Meet the 12 finalists of the Innovation Radar Prize 2023
We are thrilled to announce the 12 finalists of the Innovation Radar Prize 2023, which will pitch in front of a jury panel and an audience of potential investors during the Innovation Radar Summit 2023.
The Innovation Radar Prize is a unique opportunity to give visibility to those innovators showing the most promise on the journey of commercialisation. A short list of innovations was selected from over 200 applicants by the Innovation Radar Committee and Dealflow.eu Committee and submitted for open voting to all citizens. The open voting gathered more than 1400 voters and was weighed against the judgment of outside evaluators, experts in the field.
The Innovation Radar Summit will take place on 13 November at Microsoft Lisbon, very close to the Web Summit also happening in the same week.
The event is open to everyone:
Check out all details!
mjn, Spain, www.mjn.cat
Jordina Arcal – Deputy CEO
Epilepsy is a worldwide chronic brain condition affecting approximately 50 million individuals. The primary concern is the sudden, unforeseen seizures that can cause serious accidents, particularly challenging for drug-resistant patients. The company mjn adress this global issue with a wearable medical device. This device is known for its clinical accuracy, provides early alerts to individuals living with drug-resistant epilepsy and their caregivers, warning them 1 to 3 minutes before a seizure occurs. By continuously monitoring brain activity with EEG-level precision through a discreet earpiece and utilizing embedded artificial intelligence algorithms, MJN-SERAS enhances safety, reduces accidents and anxiety, and ultimately improves the quality of life for those affected by this chronic condition.
Pharmista Technologies, Sweden, https://www.pharmistatechnologies.com/
Alice Mattsson – CEO
Women have been turning to the pregnancy test for decades but the problem is that available tests are difficult to interpret, pricy and most importantly, are single-use only. Pharmista Technologies want to take advantage of this underserved 1,5 BN market by developing the world’s first reusable pregnancy test, being easy to interpret, hygienic to use and 99 % accurate. This in turn will increase convenience-levels, eliminate the risk of miss-interpretation since the results will be displayed digitally , and lastly, reduce the consumption of hazardous, single-use plastic products. Therefore, their innovation has a great potential to disrupt not only the pregnancy testing market, but the immunoassay market in whole.
Anne-Lise Heggland – CEO and co-founder
Podbike, in the pursuit of revolutionizing personal mobility, has transformed the niche electric-assisted velomobile market into an appealing, mass-market phenomenon. Their innovative Podbike® FRIKAR® is a fully enclosed, weatherproof e-bike that combines car-like comfort with active mobility for short-distance journeys. With cutting-edge technology and a patented personal transport platform, Podbike offers a sustainable alternative that minimizes environmental impact while addressing practicality and safety concerns. This license-free, chainless e-bike is a game-changer, making cycling an attractive and eco-friendly choice for daily transportation.
ZYMVOL, Spain, www.zymvol.com
Fátima Lucas – CEP
ZYMVOL® pioneers green chemistry through computer simulations, harnessing the power of enzymes to accelerate industrial processes. While enzymes offer immense potential, the majority found in nature are unsuitable for industrial use. ZYMVOL® addresses this need by developing and optimizing enzymes, catering to industries like food, animal feed, personal care, and pharmaceuticals. Their groundbreaking software platforms enable faster and cost-effective enzyme discovery and design, maintaining an impressive 70-80% success rate. With plans to expand through AI-powered out-licensing, ZYMVOL® is poised to lead the way in green chemistry, offering sustainable enzymatic solutions to drive innovation and reduce environmental impact.
ADEX, Spain, www.adexcop.com
José Martinez – CEO
Control systems currently applied to industrial processes may be based on different methodologies, but always use PID controllers. Control parameters are tuned for certain operating conditions, but when the process operating conditions change throughout its operation, these parameters can become detuned, deteriorating control performance, and introducing process instability.
