EIT Health-supported start-ups among top innovative companies in Europe
Ligence and .lumen have been selected by the European Commission to receive EUR 627 million of EU funding, along with 97 other innovative companies and SMEs. The Lithuanian and the Romanian start-ups have both been successful participants of various EIT Health programmes in the past.
The news that the European Commission have included Ligence and .lumen among the recipients of grants and/or equity investments up to a maximum of EUR 17.5 million may be the best Christmas gift for the EIT Health supported start-ups. According to the European Innovation Council summary, the shortlisted teams were selected following a rigorous process, introduced under Horizon Europe, involving an ideas screening stage, and full applications assessed by external experts and an interview with a jury of experienced investors and entrepreneurs.
EIT Health and EIC have been working together for a healthier Europe: as part of the Horizon 2020 funding programme they signed a year-long pilot collaboration that seeks to create synergies between the two organisations for the purpose of enhancing Europe’s innovation and breakthrough technologies in healthcare”.
Winners emerging from EIT Health programmes
Ligence, working on software innovations to reduce the workload on medical teams – won EIT Health InnoStars Awards, following participation in the EIT Jumpstarter in 2019.Team received mentoring, business training and financial support to develop their solution and validate it with the market.
.lumen won Grand Final of the Headstart programme in 2020, receiving mentoring and financial support. The Romanian start-up that has developed special glasses to empower the visually impaired, was a winner of EIT Health’s Healthy Longevity Catalyst Award and received support from EIT Health Catapult. Recently .lumen has also started cooperation with Kaufland Romania (hyperlink).
“These are excellent teams. We are happy that both of them could so quickly experience the positive results of working with EIT Health in the early phase of building their businesses. I hope they will inspire even more talents from Central or Eastern Europe”, said Tamas Bekasi, EIT Health InnoStars.