The Innovation Fund, founded in 2015 and based in Schaerbeek, Belgium, is a venture capital firm that focuses on investing in a diverse range of sectors, including healthcare services, life sciences, material science, biosciences, process technology, and recycling technology. The firm specifically targets companies involved in healthcare devices, supplies, and commercial services, as well as businesses operating in the fields of cosmetics, advanced materials, and nanotechnology. By supporting innovative companies across these industries, The Innovation Fund aims to foster growth and development in sectors that contribute to advancements in health, sustainability, and technology.
Aloxy specializes in providing industrial Internet of Things (IoT) solutions for monitoring manual valve positions in various process industries, including chemical, oil, and gas. The company offers a range of services such as valve position monitoring, emergency shower management, line blind management, device management, network monitoring, and data integrity. Aloxy's solutions are designed to enhance operational safety, efficiency, and sustainability by utilizing modular systems that incorporate advanced sensors. These sensors are capable of detecting environmental factors such as temperature, atmospheric pressure, vibrations, movement, inclination, rotation, and magnetic fields. By automating processes and delivering actionable insights, Aloxy aims to support its clients in optimizing their industrial operations.
Fyteko
Series B in 2025
Fyteko is an agtech company founded in 2014 and based in Brussels, Belgium. The company focuses on the development and production of advanced plant biostimulants designed to enhance crop resistance to abiotic stressors, such as drought and salinity. By utilizing bio-based technologies, Fyteko aims to improve agricultural productivity and quality while addressing the environmental impacts of farming practices. Their innovative biomolecule solutions support farmers in cultivating healthier crops, ultimately contributing to sustainable agricultural practices.
Graftys
Venture Round in 2022
Graftys is an early-stage company based in Aix-en-Provence, France, specializing in advanced bone biologics. The company develops synthetic bone biomaterials specifically designed for reconstructive orthopedic surgery. Graftys offers a range of innovative and fully injectable calcium phosphate bone graft substitutes that are tailored for various clinical applications. By focusing on safety and quality, Graftys aims to provide effective solutions for patients undergoing bone reconstructive and trauma surgery.
Aloxy
Venture Round in 2022
Aloxy specializes in providing industrial Internet of Things (IoT) solutions for monitoring manual valve positions in various process industries, including chemical, oil, and gas. The company offers a range of services such as valve position monitoring, emergency shower management, line blind management, device management, network monitoring, and data integrity. Aloxy's solutions are designed to enhance operational safety, efficiency, and sustainability by utilizing modular systems that incorporate advanced sensors. These sensors are capable of detecting environmental factors such as temperature, atmospheric pressure, vibrations, movement, inclination, rotation, and magnetic fields. By automating processes and delivering actionable insights, Aloxy aims to support its clients in optimizing their industrial operations.
SENSE in
Venture Round in 2022
SENSE specializes in manufacturing advanced monitoring solutions that utilize thermomechanical sensors to detect deformation, pressure, temperature, humidity, and other critical parameters. The company's products are designed for real-time or periodic evaluation of structural integrity, providing alerts for abnormal behavior, threshold exceedances, and potential damage. Targeting industries such as aeronautics, automotive, renewable energy, and civil engineering, SENSE integrates non-intrusive resistive sensors into composite structures during manufacturing. These sensors work in conjunction with wireless data acquisition systems and user-friendly interfaces, delivering reliable and cost-effective monitoring solutions. By enabling customers to enhance safety and optimize maintenance costs, SENSE plays a vital role in the development of safer and more efficient infrastructures.
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.
Saturne Technology
Venture Round in 2022
Saturne Technology, based in Sandweiler, Luxembourg, specializes in additive manufacturing and laser technologies, including laser cutting, welding, drilling, and cladding. The company utilizes Selective Laser Melting (SLM) to produce metal additives for various industries, including civil and military aeronautics, aerospace, automotive, medical, nuclear, art and jewelry, and food processing. By focusing on high-precision parts with complex designs, Saturne Technology caters to a diverse array of sectors, providing custom-designed, laser precision-based components. Founded in 2001, the company exports its products to markets in Europe, the USA, and Mexico, establishing a strong international presence in the advanced manufacturing landscape.
