A with Jolt Capital's Jean Schmitt

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On the sidelines of the recent Tech Tour Growth 50 Europe event, we caught up with Jean Schmitt, Managing Partner at Jolt Capital, a growth capital investor in European B2B deep tech companies.

 

Check out our interview with Jean here.

The Earlybird gets the interview: A chat with seasoned VC investor Christian Nagel

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Dr. Christian Nagel is a co-founder and partner of Earlybird, a technology investment powerhouse with more than €2 billion under management. We caught up with Christian at the recent Tech Tour Growth50 Europe event in Paris, to gain some more insights into the firm's investment strategy and hypotheses.

 

Check out our interview with Christian here.

Moving on up: EIT Urban Mobility CEO Maria Tsavachidis on how to make cities more liveable thanks to sustainable mobility

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We recently attend the EIT Summit in Brussels, where we had a chance to catch up with Maria Tsavachidis, CEO of EIT Urban Mobility, one of the organisation's so-called KICs.

Check out our interview with Maria here.

An interview with Timo Toikkanen, CEO of Varjo

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On the sidelines of the recent Tech Tour Growth 50 Europe event in Paris, we had a chance to sit down with Timo Toikkanen, an early investor in and advisor to, and these days chief executive officer of Finland-based professional mixed reality company Varjo.

 

Check out our interview with Timo here.

Making media moves: Insights from The Innovator founder (and EIC Scaling Club Council Member) Jennifer Schenker

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On the sidelines of the recent Tech Tour Growth 50 event in Paris, we recorded a short but sweet interview with Jennifer Schenker, founder and editor-in-chief of The Innovator, which she describes as a "pan-European publication with global aspirations".

 

Check out our interview with Jennifer here.

Making clean, scalable fusion power plants a reality: An interview with Proxima co-founder and CEO Francesco Sciortino

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We had a very interesting conversation with the co-founder and CEO of clean energy scale-up Proxima Fusion at the recent DLD Conference in Munich, and fortunately for you we recorded it!

Have a listen to our chat with Francesco Sciortino, whose deep tech company aims to build an entirely new generation of fusion power plants, using QI stellarators.
 
Check out the interview with Francesco here.

Veteran investor Anne Glover (Amadeus Capital) on Europe's chance to shine in deep tech

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Amadeus Capital Partners has been investing in technology-enabled products and services for nearly three decades. Founded by Anne Glover and Hermann Hauser in 1997, Amadeus has backed more than 190 companies and raised over $1 billion for investment to date.

When we had a chance to sit down with Anne on the sidelines of the recent Tech Tour Growth 50 Europe event, we seized the opportunity.


Check out our interview with Anne here.

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:

  • Spain to set up a new body tasked with pumping €20 billion into deeptech.
  • UK semiconductor sector gains access to €1.3B pot of funds from Horizon Europe.
  • Europe one step away from landmark AI rules after lawmakers' vote.
  • Verdane's big bets on digital and decarbonisation: Edda III fund closes at €1.1 billion.
  • Singapore-based semiconductor firm Silicon Box intends to invest up to $3.6 billion in a new chip plant in Italy.
  • Sunfire raises over €500 million to boost European's green hydrogen economy.
  • The EU’s plan for critical technologies ends up as a shadow of the promised sovereignty fund.
  • Deeptech VC Elaia teams up with European research labs to launch €120m seed fund.
  • DeepTechXL raises €110 million, a boost for Dutch deeptech startups.
  • Powerdot secures €100 million in funding for EV charging infrastructure expansion.
  • GapMinder Ventures Launches €80M Fund II, Largest in Romania, to Drive Tech Innovation Across SEE.
  • Nordic Science Investments launches a new era for academic deeptech spinouts as it completes the initial closing of its first €60 million fund.
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 News from the EIC

  • EIC Accelerator – €285 million funding in deep-tech start-ups in most competitive funding round.
  • EIC Women Leadership Programme: Open Call – for female researchers and aspiring female leaders.
  • EIC Pathfinder Challenges 2023 results: over €150 million to support cutting edge research projects in key technology areas.
  • EIC Transition results: 27 projects selected to take novel technologies from lab to market readiness.
  • Open call: Grow your health business in the USA with the EIC Soft-landing programme
  • European Innovation Council joins forces with EPO to combat cancer.
  • European Capital of Innovation Awards 2024 now open for applications!
  • Ten finalists are in the running for the 2024 European Prize for Women Innovators.

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:

  • Viva Technology, in partnership with GP Bullhound, has released its 2024 'Top 100 Next Unicorns' list.
  • Innovation in Europe is falling behind. What can we do to catch up?
  • Europe's Deeptech Boom: Key Communities Driving University Spinouts and VC Investment Surge.
  • Top start-up hubs reinvent the model for European tech sector needs.
  • Report: “European Deep Science Technologies: The time for science equity is now”
  • Europe rising: Mistral AI's new flagship model outperforms Google and Meta and is nipping at the heels of OpenAI.
  • 14 deeptech soonicorns in Europe.
  • Why US-based VCs are investing big in European climate tech.
  • A showcase of Europe's impact-driven innovators – EIT Awards winners announced.
  • Inside Finland’s state-of-the-art quantum computing hardware ecosystem.
  • 13 deeptech communities you need to know, according to VCs.
  • Could this Finnish seaside city be the next Scandinavian deeptech hotspot?

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:

  • Unseenlabs secures €85 million for maritime surveillance tech.
  • Parisian startup Photoroom secured $43 million in Series B funding to enhance its AI-powered photo editing capabilities.
  • Spain's Multiverse raises $27 million for quantum software targeting LLM leviathans.
  • Leonardo DiCaprio backs SolarMente: a subscription-based P2P solar cleantech.
  • Paris-based SUBLIME Energy bags €11.5 million to enable the local collection of biogas from farms.
  • London startup Climate Policy Radar raises $6.8 million to leverage AI in climate policy tracking.
  • Barcelona-based WIVI Vision raises €4 million to improve visual health with gamified AI-based therapies.
  • Kurs Orbital secures €3.7M for satellite servicing and space debris removal.
  • Finland’s SpinDrive raises €2.5 million to advance magnetic bearings with innovative controller technology.
  • Kyiv climatetech startup Carbominer secures €1.5 million EIC Accelerator Fund grant.

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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