1Executive Agency for SMEs International Private Equity Market 2017
25-27 January, Cannes
35 innovative companies for your investments
1
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 2
© Executive Agency for Small and Medium-sized Enterprises (EASME), 2017.
Reproduction is authorised provided the source is acknowledged.
The information and views set out in this catalogue do not necessarily reflect the official opinion of EASME,
the European Commission
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contained, neither any person acting on their behalf.
© Pictures taken from Freepik http://www.freepik.com
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 3
Dear IPEM Participants,
The Executive Agency for Small and Medium-sized Enterprises (EASME) was set up by the
European Commission to manage a number of EU programmes. EASME awards grants worth
several hundred million euros per year to European companies and organisations in the area of
innovative SMEs (all sectors), Energy, Environment and Maritime affairs.
We are very pleased to participate in the 2017 edition of the International Private Equity Market.
We bring with us 35 high-flying, innovative companies. They are all supported by the Enterprise
Europe Network and/or the European Union's very competitive SME-Instrument grant scheme or
the Eco-Innovation programme. These companies represent some of the best investment
opportunities in small companies in Europe.
Since our programmes support many projects that are very close to market, we are keen to help
"our" companies find the investments they need for a successful market entry. Linking up with you,
the investor community, is therefore a strategic choice for us.
In turn, we bring added value by offering you to choose highly qualified projects, based on their
potential. We organise a very competitive selection process where external experts assess both the
technical and market value of each proposal. In some ways, this can be seen as "filtering"
particularly high quality proposals that you can easily find on our website, on an interactive map of
the SME Instrument champions.
We are also proud to support the Enterprise Europe Network, the world's largest support network
for small and medium sized enterprises (SMEs) with international ambitions. It has 3 000 experts
across 600 member organisations in more than 60 countries. Our member organisations are
experienced in mobilising private investors at local, regional and national level and we would like
that IPEM offers you the opportunity to be put in touch with the EEN. The Network can connect
you to valuable business projects and invite you to pitching sessions they organise.
I wish you all a successful IPEM 2017 and I look forward to the outcome of this event that is a new
start for establishing an investment environment that is lean and efficient for European companies
and for you as investors.
Marco Malacarne
EASME Acting Director
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 5
EASME at IPEM
Get to know our companies
EASME and the Enterprise Europe Network have selected 40 high-flying, innovative
companies which we have brought to IPEM. They are all supported by the Network and/or
the European Union's highly competitive SME-Instrument grant scheme or the Eco-
Innovation Programme. These companies potentially represent some of the best investment
opportunities in small companies in Europe.
Right now, you are looking at the detailed catalogue with individual profiles of each of the
35 companies. Furthermore, EASME organises two pitching sessions - Healthtech (25/1 at
16:30) and Fintech (26/1 at 16:30) which you are very welcome to attend.
If you want to meet some of these companies, just pay a visit to our stand and we will put
you in touch with their representative at the event. The "Entrepreneur Happy Hour" –
sponsored by EASME - on 25/1 at 17:30 is another good opportunity.
The Enterprise Europe Network
The Enterprise Europe Network is the world's largest support network for small and
medium sized enterprises (SMEs) with international ambitions. It has 3 000 experts across
600 member organisations in more than 60 countries. Member organisations include
chambers of commerce and industry, technology centres, and research institutes. The
Network helps companies innovate, manage innovation processes efficiently and enter new
markets abroad. It also connects companies with investors. At EASME, we can put you in
touch with Enterprise Europe Network experts in your region. Some of these experts from
France, Italy, Greece and UK are present at our stand.
The European Investment Profile Portal
The European Investment Project Portal (EIPP) was established by the European
Commission in order to provide greater transparency about EU investment opportunities. It
is part of the Investment Plan for Europe and is designed to support investment in the real
economy. The Portal offers private and public project promoters in the EU a convenient
way to boost the visibility of their investment projects. EIPP show-cases these projects in a
structured, user-friendly way and attracts investors worldwide. Meet the people in charge
of this portal at our stand!
Our stand at IPEM
To meet our companies outside the pitching session, or to learn more about EASME, the
Enterprise Europe Network or the European Investment Project Portal, please visit our
stand right in front of the entrepreneur's forum.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 6
How to use this catalogue?
The companies are sorted by sectors. Nevertheless, many companies are active in different
ones. Therefore, it is recommended to go through the whole catalogue. The different
sectors are indicated just below the name of the company.