Timeseer.AI
Seed Round in 2022
Timeseer.AI is a developer of a low-code platform focused on time series data operations and observability. The company aims to enhance the value of industrial Internet of Things (IIoT) data, enabling businesses to treat data as a valuable asset. By integrating machine learning and natural language processing, Timeseer.AI prepares time-series analytics to help organizations extract meaningful statistics and insights from their data. The platform is designed to support augmented analytics, facilitating informed decision-making in the connected industry economy.
Daphne Technology
Series B in 2021
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.
VOCSens
Seed Round in 2021
VOCSens is a specialized manufacturer of microelectronic gas sensors and environmental cameras, focusing on advanced nanotechnology for sensing materials. The company has developed the EnviCam®, an innovative environmental camera designed to visualize chemical and biochemical molecules that are typically invisible. Utilizing its proprietary manufacturing process, CMOSEnvi™, VOCSens integrates these cutting-edge sensors with CMOS technology commonly found in electronic chips. Their products are equipped with artificial intelligence-based algorithms that accurately convert raw electrical signals into concentration data. This technology supports various industries, including agriculture, food, chemicals, wastewater, and pharmaceuticals, by providing essential insights and enabling better control of industrial emissions.
Cognivia
Series B in 2019
Cognivia specializes in creating analytical tools that enhance and expedite the clinical development of new medicines. The company focuses on developing predictive techniques that improve the clinical evaluation of drugs and other therapeutics. By addressing key sources of variability in clinical trial data, Cognivia enables clients to better identify and manage challenges, ultimately leading to more efficient and effective clinical trials.
Graftys
Series A in 2019
Graftys is an early-stage company based in Aix-en-Provence, France, specializing in advanced bone biologics. The company develops synthetic bone biomaterials specifically designed for reconstructive orthopedic surgery. Graftys offers a range of innovative and fully injectable calcium phosphate bone graft substitutes that are tailored for various clinical applications. By focusing on safety and quality, Graftys aims to provide effective solutions for patients undergoing bone reconstructive and trauma surgery.
Daphne Technology
Series A in 2019
Daphne Technology SA is a climate technology company based in Ecublens, Switzerland, founded in 2017. The company specializes in developing a catalyst-free, nano-technology aimed at reducing air emissions for industries such as petrochemical, power, and transportation. Its patented solutions are designed to be miniaturized, making them particularly suitable for marine vessels. By effectively breaking down toxic pollutants into non-hazardous elements, the technology not only meets international and national regulatory requirements but also offers significant cost advantages. It allows for a substantial reduction in operating costs without necessitating a change in fuel type, thereby enabling cleaner emissions for ships using current and future fuels, including ammonia and hydrogen.
Aloxy
Series A in 2018
Aloxy specializes in providing industrial Internet of Things (IoT) solutions for monitoring manual valve positions in various process industries, including chemical, oil, and gas. The company offers a range of services such as valve position monitoring, emergency shower management, line blind management, device management, network monitoring, and data integrity. Aloxy's solutions are designed to enhance operational safety, efficiency, and sustainability by utilizing modular systems that incorporate advanced sensors. These sensors are capable of detecting environmental factors such as temperature, atmospheric pressure, vibrations, movement, inclination, rotation, and magnetic fields. By automating processes and delivering actionable insights, Aloxy aims to support its clients in optimizing their industrial operations.
Univercells
Series B in 2018
Univercells is a company specializing in high-density, low-cost biomanufacturing solutions aimed at enhancing the production of biologics, including antibodies, proteins, and vaccines. The company leverages innovative engineering and proprietary technologies, such as single-use systems and continuous process intensification, to significantly reduce capital investments by over 75% and the cost of goods by up to 90%. Univercells offers a range of services, including scale-X hydro, scale-X carbo, and NevoLine, which support both research and development and commercial-scale production of biologics. Additionally, the company provides integrated services like equipment confirmation, capacity and facility design, and bioprocess excellence, facilitating the scalability of cell and gene therapy manufacturers from clinical trials to commercial manufacturing. Through its commitment to making biologics more accessible and affordable, Univercells addresses critical global health challenges.
