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

Past deals in Sweden

AlzeCure Pharma

Grant in 2025
AlzeCure Pharma AB, established in 2012 and headquartered in Huddinge, Sweden, is a pharmaceutical company dedicated to developing drug therapies for central nervous system disorders. The company's primary focus is on Alzheimer's disease, with a pipeline consisting of five drug candidates based on its NeuroRestore and Alzstatin research platforms. These candidates are in various stages of development, targeting conditions such as sleep disruptions, traumatic brain injuries, neuropathic pain, and eye/ear indications. AlzeCure's team comprises key professionals with complementary expertise, spanning from molecule to man, and the company aims to be an industry-standard incubator for novel projects.

Heart Aerospace

Series B in 2024
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Handiscover

Seed Round in 2023
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

Modvion

Convertible Note in 2023
Modvion AB, founded in 2015 and based in Gothenburg, Sweden, specializes in the design and development of modular wind power towers constructed from renewable composite materials. The company's innovative modular technology simplifies construction logistics by facilitating transportation and installation of towers over 120 meters tall. This approach not only reduces costs associated with traditional steel tower construction but also enhances efficiency in harnessing wind energy. By leveraging engineered wood products, Modvion aims to improve the economic viability of wind power investments for power plant construction businesses, ultimately contributing to a more sustainable energy landscape.

Ekkono Solutions

Venture Round in 2022
Ekkono Solutions AB, based in Tvååker, Sweden, specializes in machine learning solutions tailored for the Internet of Things (IoT). The company has developed an embedded advanced analytics engine that performs various machine learning techniques directly on connected devices. This technology encompasses the entire workflow, from data input and model training to execution, re-training, and output. Ekkono's solutions are applicable across diverse industries, including energy, telecommunications, automotive, agriculture, healthcare, and housing automation, as well as in consumer IoT applications such as home security systems and smart appliances. By enabling devices to learn their normal operating states, Ekkono's technology facilitates anomaly detection, performance optimization, and predictive maintenance. This edge-based approach allows real-time data processing, minimizing network load by transmitting only relevant information to the cloud. As a result, connected devices become more autonomous and intelligent, enhancing their functionality while reducing dependence on network quality.

Ekkono Solutions

Grant in 2022
Ekkono Solutions AB, based in Tvååker, Sweden, specializes in machine learning solutions tailored for the Internet of Things (IoT). The company has developed an embedded advanced analytics engine that performs various machine learning techniques directly on connected devices. This technology encompasses the entire workflow, from data input and model training to execution, re-training, and output. Ekkono's solutions are applicable across diverse industries, including energy, telecommunications, automotive, agriculture, healthcare, and housing automation, as well as in consumer IoT applications such as home security systems and smart appliances. By enabling devices to learn their normal operating states, Ekkono's technology facilitates anomaly detection, performance optimization, and predictive maintenance. This edge-based approach allows real-time data processing, minimizing network load by transmitting only relevant information to the cloud. As a result, connected devices become more autonomous and intelligent, enhancing their functionality while reducing dependence on network quality.

AcouSort

Grant in 2022
AcouSort is a Swedish company specializing in the development and sale of laboratory products and integrated solutions that utilize ultrasound technology for the separation, washing, and enrichment of biological samples. Its offerings cater to researchers and life science companies, focusing on the automated preparation of samples such as blood cells, bacteria, and extracellular vesicles. The technology is rooted in acoustofluidics research from the esteemed group led by Professor Thomas Laurell at Lund University's Department of Biomedical Engineering. Key products include AcouTrap, AcouWash, and AcouPlasma, which facilitate efficient handling of microscopic particles in microfluidic channels for research and diagnostic applications.

Reliefed Technologies

Venture Round in 2022
Reliefed Technologies AB, based in Varberg, Sweden, specializes in producing 3D printing components for various industries, including transportation, building materials, consumer products, and energy applications. The company has developed a globally patented 3D-production method known as z.trusion®, which allows for 3D mass production on conventional 2D production lines. This innovative technology significantly reduces energy consumption and costs, particularly in the new energy sector, offering up to 97% less energy usage and ten times faster production speeds in the manufacturing of components like bipolar flow plates for fuel cells and electrolyzers. Reliefed Technologies holds 44 patents worldwide, enabling enhanced performance and efficiency in products such as lithium-ion batteries and thermal management systems for electric vehicles. The company collaborates with major multinational original equipment manufacturers (OEMs) and Tier 1 suppliers to implement its technology in industrial settings, driving advancements in energy solutions and sustainable manufacturing practices.

