E-pitching event | Best EU-backed Artificial Intelligence innovators
We are thrilled to announce, together with the European Commission, an e-pitching event dedicated to Artificial Intelligence. This event will take place on 5 March 2024 from 10:30 AM to 12:00 PM (CET), and will gather six of the most promising AI EU-funded startups and a panel of invited jury members. The six innovators will introduce their disruptive businesses from fields such as Construction, Smart Water Management, Virtual Reality, Real Time Monitoring, Industrial Automation and Digital Health.
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The EU’s approach to artificial intelligence centres on the Europe’s Digital Decade objectives, emphasizing quality, trust, and fundamental rights. The European AI Strategy aims to boost research and industrial growth, positioning the EU as a leading AI hub. In April 2021, the European Commission introduced the AI package, comprising a review of the Coordinated Plan on AI and strategies to enhance investment and policy alignment. The AI Act, part of this package, proposes a regulatory framework to promote trustworthy AI, including legal and civil liability frameworks, and revisions to safety legislation. This framework addresses AI risks with flexible rules and clear guidance, particularly for areas not covered by existing legislation.
In December 2022, the Council of the European Union presented a general approach on the AI Act and, in June 2023, the European Parliament adopted its negotiating position on the AI Act, with 499 votes in favour, 28 against and 93 abstentions. In December 2023, the European Parliament and Council reached an agreement. Recently, in the end of January 2024, the European Commission launched an AI innovation package to support AI startups and SMEs. This package consists of “measures to support European startups and SMEs in the development of trustworthy Artificial Intelligence (AI) that respects EU values and rules”.
Furthermore, the European Commission launched in the end of 2022 the Regulation 2022/1925, commonly known as the Digital Markets Act (DMA), aiming to make the digital economy “fairer and more contestable”. The DMA defines criteria to identify “gatekeepers,” large digital platforms offering core services like search engines and app stores. Gatekeepers must adhere to obligations and prohibitions outlined in the DMA, which aims to regulate the power of major digital firms. The DMA works alongside existing EU competition rules without altering them. The DMA will guarantee a more equitable, secure and open AI ecosystem.
Dealflow.eu’s AI e-pitching will feature the following startups:
CDXi Solutions – Smart Water Management / Earth Observation Downstream Services
CDXi Solutions is an impact driven Business Intelligence company which offers spatial and multimodal AI analytics to support Green and Digital Transformation in public and industrial ecosystems. The company incorporates state-of-the-art research outcomes, in the fields of EO, Machine Learning and Computer Vision to provide sustainable solutions.
Confluence Challenge Award Winner (https://confluence-challenge.net/awards),
ESA BIC Greece Incubatee (https://esa-bic.gr/cdxi-solutions/)
300K€ sought – Greece
Beawre – Software for Critical Infrastructures/Construction
Beawre serves as digital co-pilots for builders and maintainers of critical infrastructure, integrating advanced artificial intelligence solutions and algorithms into the client’s environment, facilitating process automation and enabling proactive and predictive management of operational risks.
Winner CEMEX Ventures Contech Startup Competition. In CEMEX TOP50 ConTech Startups 2020. Winner Ferrovial Innovative Construction Awards 2021. Winner Exponential Changemakers 2022 program (Progreso).
730k € sought – Spain
Matsuko – IT / Communications/Spatial Computing / VR
Imagine talking to anyone who is far away and feeling their real presence. MATSUKO is a spatial computing app that lets you make holographic calls with 3D and AI. MATSUKO captures your real appearance and movements, and streams them as full 3D holograms using patented machine learning technology.
Winner SXSW Pitch Award 2022. CES Awards Best AI startup. Startup World Cup 2nd place.
Horizon 2020 Seal of Excellence by the EU Commission.
2M € sought – Slovakia
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 2022 and2023 Gartner Market Guide for AI in CSP Network Ops. Winner of 2x Copernicus Masters Challenges. Global AI4Good XPRIZE Semifinalist.
€3M sought – Netherlands
Selfback – Digital Health
SelfBack uses AI to reduce back pain. By leveraging the clinical data from successful back pain cases in Denmark and Norway, their Case Based Reasoning (CBR) engine improves the chances for successful outcomes. SelfBack is cleared for clinical use in the NHS and was recently also endorsed by the Belgian Back society.
Winner of Ramsay Santé Innovation prize 2023. SelfBack’s clinical evidence was ranked as the best in the World among all back pain apps by the English NICE.
3M€ sought – Denmark
https://www.selfback.dk/en/home
Roboception – Industrial Automation / Logistics / Laboratory Automation
Roboception gives ‘eyes and brains’ to robots. They offer smart robot cameras and application-oriented software modules that create advanced robot vision solutions that help solve next-level automation challenges in industrial environments, logistics or laboratories.
Red Dot Design Award 2019. Bavarian Innovation Award 2018. euRobotics Technology Transfer Award 2018. IF Design Award 2018. MM Best of Industry Award 2018. CODE_n Contest Photonics 4.0 2016.
3.5M€ sought – Germany
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/