Zeopore
Seed Round in 2018
Zeopore Technologies NV, founded in 2017 and based in Leuven, Belgium, specializes in producing mesoporous zeolite for the refining and petrochemical industries. The company focuses on developing mesoporisation technologies that enhance efficiency in catalytic refining processes. Zeopore offers a range of products and services, including zeolite catalysts, catalysis, post-synthetic modification, and molecular sieve solutions. Their advanced technology aims to provide next-generation zeolite catalysts that improve performance while reducing costs for clients involved in petrochemical conversions, bio-renewable feeds, and plastic waste conversion.
PharmaFluidics
Venture Round in 2018
PharmaFluidics is a spin-off from the Vrije Universiteit Brussel that specializes in developing innovative micro-chip-based chromatography columns for applications in biomarker detection, diagnostics, and drug research and development. The company focuses on creating integrated milli- to nano-engineered solutions tailored for mixing, separation, and reaction processes, leveraging its expertise in chemical engineering and micro-fabrication technology. By providing high-quality, custom solutions, PharmaFluidics aims to enhance the sensitivity and accuracy of detecting active compounds in complex biological samples, including biopsies and proteome digests. This approach supports researchers in their efforts to achieve more effective analytical separations, ultimately benefiting the chemical and life sciences industries.
REIN4CED
Seed Round in 2017
REIN4CED specializes in the development of a fiber-strengthened composite material designed to enhance the performance of bicycle frames. By combining carbon composites with specially engineered steel fibers, the company creates a material that offers superior impact resistance while maintaining high stiffness and low weight. This innovative approach allows for the production of durable and lightweight bicycle frames, providing cyclists with enhanced safety and longevity in their equipment.
Blue Foot Membranes
Seed Round in 2017
Blue Foot Membranes is a start-up company founded in 2017 in Lommel, Limburg, specializing in the production and commercialization of the Integrated Permeate Channel (IPC™) technology. This unique, patented technology is designed for use in Membrane Bioreactors, specifically aimed at the treatment of industrial and municipal wastewater. The company manufactures washable flat sheet membranes that offer enhanced fouling control, resulting in improved filtration efficiency. By enabling industries and municipalities to effectively reuse wastewater, Blue Foot Membranes contributes to more sustainable water management practices.
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
Acar'Up 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 is a Belgian company based in Antwerp that manufactures industrial smart glasses designed to facilitate digital transformation for enterprises. The smart eyewear supports frontline workers across various sectors, including maintenance, logistics, quality control, telemedicine, and education, by providing hands-free remote assistance, digital work instructions, and pick-by-vision capabilities. Utilizing the processing power of smartphones, Iristick's glasses minimize radiation exposure, thereby offering a cost-effective solution for industrial sites. The company has gained recognition for its innovative approach, evidenced by awards such as the Red Dot Award and funding from the H2020 European Commission Innovation Grant, alongside holding multiple patents. Iristick's smart glasses are currently being tested and deployed by customers around the globe.
Aerosint
Seed Round in 2017
Aerosint, established in 2016 and headquartered in Liège, Belgium, specializes in the research and development of innovative additive manufacturing processes. The company's core project focuses on creating a zero-waste polymers powder bed 3D printing process. Aerosint's unique selective powder recoating technology enables multimaterial printing by selectively depositing fine powder voxels line by line, reducing waste and lowering costs, particularly for high-performance polymers.
MATHYM
Venture Round in 2016
Mathym is a biomedical company specializing in the development and supply of colloidal nanomaterials primarily for dental applications. The company focuses on creating nano-dispersions that are integral to various industries, including dental, fine ceramics, photonics, displays, biomedical, and semiconductor manufacturing. These nano-dispersions enhance critical properties in medical devices by ensuring a steady and homogeneous dispersion of nanoparticles in liquids, facilitating improved research and development in these fields.