Reliefed Technologies

Grant in 2022
Reliefed Technologies AB, based in Varberg, Sweden, specializes in producing 3D printing components for various industries, including transportation, building materials, consumer products, and energy applications. The company has developed a globally patented 3D-production method known as z.trusion®, which allows for 3D mass production on conventional 2D production lines. This innovative technology significantly reduces energy consumption and costs, particularly in the new energy sector, offering up to 97% less energy usage and ten times faster production speeds in the manufacturing of components like bipolar flow plates for fuel cells and electrolyzers. Reliefed Technologies holds 44 patents worldwide, enabling enhanced performance and efficiency in products such as lithium-ion batteries and thermal management systems for electric vehicles. The company collaborates with major multinational original equipment manufacturers (OEMs) and Tier 1 suppliers to implement its technology in industrial settings, driving advancements in energy solutions and sustainable manufacturing practices.

Edvince

Grant in 2021
Edvince AB is a biotechnology company based in Lund, Sweden, founded in 2003. The company specializes in developing innovative treatments aimed at minimizing brain damage caused by strokes. Its therapeutic approach is rooted in the extensive research conducted by Professor Lars Edvinsson. Edvince's focus is on creating a new acute stroke therapy that addresses the underlying factors and symptoms associated with strokes, thereby enhancing patient outcomes and reducing the risk of brain injuries during such medical emergencies.

Heart Aerospace

Series A in 2021
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Handiscover

Seed Round in 2021
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

MedTrace Pharma

Venture Round in 2021
MedTrace Pharma A/S, founded in 2015 and headquartered in Kongens Lyngby, Denmark, specializes in medical technology focused on improving positron emission tomography (PET) imaging. The company has developed an automated system, known as MT-100, which facilitates the bedside production and infusion of radioactive water, specifically 15O-water, into patients during PET scans. This innovative approach enhances the sensitivity of imaging results and significantly increases patient throughput. Complementing the MT-100 system is aQuant, an analytical software platform designed to interpret the PET scan data generated from the use of 15O-water. With additional offices in Boston, Massachusetts, and Uppsala, Sweden, MedTrace Pharma aims to advance clinical practices in diagnostic imaging through its cutting-edge technology.

Gleechi

Venture Round in 2021
Gleechi AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interaction between humans, computers, and robots. Their core technology revolves around advanced computer vision and machine learning algorithms, enabling real-time, free, and natural hand interactions in games, virtual reality, and robotics. Gleechi's innovative software allows for the creation of realistic hand movements and interactions, making it possible for users to learn by doing in virtual environments. The company has been recognized for its achievements, including being named Super Startup of the Year by Veckans Affärer and ALMI Invest, winning the EIT Digital Idea Challenge, and being awarded Startup of the Year by STING.

NIL Technology ApS

Venture Round in 2021
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

Heart Aerospace

Grant in 2020
Heart Aerospace AB, founded in 2018 and headquartered in Gothenburg, Sweden, with an additional location in Palo Alto, California, focuses on developing an electric regional airliner aimed at enhancing sustainable transportation for regional travel. The company's flagship aircraft, the ES-19, is designed to accommodate nineteen passengers and boasts an operational range of 400 kilometers. Heart Aerospace seeks to significantly reduce fuel and maintenance costs compared to traditional aircraft while achieving zero operational emissions. The innovative design allows for a low infrastructural footprint, facilitating the use of small airports located near city centers. Heart's objective is to secure certification for the ES-19 for commercial operations by 2026, aligning with its mission to provide affordable and environmentally friendly travel options across the globe.

Ilya Pharma

Grant in 2020
Ilya Pharma AB, established in 2016 and headquartered in Uppsala, Sweden, specializes in the development of biological drugs for treating skin and mucosal wounds. The company's innovative approach involves genetically modifying lactic acid bacteria, commonly found in yogurt, to produce substances that accelerate wound healing. Ilya Pharma focuses on both acute and chronic wounds, with a particular emphasis on addressing the unique challenges faced by diabetic patients. The company's work is grounded in extensive scientific research conducted at Uppsala University and the Swedish University of Agriculture.

Ilya Pharma

Venture Round in 2020
Ilya Pharma AB, established in 2016 and headquartered in Uppsala, Sweden, specializes in the development of biological drugs for treating skin and mucosal wounds. The company's innovative approach involves genetically modifying lactic acid bacteria, commonly found in yogurt, to produce substances that accelerate wound healing. Ilya Pharma focuses on both acute and chronic wounds, with a particular emphasis on addressing the unique challenges faced by diabetic patients. The company's work is grounded in extensive scientific research conducted at Uppsala University and the Swedish University of Agriculture.

Handiscover

Grant in 2020
Handiscover Sweden AB, founded in 2014 and based in Malmö, Sweden, operates an online booking platform focused on holiday accommodations for individuals with physical disabilities. This pioneering service features a unique classification system that allows users to filter options based on their specific mobility needs. Handiscover aims to simplify the process of finding accessible vacation rentals, catering to the diverse requirements of its users. Additionally, the platform assists companies and municipalities in gathering and presenting specialized accessibility data, ensuring that individuals with disabilities can easily discover and book suitable accommodations for their travels.

