www.eicscalingclub.eu

Dear friend, 

The cooling-down season is upon us, but we hope you've been keeping warm!

The temperature has definitely been rising over at EIC Scaling Club HQ, as you can find out below.

Kind regards,

The EIC Scaling Club team

News and insights from the EIC Scaling Club

Earlier this month, we were honoured to present the seven exceptional leaders who will support the EIC Scaling Club as Council Members in the coming years.

The Council Members’ mission is to provide valuable insights and expertise; review progress and provide feedback on the club’s plans and activities and engage in networking and collaboration opportunities with fellow members.

The EIC Scaling Club Council comprises a diverse group of professionals representing various sectors and disciplines, and playing different roles: Innovator, Corporate, Investor, Mentor, Media, Academic and Agency.

A big welcome to all of them!

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 the EIC Scaling Club! 🙏

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 early members:

Interview: Ana Maiques (Co-founder & CEO, Neuroelectrics)

The EIC Scaling Club team had a great chat with Ana Maiques, co-founder and CEO of Neuroelectrics, a Barcelona-based deep tech company that produces devices to stimulate and treat the brain.

Watch the interview to learn how her company Neuroelectrics aims to reinvent brain health and therapy.

We also published the interview as a podcast - check out the EIC Scaling Club podcast page.

Spotlight on the DeepTech Alliance: Q&A with Program Manager, Thomas Klem Andersen

The EIC Scaling Club team set out to find out more information about the DeepTech Alliance, a consortium that bills itself as a unique entry-point to Europe's leading deep tech ecosystems.

To that end, we conducted a Q&A interview with Thomas Klem Andersen, the DeepTech Alliance's Program Manager.

Learn more about the DeepTech Alliance.

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:

• Aleph Alpha, a German startup taking on OpenAI, raised $500 million in a funding round backed by the likes of Bosch, SAP and Hewlett Packard Enterprise.
• Germany’s EA Elektro-Automatik has entered a definitive agreement to be acquired by NYSE-listed technology services conglomerate Fortive in a $1.45 billion, all-cash deal.
• The UK is investing £225 million to create an AI supercomputer.
• French VC Serena launched Serena Data Ventures II, its new 100 million euro fund.
• Munich AI-powered drone robotics company Quantum Systems announced the successful completion of its €63.6 million Series B funding round.
• Quandela, the French photonic quantum computing company, successfully secured over €50 million from investors.
• The EU’s initiative to train one million people in ‘deep tech’ has reached the “milestone” of 75 organisations pledging to support it.
• Kvanted Ventures, the first pure-play industrial tech investor in the Nordics, launched a €70 million fund.

 News from the EIC

• The European Innovation Council Fund has approved €1 billion in deep tech venture investments in one year.
• The fresh EIC Tech Report 2023 highlights novel technologies and innovations submitted to the EIC under Horizon Europe.
• European Innovation Council Accelerator: strong performance of engineering and tech-based companies in the latest €350 million funding round.
• The EIC Board published the Code of Conduct for consultants offering services to EIC applicants.
• The European Innovation Council is partnering up with Acclime and Red Bridge for a webinar dedicated to the EIC innovators interested in expanding their solutions beyond Europe.
• The EIC has struck a collaboration with the European Patent Office.
• EIC Pathfinder presented its 2023 Challenges call statistics.
• European Social Innovation Competition: 2023 winners announced!
• Also check out the Speech by European Commissioner Iliana Ivanova at the recent FT-ETNO Tech & Politics Forum.

For your calendar

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:

• A fresh report from Vinnova, the Swedish Innovation Agency, captures and contextualises the trends, opportunities, commitments and challenges we face in pursuing the promises of deep tech in Europe.
• Harnessing the power of generative AI is the lifeblood of Europe’s sustainable future.
• How Europe Is Combining Forces To Create A Global Fusion Champion.
• European startups with patents or trademarks are up to ten times more likely to secure funding, according to a new report.
• Lessons from raising Europe’s biggest climate fund.
• $18.3 billion was raised by European startups in Q3 2023.
• How new regulations and investor focus force startups to be sustainable from day one.
• DIGITALEUROPE released its manifesto, "Europe 2030: a Digital Powerhouse’’.

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:

• Tampere-based IoT firm Wirepas has raised $22 million in a funding round led by Highland Europe.
• Finnish Earth observation company Kuva Space has raised a €16.6 million Series A funding round.
• Italian IoT startup WSense raised €9 million for underwater wireless communication 'harnessing the ocean's untapped potential'.
• European battery recycling startup, Circu Li-ion, announced the successful closing of a €8.5 million seed financing round.
• UK-based additive manufacturing software startup Ai Build raised a Series A round of $8.5 million led by IQ Capital.
• Greek startup Lambda Automata secured €6 million in seed funding, they develops AI-first hardware and software designed to fortify European defense systems.
• Dutch AI-powered software platform for clean mobile energy, Skoon Energy, announced the closing of €5 million in Series A funding, led by North American VC Blue Bear Capital.
• Estonian startup Bisly, which makes green building affordable, raised €3.6 million.

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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