Innovative Europe

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Innovative Europe
The European Innovation Council: novelties on Late-stage large-scale financing

The European Innovation Council: novelti...

Mar 12, 2026

European Innovation Council

Closing the late-stage financing gap is essential for the European Union to maintain its competitive edge in fast-moving disruptive technology sectors. Despite Europe retaining a strong global standing in driving innovation and creativity in several strategic industries, strong support is needed to ensure EU companies have access to large-scale financing.  Daniela Angione, National Delegate & National Contact Point for EIC (European Innovation Council) highlights the EU’s renewed push to support high‑growth innovators through the European Innovation Council.

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CrannMed Awarded €12.5 Million From European Innovation Council

CrannMed Awarded €12.5 Million From Euro...

Feb 26, 2026

European Innovation Council

Galway based medical device company CrannMed Ltd today announced that they have been approved for a recommended investment of up to €12.5m from the Horizon Europe European Innovation Council (EIC) Accelerator. CrannMed has developed a resorbable embolic microsphere called SakuraBead™. The first phase of the investment (€2.5m) will allow expansion of the technology to treat chronic inflammatory pain in different areas of the body.

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Closing the scale-up gap in innovation

Closing the scale-up gap in innovation

Mar 13, 2025

European Innovation Council

Strengthening the competitiveness and resilience of European industry has been the European Union’s primary focus for the past few years. Despite Europe having proven its resilience, future competitiveness needs to be ensured, particularly by focusing on the deployment and scaling up of digital technologies, deep tech innovation, clean and resource-efficient technologies, and biotechnologies within the European Union.

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Bio-based artificial lungs to change patients’ lives

Bio-based artificial lungs to change pat...

Sep 4, 2024

Cluster 1 Health

CellMembrane, a Horizon Europe project led by Irish medtech firm Smart Reactors, is developing a nanocellulose membrane that could transform the fortunes of those with lung disease around the world. “We’re taking woody plant matter, effectively like sawdust, processing it at a nanoscale level and building a scaffold that will act as an artificial lung,” explains Mark Brassil, Smart Reactor’s co-founder and CTO.

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