The fundamental difference between ADEX Technology and current control systems is that ADEX is based on a Self-Tuning Artificial Intelligence (ST AI) capable of identifying in real time the process dynamics and their variations with time. It accurately predict in real time the process variables‘ evolution and compute control actions that make the predicted evolution equal to the desired evolution, thus optimizing process performance. ADEX has bridged the gap between theory and practice that has existed for decades in process control, solving the so-called Control Problem of industrial processes.
C2C-NewCap, Portugal, https://www.c2cnewcap.com
André Mão de Ferro – CEO
C2C-NewCap is a Portuguese startup that develops supercapacitor-based solutions for automotive, stationary and electronics applications. Its first product, GO-START, is a supercapacitor coupled with a battery to replace the lead-acid batteries typically used in trucks for engine cranking. GO-START employs an aqueous, non-flammable electrolyte and enables plug-and-play installation. This solution provides energy for the hotel load (unlike any supercapacitor for engine starting), has an increased lifetime, decreasing truck maintenance periods, ensures cranking even when the batteries are depleted, and avoids idling, saving 2000€ per year just in fuel.
Carbon Waters, France, https://www.carbon-waters.com
Alban Chesneau – CEO
Carbon Waters developed Graph’Up. By harnessing the exceptional strength-to-weight ratio of graphene, they are redefining the balance between strength, durability, and weight reduction. They are commited to revolutionize the industry by providing polymers that enhance performance, efficiency, and sustainability, driving the transition to electric vehicles and renewable energy sources while combating climate change.
Sustonable, Netherlands, https://www.sustonable.com/
Laurens van Graafeiland – CEO and founder
Sustonable is a circular design surface that uses post consumer recycled plastic bottles, recycled glass and natural stone. The decorative surface material can be used for kitchen tops, wall panels and other furniture. They have already reached 70% recycled content by using plastic waste and recycled glass. They decrease the need for natural stone by 80%. Their material can be re-used in our process instead of being downcycled.
AI & SMART DEVICES
BatteryCheck, Czech Republic, www.batterycheck.com
Michal Satinsky – CEO
BatteryCheck helps companies safely operate the batteries they use inside of their devices. Instead of waiting for battery-related device failures, we provide continuous monitoring, and alerts, increasing battery life and optimizing energy usage. Predictive battery analytics service is designed to provide real-time insights into battery health and predict potential battery issues before they occur.
Comucore, Finland, www.cumucore.com
Mika Skarp – Senior Project Manager
Cumucore Oy specializes in enhancing industry efficiency and energy savings through automation and AI functionality.
Comucore provides 4G, 5G and 6G Core products and services to be used in non-public networks. They have focused on Industry 4.0 vertical and provide 5GLAN and TSN features. They have their own local frequency licenses in Finland, and they are managing the Aalto university network that can be used for testing purposes. The company is privately owned and has 20 employees at the moment. Company management has over 100 years experience from mobile network business. Experience covers both infrastructure and handset side from standardization to product development, product management and sales. Cumucore is based in Espoo, Finland.
InSilicoTrials Technologies, Italy, insilicotrials.com
Luca Emili – CEO
The life science industry has long faced the lengthy and costly process of developing new medical products. Clinical trials are a crucial step in the drug development process, but are also time-consuming, costly, and pose risks to patients. Digital Twin and Biosimulation are the answer to this problem. InSilicoTrials Technologies addresses the need for more efficient and effective clinical trials in the pharma industry by developing a new cloud-based platform of in silico tools to support new medical products‘ development and regulatory submission.
SpinDrive, Finland, https://spindrive.fi/
Nikita Uzhegov – COO
SpinDrive solves 24 BEUR special bearing problem by providing active magnetic bearings. Magnetic bearings are levitating the rotational part of the machine completely eliminating friction. They consist of the controller, sensors and actuators and have a similar operating principle as the Maglev train. This enables superior performance at higher rotational speeds, at least 15% lower energy consumption and CO2 emissions as well as completely oil-free operation. The IoT condition monitoring system has built-in displacement sensors which constantly gather data from the costumers equipment to prevent failures and enable predictive maintenance.
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