72 new companies join the EIC Scaling Club which aims to turn 20% of its members into unicorns

72 scale-ups from 23 countries across Europe have been selected to join the European Innovation Council's (EIC) Scaling Club – an exclusive community of 120+ most promising deep tech scale-ups from the region. The newcomers to the Club were announced at the Scale 100 Forum, a community event held on 21-22 October in Athens, Greece. 

See the full list of the companies enrolled below.

The EIC Scaling Club will assist the hand-picked deep tech scale-ups with fundraising support, leadership mentoring and coaching, corporate partnership identification and matchmaking, media visibility, recruitment, and much more. The Club aims to accelerate the growth of all its members, with a goal of scaling 20% of them into unicorns. 

Our EIC Scaling Club proudly supports a diverse group of 120 companies, actively operating across ten prominent deep tech markets, which have collectively raised over €3.4 billion to date. With the backing of more than 400 dedicated club members, these companies are well-positioned to address key global challenges within their respective industries, and I have no doubt they will continue to grow and realise their full potential.       

Teresa Cunha, Lead at EIC Scaling Club

The selected deep tech companies fall within six predefined market sector opportunities: 

• Agri & Food Tech,
• Batteries & Energy Storage, 
• Cardiovascular Therapies, 
• Clean Fuels & Hydrogen, 
• New Biotech Platforms,
• New Space Tech.

Companies for the EIC Scaling Club membership are nominated by various stakeholders – investors, mentors, agencies and public funds, media, and other industry experts. The final decision rests with the investors' jury, which seeks scale-ups with strong management, innovative technology, a robust market strategy, and a high potential for meaningful, scalable impact. The priority is given to diverse teams and sustainable growth trajectories.

Also announced today is the launch of the EIC Trusted Investor Network, bringing together over 50 of Europe’s leading technology venture capitalists and investors. This network aims to accelerate co-investments with the EIC Fund and provide more finance to high-potential startups selected by the EIC.

About the EIC Scaling Club

The EIC Scaling Club is a curated community where 120+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators, and other industry stakeholders to spur growth.

The deep tech companies are carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.

The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.

For more information:

Krista Krumina: kristatech [dot] eu (krista[at]tech[dot]eu)

Additional information

Companies accepted to the EIC Scaling Club on 21 October 2024.

Agri & Food Tech

1. Agriodor (France)
2. Algaenergy (Spain)
3. Arborea (Portugal) 
4. Brite Solar (Greece)
5. Fresh Inset (Poland)
6. Green spot tech (France)
7. Kern Tec (Austria)
8. Livin Farms (Austria)
9. N2 Applied (Norway)
10. Protealis (Belgium)
11. Trapview (Slovenia)
12. Vivici (Netherlands)

Batteries & Energy Storage

1. ACCURE Battery Intelligence GmbH (Germany)
2. Basquevolt (Spain)
3. C2C-NewCap (Portugal)
4. Circu Li-ion S.A. (Luxembourg)
5. cylib GmbH (Germany)
6. ElevenEs (Serbia) 
7. Energy Dome (Italy)
8. ENERGYNEST (Norway) 
9. Enerpoly (Sweden)
10. Hyme Energy (Denmark)
11. Mecaware (France)
12. UP Catalyst (Estonia) 

Cardiovascular Therapies

1. AMT Medical (Netherlands)
2. AnaCardio AB (Sweden)
3. Anaconda Biomed (Spain)
4. Aortyx SL (Spain)
5. Cardiawave (France)
6. Checkpoint Cardio (Bulgaria)
7. contextflow GmbH (Austria)
8. CorWave (France)
9. Gradient Denervation Technologies (France)
10. Ligence (Lithuania)
11. RDS (France)
12. Sentante (Lithuania)

Clean Fuels & Hydrogen

1. Battolyser Systems (Netherlands)
2. Dynelectro ApS (Denmark)
3. Elcogen Group Plc (Estonia)
4. HYDROGEN ONSITE SL (Spain)
5. Hydrogenious LOHC Technologies GmbH (Germany)
6. INERATEC (Germany) 
7. Jolt (Spain)  
8. Naco Technologies (Latvia)
9. Nordic Electrofuel AS (Norway)
10. PowerUP Energy Technologies (Estonia)
11. Sakowin (France)
12. Zeleros (Spain)

New Biotech Platforms

1. Amadix (Spain) 
2. Arctic Therapeutics (Iceland) 
3. Asgard Therapeutics AB (Sweden)
4. Cellply (Italy)
5. Convert Pharmaceuticals (Belgium)
6. Elypta (Sweden)
7. GeneCode Ltd. (Estonia)
8. Glycanostics, s.r.o. (Slovak Republic)
9. MiMARK Diagnostics SL (Spain)
10. Osivax (France)
11. Ribbon Biolabs (Austria)
12. Sensius (Netherlands)

New Space

1. Aldoria (France)
2. Aurora Propulsion Technologies Oy (Finland)
3. Cailabs (France) 
4. Caracol S.r.l. (Italy)
5. constellr GmbH (Germany)
6. EnduroSat (Bulgaria)
7. HyImpulse Technologies GmbH (Germany) 
8. Mbryonics Ltd (Ireland)
9. OQ Technology (Luxembourg) 
10. PLD Space (Spain)
11. Rocket Factory Augsburg AG (Germany)
12. U-Space (France) 

Press release of he European Commission