The Innovation Fund

The Innovation Fund, established in 2015 and located in Schaerbeek, Belgium, is a venture capital firm focused on investing in various sectors, including healthcare services, life sciences, material science, biosciences, and recycling technology. The firm aims to support innovations in healthcare devices and supplies, process technology, hygiene, and cosmetology. By targeting investments in advanced materials, clean technology, and related industries, The Innovation Fund seeks to foster advancements that contribute to sustainable development and improved quality of life.

Pol-Henry Bonte

Principal

26 past transactions

Graftys

Venture Round in 2022
Graftys SAS, based in Aix-en-Provence, France, specializes in the design, development, and manufacturing of synthetic bone biomaterials aimed at reconstructive orthopedic surgery. Founded in 2005, the company provides a range of innovative products, including Graftys QuickSet, a calcium phosphate cement with properties akin to cancellous bone, and biphasic calcium phosphates used for bone repair in surgical procedures. Other offerings include BioActys Granule and Graftys HBS, a cement that transforms into a plastic paste when mixed with a liquid phase. Graftys' products are utilized in various medical applications, such as the fixation of endoprostheses, treatment of bone tumors, and procedures in dentistry and oral surgery, including pulp protection and bone regeneration support.

Aloxy

Venture Round in 2022
Aloxy nv develops and manufactures sensors to capture data from the field for processes in chemical industry. The company also provides a modular industrial Internet of Things (IoT) platform for accessing data; and it also allows users to directly integrate data with local systems on premise. It offers a solution for manual valve position indication and maintenance progress monitoring. Its device, consisting of inertial sensors, detects environmental temperature and atmospheric pressure; vibrations and movement; inclination and rotation; and magnetic fields. In addition, it allows for two-way interaction with local operators using buttons, multi-color light emitting diodes, and near-field-communication to locally communicate. Its sensors provide features, including geo-located using low-power localization technologies. Further, the company provides automated feedback loops based on asset location and workforce interaction; remote monitoring of the actual position of manual valves; and capturing real-time insights and automates processes. The company was founded in 2017 and is headquartered in Antwerp, Belgium.

Terakalis

Series A in 2022
Terakalis is a company that specializes in the development of non-destructive testing equipment focused on material analysis and industrial process control. Established through a technological partnership in 2012 with the Charles Coulomb laboratory, Terakalis harnesses TeraHertz electromagnetic waves for its innovative solutions. The company offers a range of both generic and custom-made products designed to inspect internal defects and assess the physical and chemical properties of materials. By providing integrated line-of-production systems and portable alternatives, Terakalis enables businesses to enhance their operational efficiency and quality assurance in various industrial applications.

Timeseer.AI

Seed Round in 2022
Timeseer.AI is a developer of a low-code platform focused on time series data operations and observability, aimed at enhancing augmented analytics. The company integrates machine learning and natural language processing to facilitate the preparation of time-series analytics. This unique approach allows organizations to derive meaningful insights and statistics from their data. Timeseer.AI represents a collaborative effort between industry experts, academia, and entrepreneurs with over a century of combined experience in time-series analytics, positioning itself as a leader in this specialized field.

Daphne Technology

Series B in 2021
Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels. This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs.

Cognivia

Series B in 2019
Cognivia is a company specializing in the development of analytical tools aimed at enhancing the clinical development of new medicines. Founded in 2013 and headquartered in Gosselies, Belgium, Cognivia focuses on optimizing therapeutic drug development programs. Its flagship product, Placebell, improves test sensitivity by characterizing and managing the individual placebo response in various disease states, where this response can obscure the efficacy of important therapies. The company employs an academic approach to commercialize its technology, drawing on the extensive expertise of its founders and a professional network of advisors. Cognivia’s mission is to improve patient quality of life by assisting healthcare providers and pharmaceutical companies in identifying the most effective therapies for individual patients, while actively involving patients as critical stakeholders in the development process.

Graftys

Series A in 2019
Graftys SAS, based in Aix-en-Provence, France, specializes in the design, development, and manufacturing of synthetic bone biomaterials aimed at reconstructive orthopedic surgery. Founded in 2005, the company provides a range of innovative products, including Graftys QuickSet, a calcium phosphate cement with properties akin to cancellous bone, and biphasic calcium phosphates used for bone repair in surgical procedures. Other offerings include BioActys Granule and Graftys HBS, a cement that transforms into a plastic paste when mixed with a liquid phase. Graftys' products are utilized in various medical applications, such as the fixation of endoprostheses, treatment of bone tumors, and procedures in dentistry and oral surgery, including pulp protection and bone regeneration support.

