European Innovation Council

Established in 2020, the European Innovation Council supports innovative startups and researchers with promising ideas, focusing on early-stage companies with positive environmental, social, or governance impacts. It co-invests alongside private investors.

David Malo Jean

Director

Past deals in Skincare

Infinite Roots

Series B in 2024
Infinite Roots is a technology-driven company specializing in sustainable health and wellness products. They harness natural ingredients through fermentation technology to create organic, ethically sourced products like herbal supplements, skincare, and wellness solutions. The company's commitment lies in promoting holistic well-being while maintaining eco-friendly practices and ethical standards.

Ostoform

Grant in 2022
Ostoform is a Dublin, Ireland-based medical device company focused on ostomy skin health. It develops patented devices designed to manage skin complications for ostomy patients, including OSTOFORM, a mouldable seal that wraps around the stoma, and FLOWASSIST, which directs stoma output away from the skin. The technology is designed to prevent skin contact with corrosive output, reduce leakage, and improve skin health. The business originated as a spin-out from the University of Limerick and was established in 2016, leveraging patented technology to scale its solutions globally.

Infinite Roots

Venture Round in 2022
Infinite Roots is a technology-driven company specializing in sustainable health and wellness products. They harness natural ingredients through fermentation technology to create organic, ethically sourced products like herbal supplements, skincare, and wellness solutions. The company's commitment lies in promoting holistic well-being while maintaining eco-friendly practices and ethical standards.

Infinite Roots

Grant in 2022
Infinite Roots is a technology-driven company specializing in sustainable health and wellness products. They harness natural ingredients through fermentation technology to create organic, ethically sourced products like herbal supplements, skincare, and wellness solutions. The company's commitment lies in promoting holistic well-being while maintaining eco-friendly practices and ethical standards.

BIOWEG

Venture Round in 2022
Founded in Germany in 2019, BIOWEG is a purpose-driven company that combines biotechnology, material science, and molecular simulation to develop and sell advanced, sustainable, and bio-based high-performance ingredients for businesses. Their animal-free ingredients are globally scalable and manufactured sustainably using green chemistry. They partner with forward-thinking companies in cosmetics, personal care, agricultural technology, and food/beverage sectors.

BIOWEG

Grant in 2021
Founded in Germany in 2019, BIOWEG is a purpose-driven company that combines biotechnology, material science, and molecular simulation to develop and sell advanced, sustainable, and bio-based high-performance ingredients for businesses. Their animal-free ingredients are globally scalable and manufactured sustainably using green chemistry. They partner with forward-thinking companies in cosmetics, personal care, agricultural technology, and food/beverage sectors.

Roka Furadada

Grant in 2021
Roka Furadada is a company focused on reducing skin cancer risk through the development and production of ultraviolet radiation protection solutions, including active ingredients and medical devices. It conducts research to create effective, low-toxicity sun protection products that are environmentally friendly. The company develops ultraviolet filters and sunscreen formulations designed to provide protective benefits while minimizing environmental impact, with an emphasis on advancing sun care that helps prevent and manage diseases associated with sun exposure.

Cellugy

Seed Round in 2020
Cellugy is a biotechnology company developing cellulose-based materials to replace single-use plastics. It uses a fermentation platform that converts renewable resources into natural bio-cellulose, delivering cellulose with quality comparable to natural sources while offering competitive economics and a smaller environmental footprint. By substituting petrochemicals in products with this bio-cellulose, the company aims to maintain production momentum and performance. The technology enables the production of different grades and qualities of cellulose, enabling applications across multiple industries, including personal care, packaging, textiles, and food. The company focuses on providing sustainable alternatives and reducing reliance on fossil-based plastics, positioning itself at the intersection of materials science and circular economy.

Ilya Pharma

Grant in 2020
Ilya Pharma AB, established in 2016 and headquartered in Uppsala, Sweden, specializes in developing 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.

Ilya Pharma

Venture Round in 2020
Ilya Pharma AB, established in 2016 and headquartered in Uppsala, Sweden, specializes in developing 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.
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