In the "investment information", you can see if the company has benefitted from any EU
grant. Both Eco-Innovation and the SME-Instrument projects are subject to strict
evaluation from external experts and the implementation of these projects require very
thorough internal management.
The SME Instrument Phases
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 7
List of Companies
Aurelia Turbines Oy 7
ETME Peppas & Co 8
Sensing & Control Systems S.L 9
BVB INNOVATE GMBH 10
Flexion Mobile Ltd 11
SIME DIAGNOSTICS LIMITED 12
Genes'Ink 13
CardLab Innovation ApS 14
SWORD Health 15
FIRST LIGHT IMAGING SAS 16
Think Silicon 17
Greenrail S.r.l 18
NAWATechnologies 19
MEAZON 20
NEXESS 21
Active Asset Allocation 22
Abacus Diagnostica Oy 23
Abomics 24
GOODGUT SL 25
HLD Healthy Life Devices Ltd. 26
PD Neurotechnology Ltd 27
mReh Sp z o.o. 28
CREVIS Sprl 29
TERRA HUMANA Clean Technology Development,
Engineering and Manufacturing Ltd 30
Gobbler Boats Ltd 31
BITTLE 32
Venyo Europe SA 33
VULOG 34
Hook Sistemas SL 35
Dutch Awearness 36
INNCEINNMAT, S.L 37
EcoRub AB 38
PLASTICOS HIDROSOLUBLES SL 39
Fiigees 40
SecludIT
La Mia Energia 41
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 8
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 9
Aurelia Turbines Oy (Finland)
Sector(s): Energy Client group : B2B
Business Project
Tony Hynes
Aurelia Turbines manufactures small (400 kWe) gas turbines that are based on the technology R&D of
Lappeenranta University of Technology (LUT). The turbines have very high efficiency (>40% against competing
turbines of 33%) and they are targeted for industrial usage. The high efficiency provides the customers very quick
pay-back times on their investments. The turbines are designed to utilise a wide variety of fuels, including non-
standard renewable fuels.
The primary target market is European small scale process industry. This industry represents approx 20% of the
domestic energy consumption and end users are seeking energy efficiency solutions, such as cogeneration of
power and steam, In these smaller sites the problem is that there are very few technologies available that can
deliver the energy efficiency. This is where our product has been initially designed. Have a look also:
http://aureliaturbines.com/applications/process-steam
We sell via distributors who are regional project developers / service companies that sell power plants to their
customers. The service of the turbines is being done by these same distributors,
We are moving from development to commercial deliveries. We have started to receive orders; up to December
we have closed orders worth 1.6 M€. We have LoI's worth 100 M€ from 3 distributors and are in discussions with
over 20. Aurelia was commended by Rushlight Awards earlier 2016, was selected as one of the top 30 energy
start-ups in Europe by Vaasa Energy Week and was one of the 5 Award winners of KasvuOpen 2016 in Finland -
a competition for start-ups, where more than 700 companies applied. We also recently received a "Seal of
Excellence" from H2020 for our application: this is a follow-on to receiving earlier funding from the same program.
The turbines we manufacture are 2-stage, 2-shaft, intercooled and recuperated turbines with generators on both
shafts. This type of turbine solution does not exist from any other manufacturer. This design gives us benefits not
only in terms of higher efficiency towards the competition but also in terms of protecting our technology.
Core Team
CEO, Matti Malkamäki, has been working for the power generation industry almost the whole career of his. He
was working for a Finnish utility Fortum Oyj in different positions in UK and Finland from 1995 until
2000. He established Greenvironment Oy in Finland in 2002 to provide small renewable fuel power plants for
decentralized applications. This company grew to be one of the largest microturbine technology providers in
Europe and was even listed in Frankfurt stock exchange in 2010. In 2012 Matti joined ALEA Energy GmbH to
develop industrial CHP applications and founded Aurelia in May 2013.
Commercial Director, Tony Hynes, has worked in multiple positions in the turbine industry worldwide including
Bowman Power (CA, USA, President), Capstone Turbine Corp. (CA, USA, & NZ VP Sales & Service), GE Heat
Recovery Solutions (FL, USA & UK, VP Global Sales & Service).
Operations Director, Marika Gallar, worked in multiple positions in Nokia between 1999 and 2011. A common
denominator for her roles has been setting-up of a new function, team or capability as well as change
management. After her last role in Customer Analytics and Insights in Nokia she changed to the IT and business
process service firm Logica Plc.
