21 Oct 2024
72 companies selected for joining EIC Scaling Club
The European Innovation Council has announced that 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.
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.
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.
For more information: