Ireland’s chief scientist Mark Ferguson will lead the advisory board of the European Innovation Council, which is also funding Irish SMEs.
The European Innovation Council is a new body in its pilot phase, funded by the European Commission’s Horizon 2020 programme for research and development.
The European Innovation Council advisory board
The advisory board consists of 22 members and also includes:
- Jim Hagemann Snabe, Siemens;
- Herman Hauser, Amadeus Capital Partners; and
- Anita Krohn Traaseth, former CEO of Innovation Norway.
Funding Irish startups
According to Silicon Republic, seven Irish SMEs are due to receive EIC accelerator pilot grants:
- Coroflo (Dublin) for breastfeeding technology which monitors how much babies’ intake;
- CroíValve (Dublin), for the development of a non-surgical treatment for heart valve function and to reduce tricuspid regurgitation in patients who are a high risk for surgery;
- Bluedrop Medical (Galway), for an AI project to manage patients at risk of diabetic foot ulcers;
- Perfuze (Galway), developing a method to remove brain blood clots to treat acute ischemic stroke;
- Vetex Medical (Galway), for an early stage medical device intended to treat deep vein thrombosis (DVT) without drugs;
- Votechnik (Limerick), for producing an automated LCD recycling technology to be used globally; and
- Beats Medical (Dublin), for its tailored digital neurological and brain disorder therapeutics.
Approximately €16 million has been allocated to Irish startups by the European Innovation Council.
Carlos Moedas, Commissioner for Research, Science and Innovation has previously commented: “With the European Innovation Council, we don’t simply put money on the table. We create a whole innovation system to place Europe at the forefront in strategic technologies and innovation that will shape our futures such as artificial intelligence, biotechnology and zero-emission energy. We must focus on the needs of the innovators, who are the ones who will generate jobs, strengthen our global competitiveness and improve our daily lives.”
Source: Science Business