Fyteko
Seed Round in 2016
Fyteko is an agtech company founded in 2014 and based in Brussels, Belgium. The company focuses on the development and production of advanced plant biostimulants designed to enhance crop resistance to abiotic stressors, such as drought and salinity. By utilizing bio-based technologies, Fyteko aims to improve agricultural productivity and quality while addressing the environmental impacts of farming practices. Their innovative biomolecule solutions support farmers in cultivating healthier crops, ultimately contributing to sustainable agricultural practices.
X4C
Seed Round in 2016
X4C specializes in developing advanced molecular coatings for life science applications, focusing on in vitro diagnostics. The company utilizes innovative monolayer chemical coating technology to create robust organic monolayers that can be easily modified, allowing for enhanced functionality of various substrates. Their product offerings include nanoparticles and calixarenes, along with custom services tailored to meet specific industry needs. X4C's coatings are designed for a range of applications, including diagnostics, medical devices, electronics, and optics, ensuring that healthcare professionals can maintain the inherent properties of materials while enhancing their performance.
TrendMiner
Venture Round in 2016
TrendMiner is an advanced industrial analytics platform that focuses on real-time monitoring and troubleshooting of industrial processes. Founded in 2008 and headquartered in Belgium, with additional offices in the U.S., Germany, Spain, and the Netherlands, TrendMiner enables industrial operations to collect, analyze, and visualize data effectively, facilitating smarter, data-driven decision-making. The platform employs a powerful analytics engine that processes time series data and incorporates predictive analytics, allowing clients to identify trends through pattern recognition and machine learning. TrendMiner has established strategic partnerships with leading companies, including Amazon, Microsoft, and Siemens, and offers standard integrations with various data historians, such as OSIsoft PI and Honeywell PHD. This comprehensive approach supports innovation, optimization, and sustainable growth in diverse industrial sectors.
Lisam Systems
Venture Round in 2016
Lisam Systems is a global provider of environmental, health, and safety (EH&S) compliance management software solutions, headquartered in Ecaussinnes, Belgium. Established in 1999, the company specializes in developing software that assists organizations in managing safety data sheets (SDS) and labels, ensuring compliance with regulatory standards. Its flagship product, ExESS, offers an enterprise-wide solution for creating, managing, and distributing GHS-compliant safety documentation, catering to various industries including chemicals, cosmetics, and specialty gases. Lisam Systems also provides a range of additional services such as software installation, customization, training, regulatory advisory, and technical support. With a focus on user-friendly technology and up-to-date regulatory content, Lisam serves over 800 clients worldwide, delivering innovative solutions to address the compliance challenges faced by manufacturers, distributors, and users of chemical products.
InOpSys
Seed Round in 2015
InOpSys NV is a company based in Mechelen, Belgium, that focuses on the development and construction of flexible, modular, and mobile units for onsite treatment of toxic wastewater. The company specializes in providing sustainable solutions for the purification of industrial wastewater streams, particularly for the chemical and pharmaceutical sectors. By enabling the recovery of water and raw materials for reuse, InOpSys contributes to improved water quality and assists industries in achieving their sustainability objectives.
PharmaFluidics
Venture Round in 2014
PharmaFluidics is a spin-off from the Vrije Universiteit Brussel that specializes in developing innovative micro-chip-based chromatography columns for applications in biomarker detection, diagnostics, and drug research and development. The company focuses on creating integrated milli- to nano-engineered solutions tailored for mixing, separation, and reaction processes, leveraging its expertise in chemical engineering and micro-fabrication technology. By providing high-quality, custom solutions, PharmaFluidics aims to enhance the sensitivity and accuracy of detecting active compounds in complex biological samples, including biopsies and proteome digests. This approach supports researchers in their efforts to achieve more effective analytical separations, ultimately benefiting the chemical and life sciences industries.
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