European Innovation Council

The European Innovation Council (EIC), established in 2020 and headquartered in Brussels, Belgium, is dedicated to supporting high-potential innovators, entrepreneurs, small enterprises, and researchers. Its primary focus is on fostering early-stage startups that demonstrate significant environmental, social, and governance (ESG) impacts. The EIC collaborates with private investors to co-invest in ventures, particularly within the deep technology sector, aiming to drive innovation and sustainable development across Europe. By providing financial backing and resources, the EIC seeks to enhance the growth potential of promising startups and contribute to a more innovative and competitive European economy.

David Malo Jean

Director

Candace Johnson

President

Past deals in Adriatic

Voiseed

Venture Round in 2023
Voiseed is an Italian startup focused on artificial intelligence for synthetic speech, specifically designed for the video game industry. The company has developed a scalable AI Dubbing Platform that utilizes advanced generative AI technologies to create virtual human voices with expressive emotional nuances and prosody. This cloud-based software enables users to customize vocal expressions and perform multilingual voice conversions, significantly simplifying the dubbing process. By offering a universal voice model and an emotional data set, Voiseed helps creators efficiently design unique voice textures, thereby reducing costs, time, and complexity in various audio-visual projects. The company is actively expanding its features to cater to additional industries beyond gaming.

NANDO

Grant in 2023
We make waste management simpler by providing data in an accessible, clear and efficient way to environmental professionals. NANDO, is a cutting-edge artificial intelligence, that delivers actionable insights for measuring, analyzing, and optimizing waste management. This empowers companies and communities to minimize their waste impact, safeguarding the planet for future generations.

xFarm

Series B in 2022
xFarm Technologies is a technology company dedicated to digitizing the agri-food sector by offering a comprehensive digital farm management platform. It provides innovative tools, including farm management applications, connected sensors, and algorithms tailored for agriculture, all aimed at enhancing operational efficiency for farmers and industry stakeholders. The company also supports digital transformation initiatives and offers training activities to improve sector-wide capabilities. xFarm Technologies serves approximately 80,000 farms across more than 30 supply chains, covering 1 million hectares in over 100 countries worldwide, facilitating the digitalization of processes in the agricultural industry.

Quanturi Oy

Grant in 2022
Quanturi Oy is a Finnish company founded in 2016 and headquartered in Espoo, specializing in continuous monitoring solutions for fermentable products. The company develops and markets connected objects and systems for data analysis, focusing on agricultural, forestry, and waste management sectors. Its product offerings include wireless monitoring systems for compost temperature, grain management, hay monitoring, and other industrial temperature applications. Quanturi Oy also sells its products online and has expanded its presence to several countries, including France, Great Britain, the Netherlands, Switzerland, Italy, and Belgium.

xFarm

Venture Round in 2022
xFarm Technologies is a technology company dedicated to digitizing the agri-food sector by offering a comprehensive digital farm management platform. It provides innovative tools, including farm management applications, connected sensors, and algorithms tailored for agriculture, all aimed at enhancing operational efficiency for farmers and industry stakeholders. The company also supports digital transformation initiatives and offers training activities to improve sector-wide capabilities. xFarm Technologies serves approximately 80,000 farms across more than 30 supply chains, covering 1 million hectares in over 100 countries worldwide, facilitating the digitalization of processes in the agricultural industry.

Daze

Seed Round in 2021
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

enGenome

Grant in 2021
enGenome is a bioinformatics company that specializes in genomic interpretation and the development of software aimed at diagnosing genetic diseases. By providing accurate omics-based reports to physicians, enGenome improves the processes of diagnosis and treatment for patients. Their platform automates the interpretation of genetic variants, reduces the occurrence of variants of uncertain significance (VUS), and reports supporting evidence, allowing geneticists to identify pathogenic genomic variants efficiently and accurately. This focus on precision aids in enhancing the overall quality of healthcare for individuals with genetic conditions.

Voiseed

Venture Round in 2021
Voiseed is an Italian startup focused on artificial intelligence for synthetic speech, specifically designed for the video game industry. The company has developed a scalable AI Dubbing Platform that utilizes advanced generative AI technologies to create virtual human voices with expressive emotional nuances and prosody. This cloud-based software enables users to customize vocal expressions and perform multilingual voice conversions, significantly simplifying the dubbing process. By offering a universal voice model and an emotional data set, Voiseed helps creators efficiently design unique voice textures, thereby reducing costs, time, and complexity in various audio-visual projects. The company is actively expanding its features to cater to additional industries beyond gaming.

Daze

Venture Round in 2020
Daze is an Italian hi-tech startup developing smart chargers for electric vehicles (EVs). Founded in 2016, Daze spent 3 years mainly focusing on pure R&D activities to create the first both autonomous and conductive charger for EVs: DazePlug. During 2020 Daze has also developed, started to produce and sell two “classic” EV charging products: DazeBox (for home charging) and DazeMax (for shared charging). In 2021 product sales exceeded 3,800 units and revenues approached 1.9 million Euro, with CAGR of 330% between 2019 and 2021. From June 2021 the company is also benefitting from a grant of 2.5 million Euro from the European Innovation Council (EIC) Fund, which is and will be used to push forward DazePlug development. In 2022 revenues grow over 5 million Euro with positive EBITDA, Daze Iberica started the operations. 2023 is the year of expansion, Daze France is starting the operations and new business models and new products are added to the business

TomaPaint

Venture Round in 2020
TomaPaint specializes in the production of eco-friendly bio-resins derived from by-products of industrial tomato processing. The company focuses on creating organic-based lacquers designed for use in food packaging, particularly for the internal coating of food cans. This innovative approach offers an ecological alternative to traditional synthetic petrochemical-based resins, significantly reducing carbon emissions and the use of hazardous chemicals. In addition to its core products, TomaPaint is involved in tomato processing and waste recycling, further emphasizing its commitment to sustainability and environmental responsibility.

Cubbit

Grant in 2019
Cubbit is a geo-distributed cloud enabler that transforms underutilized resources at the edge of the internet into B2B cloud services. Its software can operate on existing resources, in the cloud, or at the edge, allowing for the creation of a seamless data domain. This innovative platform offers highly resilient cloud object storage while maintaining client sovereignty over data. Cubbit enables businesses to reduce storage costs by up to 80% and minimize their cloud carbon footprint, catering to traditional use cases like backup and addressing modern demands related to Edge computing, Multi-cloud environments, and Data Sovereignty. With Cubbit, companies regain full control over their data, infrastructure, and costs, all with a simple setup process that requires no upfront investment.
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