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Circular bioeconomy start-up receives €2 million from EIC Fund

In The News 20 May 2021 EIT Climate-KIC supported Lixea (formerly Chrysalix Technologies) has received a €2 million investment from the European Innovation Council (EIC) Fund. The company has invented a process that uses waste materials and sustainable biomass to support a circular bioeconomy an alternative to today’s polluting and wasteful petrochemical industry. The funding will be used to reinforce the continued operation of Lixea’s plant and support process optimisation. Currently, society relies heavily on crude oil and products are discarded once used. Lixea is attempting to address these issues with a patented process that uses novel, low-cost and environmentally-friendly solvents known as ionic liquids to convert waste wood, agricultural by-products and sustainably-grown biomass into high-quality intermediates for sustainable chemicals, materials and fuels.

Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT

Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT

Nestwave Secures Additional Capital to Accelerate Deployment of Low-Power Geolocation Solutions for the IoT European Innovation Council Fund, Sofimac Innovation and The Faktory Fund Back Nestwave Innovation and Vision Nestwave, a provider of low-power geolocation IP and cloud services for Internet of Things (IoT) applications, today announced that it has secured a €2.4 million round of financing from the European Innovation Council, the European Commission s newly established venture capital fund, and from current investors Sofimac Innovation (Paris, France) and The Faktory Fund (Liege, Belgium). The new financing round will enable Nestwave to further accelerate the rollout of its hybrid-signal global navigation satellite system (GNSS) and cellular positioning technologies.

NIL Technology raises 26 million euros to accelerate manufacturing of optical solutions for 3D sensing

Share: Copenhagen, Denmark – February 24, 2021 – NIL Technology (NILT), a specialist in advanced optical solutions has carried out a financing round of 26 million euros (USD 31 million). The financing was co-led by Jolt Capital, NGP Capital and Vaekstfonden, with EIC Fund as a new significant investor. Over the last two years, NILT has developed unique solutions for optical components that take optical sensing and 3D imaging to a new level with respect to performance, efficiency, compactness, and material consumption. 3D sensing is a pioneering feature for smartphones, consumer products, AR/MR, autonomous vehicles, etc., where cutting edge real-time sensor technologies, such as face- and gesture recognition or monitoring of surroundings are wanted.

TFL's pension scheme invests millions in Chinese firms linked to genocide