European Innovation Council

Powerful Medical Secures €7.5M in Funding from European Innovation Council to Revolutionize Heart Attack Diagnostics with AI

Retrieved on: 
Friday, March 1, 2024

AALST, Belgium, March 01, 2024 (GLOBE NEWSWIRE) -- Powerful Medical leads the battle against cardiovascular diseases, the number one cause of death worldwide, with heart attacks accounting for the majority of these fatalities. The company's flagship AI-powered ECG interpretation platform, PMcardio, is setting a new standard in cardiac diagnostics, enabling healthcare professionals to detect acute heart attacks, also known as occlusion myocardial infarction, along with 38 other cardiac abnormalities at the first point of contact. The certified medical device analyzes any image of a 12-lead ECG and compares it against millions of previous patient records, enabling early and precise diagnosis—a critical gap in current healthcare practices.

Key Points: 
  • Powerful Medical, a pioneering medical device manufacturer, proudly announces being selected to receive a €2.5 million grant and a follow-on €5 million investment from the European Innovation Council (EIC) .
  • Chosen from over one thousand applicants , Powerful Medical stands out as a driver of innovation focused on transforming the field of cardiovascular diagnostics.
  • Backed by the European Innovation Council, Powerful Medical is escalating its clinical validation efforts and expanding its footprint throughout Europe.
  • Their commitment to innovation and improving patient care establishes Powerful Medical as a key player in transforming heart care with AI on a worldwide scale.

Dxcover Announces Three New Clinical Trials for Brain, Colorectal and Lung Cancer Detection

Retrieved on: 
Tuesday, January 9, 2024

Dxcover Limited , a clinical-stage diagnostics company pioneering multi-omic spectral analysis (MOSA) for early detection of multiple cancers, today announced it is initiating three pivotal clinical trials measuring efficacy of the company’s liquid biopsy technology for the detection of brain, colorectal and lung cancer.

Key Points: 
  • Dxcover Limited , a clinical-stage diagnostics company pioneering multi-omic spectral analysis (MOSA) for early detection of multiple cancers, today announced it is initiating three pivotal clinical trials measuring efficacy of the company’s liquid biopsy technology for the detection of brain, colorectal and lung cancer.
  • The company has launched its EMBRACE study, a 2,200-patient trial focused on the early detection of brain cancer.
  • Dxcover® Brain Cancer is a qualitative in vitro diagnostic (IVD) test analyzing blood serum by infrared spectroscopy to detect the signals indicative of brain cancer.
  • The Dxcover Brain Cancer test has been developed over four years with clinical support from NHS Lothian.

DTE Concludes a Total Investment Round of $16M in 2023

Retrieved on: 
Friday, December 22, 2023

“We're thrilled to successfully close a meaningful series A2 round of $16M this year, in a challenging funding environment,” stated Karl Matthiasson, CEO and Cofounder of DTE.

Key Points: 
  • “We're thrilled to successfully close a meaningful series A2 round of $16M this year, in a challenging funding environment,” stated Karl Matthiasson, CEO and Cofounder of DTE.
  • This breakthrough capability provides enhanced process control and decision support, empowering manufacturers and metals producers with unprecedented real-time information.
  • Kristinn Pálmason, Managing Director at Eyrir Vöxtur, commented: “We’re extremely enthusiastic about our investment in DTE.
  • We see immense potential in DTE’s innovative approach, which not only enhances operational efficiencies but also drives sustainability in a crucial industry.”

DTE’s Groundbreaking Technology Featured in "Innovation and Disruption Leaders" Docuseries

Retrieved on: 
Thursday, December 14, 2023

REYKJAVIK, Iceland, Dec. 14, 2023 (GLOBE NEWSWIRE) -- DTE, a leading innovator in process and quality control for the metals production and manufacturing industry, offers a glimpse into its innovative technology and its applications in a new documentary series, "Innovation and Disruption Leaders." The series showcases leading businesses and individuals who are reshaping industries and pushing the boundaries of what is possible.

Key Points: 
  • REYKJAVIK, Iceland, Dec. 14, 2023 (GLOBE NEWSWIRE) -- DTE , a leading innovator in process and quality control for the metals production and manufacturing industry, offers a glimpse into its innovative technology and its applications in a new documentary series, "Innovation and Disruption Leaders."
  • The series showcases leading businesses and individuals who are reshaping industries and pushing the boundaries of what is possible.
  • At the heart of DTE's breakthrough innovation is its real-time elemental analysis technology , an industry-first advancement that promises to revolutionize the whole metals industry.
  • This technology enables real-time process control, an unprecedented advancement that promises to minimize waste and optimize production efficiency in the energy-intensive metals industry.

FGen AG, a Ginkgo Bioworks Subsidiary, Awarded Funding Through European Innovation Council's Pathfinder Programme For Sustainable Milk Protein Production Project

Retrieved on: 
Tuesday, December 19, 2023

This is part of an international research consortium that aims to develop a new, sustainable approach to milk protein production using only carbon dioxide and electricity.

