E-pitching event | Best EU-backed AI-ML innovators
We are thrilled to announce, together with the European Commission, an e-pitching event dedicated to Artificial Intelligence and Machine Learning. This event will take place on 19 April 2023 from 10:30 AM to 12:00 PM (CET), and will gather six of the most promising AI-ML EU-funded startups and a panel of invited jury members. The six innovators will introduce their disruptive businesses from fields such as Augmented Reality, wearable electronics, Industry 4.0, automatic text generation, EdTech, Web3, Metaverse, Drug Discovery, Biotech and Healthcare.
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The EU has been developing a strong approach to artificial intelligence grounded in the objectives of Europe for the Digital Decade. The European AI Strategy focuses on quality and trust, encouraging research and industrial growth while securing fundamental rights with the goal of turning the EU into a world-class hub for AI.
The EC presented the AI package in April 2021, which included a review of the Coordinated Plan on AI, a strategy to accelerate investments, implement programmes, and align policies with the current AI landscape.
The AI package also contains the AI Act, a proposal for regulation. The European Commission proposed three initiatives to build trustworthy AI: a European legal framework, a civil liability framework, and a revision of sectoral safety legislation. This first-ever legal framework addresses the potential risks of AI by proposing flexible rules and giving clear orientations, especially to cases that are not covered by national and EU legislations.
Regarding funding, the EC plans to invest €1 billion per year in AI through the Horizon Europe and Digital Europe programmes, which will attract private investments reaching €20 billion over this decade. In addition, the Recovery and Resilience Facility includes €134 billion for digital, which will allow Europe to become a worldwide leader in trustworthy AI.
Recently, in January 2023, the EU and the US announced an unprecedented AI agreement to accelerate the use of artificial intelligence in several sectors, such as Agriculture and Healthcare. This partnership will grant governments access to better AI models, allowing more efficient emergency responses, climate forecasting and electric grid management, for example.
Dealflow.eu’s AI-ML e-pitching will feature the following startups:
Youbiquo – IT Sector- AR/AI – Industry4.0
Youbiquo designs, develops, and produces smart devices for enterprises that want to leverage Augmented Reality and Artificial Intelligence in wearable electronics within an Industry 4.0 environment.
The company has exhibited at the main targeted international exhibitions and is currently engaged in European projects within the Horizon 2020 program with international research centers and corporate partners such as Airbus, Thales and Microchip.
The company promotes collaborations with universities and research centers and has participated in acceleration programs for which it has been selected in New York (Venture Out, 2016, Wall Street), in Vienna (Vienna Startup Package, 2018) and lastly in Dubai (StartAD – Corporate Sprint Accelerator, 2020). In March 2023, Youbiquo was a finalist of the Huawei Cloud Developer Competition Europe 2022, classified as 1st Runner-up.
€770K sought – Italy
Expansio – natural language processing
Expansio introduces natural language processing engine to corporations and public offices. Their solution automatically answers e-mails, tickets in a ticketing system and finds answers to questions in large sets of documents. It may be deployed on-premise to ensure data privacy.
They have received a grant of over 600 000 EUR. Expansio has delivered MVP to a few large companies.
€1.5M sought – Poland
OPT/NET – AI comprehensive products / real time monitoring
OPT/NET builds comprehensive AI products based on decades of experience in critical infrastructure. They deliver a series of advanced AI products designed for monitoring real-time data feeds where assuring business/service continuity is a must and failure is not an option.
Featured in 2023 Gartner Market Guide for AI in CSP Network Ops. Winner of 2x Copernicus Masters Challenges. Global AI4Good XPRIZE Semifinalist.
€2M sought – Netherlands
Bitext – AI / Automating text
Bitext is a data for AI company that has produced multilingual linguistic resources for top 5 NASDAQ companies in more than 70 languages. Now, they are focused on automating text generation and annotation for AI, in particular for chatbots. There is no way to automate customer service if we still generate data by hand, this is the problem Bitext wants to solve in the new chatGPT era.
€2 to 4M sought – Spain
CreativiTIC – EdTech / XR / Web3 / Metaverse
MetAClass Studio is an immersive AR/VR platform to democratize the access to XR technologies in a learning set, allowing users to create and experiment AI-enhanced multidisciplinary experiences, through a friendly no-code interface. They are developing the next AI learning engine for an intelligent educational metaverse.
More than 100K worldwide users with active B2C in-app and B2B subscription model revenue. Supported by Basque Country Government through the BIND 4.0 Accelerator Program. Metaverse Standards Forum Principal Member.
€3M sought – Spain
SoftMining – Drug Discovery / BioTech / Healthcare
SoftMining is an innovative AI-powered Drug Discovery company that has developed a comprehensive platform for computational assisted drug design. With over 15 years of academic research integrated into their development platform, SoftMining is developing an automated synthesis robotic platform that streamlines the process of synthesizing and testing new molecules, enabling it to generate potential leads with high precision and efficiency.
Designed 2 new antibiotics and anti-cancer molecules. Awarded €2M grants from EU. Recognized by UNESCO and IRCAI in the top 100 solutions for sustainability. Founded two subsidiaries in Switzerland and Singapore.
€6M sought – Italy
More about the Innovation Radar
The Innovation Radar is a European Commission initiative to identify high potential innovations and innovators in EU-funded research and innovation projects. Its goal is to allow every citizen, public official, professional and businessperson to discover the outputs of EU innovation funding and give them a chance to seek out innovators who could follow in the footsteps of companies such as Skype, TomTom, ARM Holdings, all of whom received EU funding in their early days.
To learn more about the Innovation Radar, visit https://www.innoradar.eu/
More about Dealflow.eu
Supported by the European Commission, Dealflow.eu discovers and supports the most promising EU-funded startups and connects them with relevant investors and corporates. The initiative was launched to help groundbreaking innovations secure the funding needed for their future commercialisation by offering them tailored support and matchmaking services.
To learn more about Dealflow.eu, visit https://dealflow.eu/