Project Manager, Toni Hartikainen, has been working on high speed technology his whole career in companies
such as Sulzer and Switch. Toni has excellent technical skills on developing high speed products and is an expert
in high speed machine testing, commissioning and operation.
Investment information
Amount already invested: 2 800 000 EUR Amount to be raised: 3 000 000 EUR
Patents : We have signed agreement with LUT about the transfer / ownership of the IP's created before and
during the project. We own all the rights created after 2013 and for the ones developed before, we have exclusive
rights. For the first three PCT applications we already have first (positive) decisions and we continue to extend
our IP portfolio with the approx 30 innovation families we have.
Company creation: 3 years ago Number of employees :12
Beneficiary of an EU grant: Beneficiary of the SME Instrument
Project video pitch: https://www.youtube.com/watch?v=YxoNGkQCFPY
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 10
ETME Peppas & Co (Greece)
Sector(s): Energy Client group : B2B
Business Project
Antonios Peppas
Offshore Wind Parks (OWPs) represent a niche and fast growing market. According to European Wind Energy
Association (Wind Europe), European Union and International Energy Association projections, OWP installations
are expected to be increased more than three times until 2020. So far, investment decision for these mutlibillion
Euro projects is based upon high quality wind measurments provided by expensive fixed meteorological (met)
masts or by cheaper and lowerer quality – higher risk floating structures. FloatMast’s solution provides the same
level of wind measurement quality as of the fixed met masts by complying to the highest standards at one third of
the cost. This is accomplished by the innovative FloatMast floating platform, which provides a stable foundation to
a met mast and to a series of remote sensing wind measurement devices. This combination is proven in the
onshore wind industry and by FloatMast it can be used also in the offshore wind industry.
FloatMast as a floating platform provides the considerable advantage of easy redeployment in the same or in
other sites of interest, in case that the OWP doesn’t receive financing or a permission to operate or if the wind
potential is deemed unsatisfactory. The platform at the same time can also perform environmental monitoring
according to the environmental permission terms and maritime monitoring for the safety of the OWP.
Currently a 1:1 scale prototype has been constructed, deployed at sea and undergone preliminary testing
effectively rendering it operational for demonstration purposes. Commercialization activities undertaken at the
current stage show a high potential and interest from the offshore wind industry market. FloatMast innovation has
been awarded at the Hellenic Entrepreneurship Awards (2015) and has received funding by the European
Commission under the SME Instrument Programme.
FloatMast’s business model will be realised by providing either a service to OWP developers for a limited period
of time spanning from 3 to 20 years, or by an item (platform) offering to the client. In both cases this is a business
to business model and the clients are either OWP Developer companies (e.x. Statoil, DONG, RWE
Innorgy, EDF Energies RenNouvelles, etc) or Public Authorities that conduct themselves the wind measurements
campaign. A net profit of 1,0 million Euros per platform is expected, which can be even higher in the case of a
service contract.
According to FloatMast’s business plan a turnover of 33,4 m Euros with an EBITA of 17,9 m Euros, a free cash
flow of 6,9 m Euros and an IRR of 45 % are expected in the first 5 years of operation. The company has been
active, by commercialization and marketing actions in the most important events of the industry, throughout
Europe and has been in contact with most important players. Also the company has received a Letter or Interest
from the European Defense Agency for upgrating the platform to an unmanned and autonomous floating radar
system for marine and sea border surveillance.
Core Team
FloatMast innovation has led to the creation of FloatMast Ltd, a spin-off company of two engineering companies
namely ETME (civil engineering) and Streamlined (naval engineering) for the purposes of commercial exploitation
and business development. FloatMast as a newly-established technology exploitation vehicle is currently
comprised of a core team constituted by two civil engineers, three naval engineers and one physics scientist of
the personnel of Centre for Renewable Energy Sources (subcontractor). In addition, another 37 persons are
directly involved into the project from various subcontractors and another 8 people from the two shareholding
companies (ETME and Streamlined) are also involved into the project.
Investment information
Amount already invested: €2,652,000 Amount to be raised: €4,060,000
The total needed amount is subdivided into 1,180,000 € for the demonstration project, 1,390,000 € for the
company operation and marketing and another 1.490.000 € as a cashflow need. The company has also received
funding from Angel investors.