Daphne Technology

Series A in 2019
Daphne Technology is developing a catalyst-free, nano-technology that helps the petrochemical, power and transportation industries reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented solution can be miniaturized and is especially well-suited to meet the requirements of marine vessels. This approach reduces capital costs when compared to other technologies and can also be used without switching fuel, resulting in a substantial reduction in operating costs.

Aloxy

Series A in 2018
Aloxy nv develops and manufactures sensors to capture data from the field for processes in chemical industry. The company also provides a modular industrial Internet of Things (IoT) platform for accessing data; and it also allows users to directly integrate data with local systems on premise. It offers a solution for manual valve position indication and maintenance progress monitoring. Its device, consisting of inertial sensors, detects environmental temperature and atmospheric pressure; vibrations and movement; inclination and rotation; and magnetic fields. In addition, it allows for two-way interaction with local operators using buttons, multi-color light emitting diodes, and near-field-communication to locally communicate. Its sensors provide features, including geo-located using low-power localization technologies. Further, the company provides automated feedback loops based on asset location and workforce interaction; remote monitoring of the actual position of manual valves; and capturing real-time insights and automates processes. The company was founded in 2017 and is headquartered in Antwerp, Belgium.

Univercells

Series B in 2018
Univercells SA, founded in 2013 and based in Gosselies, Belgium, specializes in the design, development, and implementation of single-use bioprocess solutions for biomanufacturing. The company offers a comprehensive range of services, including the design and construction of manufacturing facilities, as well as the maintenance and supply of bulk active pharmaceutical ingredients (APIs). With a focus on vaccines and biologics, Univercells employs innovative engineering techniques that significantly reduce investment needs by over 75% and lower production costs by up to 90%. Their approach integrates three manufacturing steps—cell culture under perfusion, clarification, and capture—into a simulated continuous mode, enhancing efficiency in the production of antibodies, proteins, and vaccines. Additionally, Univercells has established a strategic partnership with Takeda Pharmaceutical Company to further advance its capabilities in the biomanufacturing sector.

Zeopore

Seed Round in 2018
Zeopore Technologies NV, founded in 2017 and based in Leuven, Belgium, specializes in the production of mesoporous zeolite primarily for the refining and petrochemical sectors. The company has developed innovative mesoporisation technologies that enhance the efficiency of catalytic processes used in these industries. By providing advanced zeolite catalysts, Zeopore aims to improve the performance of petrochemical conversions, bio-renewable feeds, and plastic waste conversion, all while maintaining cost-effectiveness for its clients.

PharmaFluidics

Venture Round in 2018
Pharmafluidics is a spin-off company of the Vrije Universiteit Brussel, aiming at developing integrated milli- to nano-engineered solutions for mixing, separation and reaction processes. Rooted in chemical engineering with an advanced know-how in micro-fabrication technology, our team specializes in developing high quality and tailor-made solutions for any problem in the chemical and life sciences industry potentially benefiting from miniaturization or fine material structuring.

REIN4CED

Seed Round in 2017
Rein4ced B.V.B.A., founded in 2015 and based in Leuven, Belgium, specializes in the development and manufacture of advanced composite materials designed for various applications, including bicycles, cars, and aircraft. The company focuses on creating a unique steel-fiber composite that offers superior impact resistance compared to traditional carbon composites. This innovative material combines carbon composites with specially developed steel fibers, resulting in lightweight, durable products that maintain high stiffness. Rein4ced's offerings are particularly advantageous for bicycle frames, providing enhanced safety and longevity for cyclists.

Blue Foot Membranes

Seed Round in 2017
Blue Foot Membranes is a start-up company, producing and commercializing the unique and worldwide-patented Integrated Permeate Channel (IPC™) technology used in Membrane Bioreactors for the treatment of Industrial and Municipal waste water. BFM manufactures and supplies membranes for more efficient treatment of Industrial and Municipal waste water. The company was established in 2017 at Lommel, Limburg.

Proceedix

Venture Round in 2017
Proceedix is a software-as-a-service platform that specializes in managing enterprise procedures, work instructions, and checklists. It offers a user-friendly interface that allows organizations to digitize their workflows, enabling operators and inspectors to access and execute tasks remotely and paperlessly. The platform is compatible with a variety of devices, including Android phones, tablets, and smart glasses, which facilitates seamless communication and execution of tasks within the workforce. By leveraging Industry 4.0 technology, Proceedix helps businesses reduce paperwork, enhance quality, and improve safety in their operations. This versatile solution is designed to support companies in streamlining their processes and adapting to evolving work environments.

Acar'Up

Venture Round in 2017
AllerInvest develops and design a trap device designed to extract and kill the allergenic dust mites living in mattresses, chairs, carpets and other upholstered furniture.