Key Points: 
  • This is part of an international research consortium that aims to develop a new, sustainable approach to milk protein production using only carbon dioxide and electricity.
  • The HYDROCOW team will work to genetically engineer hydrogen oxidizing bacteria (HOB) to convert carbon from CO2 gas and nitrogen from N2 into beta-lactoglobulin, a major whey protein found in cow's milk.
  • "The EIC supports the HYDROCOW project in its pursuit to develop sustainable bioproduction methods directly from CO2 and nitrogen compounds," said EIC Project Officer Olivier Dahon.
  • "EIC is supporting scientific innovation through our portfolio approach for funding research projects under the Pathfinder Challenge: 'Carbon Dioxide and Nitrogen Management and Valorisation.'

ONWARD® Reports Q3 Business Update and Year-To-Date Highlights

Retrieved on: 
Thursday, November 16, 2023

The study participant also received a wireless brain-computer interface (BCI), designed to initiate thought-driven movement when paired with ARC-IM.

Key Points: 
  • The study participant also received a wireless brain-computer interface (BCI), designed to initiate thought-driven movement when paired with ARC-IM.
  • ONWARD ARC-IM delivers targeted, programmed ARC-IM Therapy to the spinal cord to restore movement and other functions after SCI.
  • To date, ARC-IM Therapy has been applied across multiple clinical feasibility studies to restore mobility or stabilize blood pressure after SCI.
  • In September, the Company announced a partnership with Lovell Government Services (Lovell), a Service-Disabled Veteran-Owned Small Business (SDVOSB).

General Datatech (GDT) is Great Place to Work® Certified™ in US and India

Retrieved on: 
Tuesday, December 12, 2023

DALLAS, Dec. 12, 2023 /PRNewswire/ -- Global IT solutions provider General Datatech (GDT) is proud to announce that both their U.S. and India offices are Great Place to Work® Certified™.

Key Points: 
  • DALLAS, Dec. 12, 2023 /PRNewswire/ -- Global IT solutions provider General Datatech (GDT) is proud to announce that both their U.S. and India offices are Great Place to Work® Certified™.
  • Great Place To Work Certification recognizes employers who create an outstanding employee experience.
  • Ninety one percent of employees at GDT say it's a great place to work compared to 57% of employees at a typical U.S.-based company.
  • The Great Place to Work Trust Index Survey measures individual employee experiences on five dimensions of a high-trust company culture.

NOLEJ, a Trailblazer in AI Solutions for Education, Has Secured 3 Million Euros in Funding, Accelerating Its Expansion

Retrieved on: 
Wednesday, December 6, 2023

The funding round, led by Educapital and Square Knowledge Ventures, is a pivotal milestone in NOLEJ's growth trajectory.

Key Points: 
  • The funding round, led by Educapital and Square Knowledge Ventures, is a pivotal milestone in NOLEJ's growth trajectory.
  • A study by eLearning Guild shows that 75% of conventional course materials don't meet current student needs.
  • NOLEJ AI helps educators generate interactive eLearning modules up to 50 times faster than traditional methods.
  • Jonathan Denais, Investment Director at Educapital, asserts, "NOLEJ stands out as a European frontrunner in applying generative AI in education.

VSORA to Receive $13.18 Million in Funding from the European Innovation Council Accelerator Program

Retrieved on: 
Thursday, November 2, 2023

VSORA was selected as one of 47 companies from a total of 648 candidates receiving $369 million in grants and equity funding.

Key Points: 
  • VSORA was selected as one of 47 companies from a total of 648 candidates receiving $369 million in grants and equity funding.
  • “We are proud that the EIC endorsed our vision and ambition to enable a new computing hardware paradigm,” remarks Khaled Maalej, VSORA’s founder and CEO.
  • VSORA has also developed the Tyr™ family of PetaFLOPS computational companion chips to accelerate Level 3 (L3) through Level 5 (L5) autonomous driving and advanced driver-assistance systems (ADAS) platforms.
  • It is based on the VSORA award-winning AD1028 architecture, delivering between 400-trillion and 1,600-trillion operations per second with a power consumption of as little as 10W.

EU selects Element-E: Climate Tech 3Bee's revolutionary methodology to develop the first certified biodiversity credits

Retrieved on: 
Friday, November 3, 2023

MILAN, Nov. 3, 2023 /PRNewswire/ -- Italy is developing the first certified biodiversity credits: 3Bee, the climate tech company at the forefront of biodiversity protection through technology, has been selected by the European Innovation Council as part of its EIC Accelerator. 648 European companies submitted their written proposals by the June 2023 deadline: only 5 percent received funding.

Key Points: 
  • The EU recognizes 3Bee as the entity capable of developing biodiversity credits thanks to Element-E , the innovative terrestrial biodiversity monitoring protocol based on bioacoustics and remote sensing.
  • An innovative methodology, in line with the CSRD Directive and the Nature Restoration Law, that allows companies to improve and offset their impact on biodiversity.
  • MILAN, Nov. 3, 2023 /PRNewswire/ -- Italy is developing the first certified biodiversity credits: 3Bee , the climate tech company at the forefront of biodiversity protection through technology, has been selected by the European Innovation Council as part of its EIC Accelerator.
  • With the goal of bringing biodiversity credits to market within two years, 3Bee's revolutionary data- and technology-driven approach to biodiversity protection is a significant step towards achieving the goals of the EU Biodiversity Strategy by ensuring transparency, reliability and scalability.