MedTrace Pharma

Grant in 2020
MedTrace Pharma A/S, founded in 2015 and headquartered in Kongens Lyngby, Denmark, specializes in medical technology focused on improving positron emission tomography (PET) imaging. The company has developed an automated system, known as MT-100, which facilitates the bedside production and infusion of radioactive water, specifically 15O-water, into patients during PET scans. This innovative approach enhances the sensitivity of imaging results and significantly increases patient throughput. Complementing the MT-100 system is aQuant, an analytical software platform designed to interpret the PET scan data generated from the use of 15O-water. With additional offices in Boston, Massachusetts, and Uppsala, Sweden, MedTrace Pharma aims to advance clinical practices in diagnostic imaging through its cutting-edge technology.

Modvion

Grant in 2020
Modvion AB, founded in 2015 and based in Gothenburg, Sweden, specializes in the design and development of modular wind power towers constructed from renewable composite materials. The company's innovative modular technology simplifies construction logistics by facilitating transportation and installation of towers over 120 meters tall. This approach not only reduces costs associated with traditional steel tower construction but also enhances efficiency in harnessing wind energy. By leveraging engineered wood products, Modvion aims to improve the economic viability of wind power investments for power plant construction businesses, ultimately contributing to a more sustainable energy landscape.

Modvion

Venture Round in 2020
Modvion AB, founded in 2015 and based in Gothenburg, Sweden, specializes in the design and development of modular wind power towers constructed from renewable composite materials. The company's innovative modular technology simplifies construction logistics by facilitating transportation and installation of towers over 120 meters tall. This approach not only reduces costs associated with traditional steel tower construction but also enhances efficiency in harnessing wind energy. By leveraging engineered wood products, Modvion aims to improve the economic viability of wind power investments for power plant construction businesses, ultimately contributing to a more sustainable energy landscape.

Gleechi

Grant in 2020
Gleechi AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interaction between humans, computers, and robots. Their core technology revolves around advanced computer vision and machine learning algorithms, enabling real-time, free, and natural hand interactions in games, virtual reality, and robotics. Gleechi's innovative software allows for the creation of realistic hand movements and interactions, making it possible for users to learn by doing in virtual environments. The company has been recognized for its achievements, including being named Super Startup of the Year by Veckans Affärer and ALMI Invest, winning the EIT Digital Idea Challenge, and being awarded Startup of the Year by STING.

NIL Technology ApS

Grant in 2019
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

NIL Technology ApS

Venture Round in 2019
NIL Technology ApS specializes in the optical design, prototyping, mastering, and mass production of optical components. The company provides nanostructured masters for various replication technologies, including nanoimprint, UV-replication, hot embossing, roll printing, and injection molding. Its product offerings support a wide range of applications, such as diffractive optics, microlens arrays, metalenses, optical diffusers, beam splitters, waveguides for augmented and mixed reality, wire grid polarizers, structured light systems, and anti-reflection coatings. NIL Technology also develops tailored solutions for industries including biotechnology, space, consumer product packaging, and renewable energy. Established in 2006, the company is headquartered in Kongens Lyngby, Denmark, with an additional branch located in Gothenburg, Sweden.

Colzyx

Venture Round in 2019
Colzyx AB is a biotechnology company based in Lund, Sweden, specializing in innovative wound care solutions. Established in 2012, the company focuses on developing bioactive wound dressings that leverage groundbreaking research from the Medical Faculty at Lund University. Colzyx's products utilize the alpha-3 chain from human collagen VI, which has shown remarkable wound healing and antimicrobial properties. By harnessing powerful biological regeneration mechanisms, these dressings not only accelerate the healing process for both active and chronic wounds but also provide protection against a wide range of bacteria, including multidrug-resistant strains. This approach aims to enhance patient outcomes by promoting rapid wound closure and minimizing the risk of bacterial infections.

Colzyx

Grant in 2019
Colzyx AB is a biotechnology company based in Lund, Sweden, specializing in innovative wound care solutions. Established in 2012, the company focuses on developing bioactive wound dressings that leverage groundbreaking research from the Medical Faculty at Lund University. Colzyx's products utilize the alpha-3 chain from human collagen VI, which has shown remarkable wound healing and antimicrobial properties. By harnessing powerful biological regeneration mechanisms, these dressings not only accelerate the healing process for both active and chronic wounds but also provide protection against a wide range of bacteria, including multidrug-resistant strains. This approach aims to enhance patient outcomes by promoting rapid wound closure and minimizing the risk of bacterial infections.
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