Iristick

Seed Round in 2017
Iristick NV, founded in 2015 and based in Antwerp, Belgium, specializes in designing and manufacturing smart eyewear solutions tailored for industrial applications. The company's innovative AR smart glasses facilitate hands-free digitization of business processes, allowing users to perform tasks such as maintenance, logistics, quality control, and telemedicine with enhanced mobility and efficiency. By integrating the computing power of smartphones, Iristick's eyewear minimizes radiation exposure and reduces deployment costs while enabling features like remote assistance and step-by-step workflow guidance. With an additional office in New York, Iristick aims to support enterprises in their digital transformation by providing operators and inspectors with practical tools for improved productivity on the job site.

Aerosint

Seed Round in 2017
Aerosint, founded in 2016 and based in Liège, Belgium, focuses on advancing additive manufacturing technologies. The company has developed a unique selective powder recoating technology, which employs patterning drums to deposit fine powder voxels in a precise line-by-line manner. This innovative approach allows for the creation of powder layers made up of multiple materials, facilitating multimaterial 3D printing. Aerosint's primary project aims to establish a zero-waste powder bed 3D printing process for high-performance polymers, significantly enhancing efficiency and sustainability in the manufacturing sector.

Mathym

Venture Round in 2016
Mathym SAS, a nanotechnology company, engages in developing, manufacturing, commercializing, and licensing colloidal solutions for various industrial purposes worldwide. It develops radiopacifying nanoparticles for use in biomedical materials, such as dental resins or bone graft substitutes. Th company was founded in 2013 and is based in Champagne-Au-Mont-D'Or, France. As of September 30, 2019, Mathym SAS operates as a subsidiary of Baikowski SAS.

Fyteko

Seed Round in 2016
Fyteko specializes in the development and production of a bio-stimulant to foster resistance to abiotic stress in crops. Fyteko was founded in 2014 and is based in Brussels, Belgium.

X4C

Seed Round in 2016
X4C specializes in the development and application of monolayer chemical coating technology. This innovative approach enables the creation of thin, uniform coatings that enhance the properties of various substrates. The technology is designed to improve performance and durability in a range of industries, providing solutions that address specific material challenges. By focusing on the unique advantages of monolayer coatings, X4C aims to deliver significant improvements in functionality while maintaining cost-effectiveness for its clients.

TrendMiner

Venture Round in 2016
TrendMiner, a subsidiary of Software AG, specializes in data search and mining software solutions tailored for the process industry. Founded in 2013 and headquartered in Hasselt, Belgium, with additional offices in Houston and Köln, the company provides a self-service data analytics platform optimized for sectors such as chemical, petrochemical, oil and gas, pharmaceuticals, and metals and mining. Its software solutions, including TMsearch, TMcapture, and TMmonitor, empower process specialists to identify trends, create shift logbooks, and monitor process performance against preferred states. The platform utilizes a high-performance analytics engine for time-series data, enabling users to perform root cause analysis and configure early warning systems without needing data scientists. TrendMiner's solutions are designed for easy deployment, offering immediate value without significant infrastructure investments, and include standard integrations with various data historians.

Lisam Systems

Venture Round in 2016
Lisam Systems is a global provider of environmental, health, and safety (EH&S) compliance management software solutions and services, established in 1999 and headquartered in Ecaussinnes, Belgium. The company specializes in developing the ExESS software, which facilitates the creation, management, and distribution of Global Harmonization System (GHS) compliant safety data sheets (SDS) and labels across various industries, including chemicals, cosmetics, and detergents. Lisam Systems offers a range of integrated modular solutions for substance volume tracking, inventory management, accident management, and document management, among others. The company also provides installation, application customization, training, regulatory advisory, and technical support services. With a client base of over 800 organizations worldwide, Lisam Systems aims to deliver innovative and affordable solutions to help manufacturers and distributors effectively navigate compliance challenges related to chemicals and safety regulations.

InOpSys

Seed Round in 2015
InOpSys NV specializes in the development and building of flexible, modular and mobile units for onsite toxic wastewater treatment. InOpSys NV is based in Mechelen, Belgium.

PharmaFluidics

Venture Round in 2014
Pharmafluidics is a spin-off company of the Vrije Universiteit Brussel, aiming at developing integrated milli- to nano-engineered solutions for mixing, separation and reaction processes. Rooted in chemical engineering with an advanced know-how in micro-fabrication technology, our team specializes in developing high quality and tailor-made solutions for any problem in the chemical and life sciences industry potentially benefiting from miniaturization or fine material structuring.
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