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.
AISPECO is a Lithuanian company that specializes in geospatial monitoring systems for various types of vehicles, including helicopters, planes, unmanned aerial vehicles (UAVs), and terrestrial vehicles. The company develops aerial inspection systems specifically designed for conducting powerline surveys using helicopters and drones. Its platform is capable of capturing multiple types of imagery, such as optical, infrared, corona, and hyperspectral, which enhances the efficiency and effectiveness of infrastructure inspections. By focusing on advanced imaging technology, AISPECO enables clients to perform inspections with greater endurance and scalability in their operations.
Hideez
Grant in 2024
Hideez is a cybersecurity company that specializes in manufacturing hardware and providing services for secure authentication. Based in the USA and Ukraine, the company offers the Hideez Key, a hybrid device combining wireless authentication, password management, and access control for both physical and digital environments. This multifunctional key uses encrypted Bluetooth, RFID, and NFC technologies, and supports various authentication standards, making it a versatile and secure solution for managing user credentials.
Ligence
Convertible Note in 2023
Ligence is a Deep Tech startup based in Lithuania, specializing in healthcare solutions developed by a team of medical doctors proficient in artificial intelligence. The company focuses on automating heart ultrasound image analysis through its flagship product, Ligence Heart. This technology employs deep learning algorithms to accurately recognize various heart image views and perform essential measurements automatically. By streamlining the analysis process, Ligence Heart allows physicians to bypass manual measurements, enabling cardiologists and sonographers to enhance efficiency and significantly reduce analysis time, thereby allowing them to concentrate more on patient care and treatment.
Naco
Grant in 2023
Naco Technologies Ltd, established in 2009 and headquartered in Riga, Latvia, specializes in the development, manufacturing, and supply of nano-coating technologies. The company offers a range of high-performance, multilayer and multicomponent coatings designed to enhance the durability and efficiency of equipment across various industries, including tooling, automotive, aerospace, and micro-chip manufacturing. These coatings, which include oil-enhanced, wear-protective, thermal barrier, and liquid-repellent varieties, are applied to client-supplied parts, creating ready-to-use coated components. In 2015, Naco Technologies was acquired by the Germany-based Schaeffler Group, further expanding its global reach and resources.
Nanordica Medical
Grant in 2022
Nanordica Medical is an Estonian medical technology company specializing in the treatment of chronic wounds through its innovative nanotechnology. The company has developed a patented wound dressing that combines copper and silver in nanofibers, effectively removing infection and promoting healing. In addition to its human applications, Nanordica Medical has launched Ravimus Vet, a veterinary product designed for animal wounds. The company is focused on addressing hard-to-heal human wounds, such as diabetic foot ulcers, and has recently completed a clinical trial demonstrating superior efficacy results compared to traditional silver ions-based dressings. By utilizing its advanced nanotechnology, Nanordica Medical aims to provide a more effective antibacterial solution for a broader range of bacteria, including drug-resistant strains.
Ligence
Grant in 2022
Ligence is a Deep Tech startup based in Lithuania, specializing in healthcare solutions developed by a team of medical doctors proficient in artificial intelligence. The company focuses on automating heart ultrasound image analysis through its flagship product, Ligence Heart. This technology employs deep learning algorithms to accurately recognize various heart image views and perform essential measurements automatically. By streamlining the analysis process, Ligence Heart allows physicians to bypass manual measurements, enabling cardiologists and sonographers to enhance efficiency and significantly reduce analysis time, thereby allowing them to concentrate more on patient care and treatment.
Ligence
Venture Round in 2021
Ligence is a Deep Tech startup based in Lithuania, specializing in healthcare solutions developed by a team of medical doctors proficient in artificial intelligence. The company focuses on automating heart ultrasound image analysis through its flagship product, Ligence Heart. This technology employs deep learning algorithms to accurately recognize various heart image views and perform essential measurements automatically. By streamlining the analysis process, Ligence Heart allows physicians to bypass manual measurements, enabling cardiologists and sonographers to enhance efficiency and significantly reduce analysis time, thereby allowing them to concentrate more on patient care and treatment.
NanoAvionics
Grant in 2019
NanoAvionics is a manufacturer and integrator of small satellite bus systems, with operations in the US, UK, and Lithuania. The company specializes in providing end-to-end small satellite solutions tailored for both single missions and larger constellations. Its offerings include a commercial-grade satellite platform that integrates essential components such as flight computers, attitude determination and control systems (ADCS), communication subsystems, and propulsion systems based on non-toxic mono-propellants. This modular approach not only enhances the functionality of small satellites but also optimizes hardware, launch, and operational costs. With a core engineering team that boasts over 85 successful satellite missions and projects, NanoAvionics aims to deliver economic viability for a diverse range of satellite missions across various sectors globally.
Rubedo Sistemos
Grant in 2017
Rubedo Sistemos, based in Kaunas, Lithuania, specializes in the design and manufacture of self-driving robots and process control solutions for various industrial applications. Founded in 2009, the company develops 3D visual perception and navigation technologies tailored for free-ranging, vision-guided robotics, serving sectors such as manufacturing, material handling, and healthcare. Among its notable offerings is the VIPERTM system, which enhances visual perception for robots and industrial vehicles. Rubedo Sistemos is recognized for its innovative solutions, including a FDA-compliant robotic system specifically designed for precise tumor targeting in image-guided radiation therapy, collaborating with leading medical device manufacturers.
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