Patents : The company has very early on marked a clear IPR protection strategy and proceeded with patent
applications in the Industrial Property Organization (Greece), in WIPO (PCT/GR2014/000015), the European
Patent Office (No 14717177.1), and the national patent offices in Japan, South Korea, China, USA, and India.
Company creation: > 5 years Number of employees:13 Beneficiary of an EU grant: Beneficiary of the SME
Instrument. Project video pitch: http://www.floatmast.com/video-gallery
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 11
Sensing & Control Systems S.L. (Spain)
Sector(s): Energy;Technology Client group : B2B and B2C
Business Project
Narcis Avellana
Utilities do not have the tools to aggregate and analyze all of the information generated by the smart grid
infrastructure in real time in order to deliver actionable insights to grid operators, DER and utility customers.
Furthermore, there is no way for utilities to communicate, inform and incentivize the consumer in real time,
meaning the behaviour changes necessary to develop more sustainable energy use fail to materialize.
We have developed enControl, an open, intelligent climate control service, which, by bridging the communication
gap between the utility and the consumer, allows both sides to manage energy supply and demand flexibly,
sustainably and intelligently. This unique technology uses communication and control technology to shift
electricity use across hours of the day while delivering end-use services (e.g., air conditioning, domestic hot
water, electric vehicle charging) at the same or better quality but lower cost. It does this by applying automatic
control to continuously reshape a customer’s demand profile in ways that minimally affect the customer, and by
leveraging more-granular rate structures that monetize demand flexibility’s capability to reduce costs for both
customers and the grid.
No other smart thermostat has been designed taking energy efficiency and energy management into account.
The innovation of enControl is the Smart energy control, as it goes beyond simply considering how to achieve the
optimal temperature, but instead how to achieve the optimal temperature while minimising fossil fuel energy
consumption, considering the different sources of energy that are used throughout the day. Current solutions do
not take into account the crucial factor of how energy is being produced at a particular moment, nor can they
predict energy demand. They do not consider the availability of self-produced renewable energy. Existing smart
thermostats cannot determine the household’s carbon footprint nor how to improve it.
Early trials have shown that enControl reduces energy consumption in homes by 15-20% while shifting loads to
lower-cost times, reducing peak demand and increasing use of renewable energy sources, offering utilities the
tools they need to offer flexible demand management and therefore save billions of euros per year from reduced
grid investment costs, energy production and service costs.
Core Team
Sensing & Control Systems was founded in 2006. Two passionate founders and a Management team bringing
together extensive and multidisciplinary experience propel the current 13-person team. The management team
has developed their professional experience at multinational companies including Siemens, Seiko-Epson, Nokia,
Comcast and Verio, as well as various entrepreneurial ventures. The CEO and co-founder has been awared with
honours in his PhD in neural networks and artifical intelligence and holds a MsC in Business Administration,
together with an extensive experience in Top Managemnt positions in Siemens GmbH, Seiko EPSON Ltd. and
EPSON semiconductors GmbH; moreover he is an expert of the European Comission for energy. The CTO and
also co-funder holds a MsC in Computer Science and more than 20 years experience in technical postions
developing products and services in the hardware and software industry. The Sales Director has 22 years
experience expanding business in USA and since 6 years in Europe. The R&D Director holds a PhD on Aritificial
Intelligence with more than 15 years experience in the software areana. Our Chief Development Engineer is a
MsC in Computer Science with more than 12 years experience working on Big Data, IoT and the Cloud.
Investment information
Amount already invested: 6 500 000 Amount to be raised: 3 500 000 Company creation: > 5 years
Number of employees:13 Beneficiary of an EU grant: Beneficiary of the SME Instrument
Project video pitch: https://www.youtube.com/watch?v=lV6POY3tsGA
Our business model follow a B2B2C model: Our Company is the owner and exploiter of the enControl platform.
We will develop, operate and support all services; profit will come mainly from charging the customer a monthly
recurrent fee per active account in the platform and based on the volume of accumulated accounts contracted,
financial figures show breakeven when close to 15.000 accounts. Based on a total investment of 3,5 M€,
enControl earns a return on investment of 1353% after 5 years, while the project shows an internal rate or return
of 88%. The estimated net present value, at a discount rate of 20% is 10M€. We estimate profits of approximately
17M€ by 2021 with total returns from project investment to be over 31M€ by the end of 2021.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 12
BVB INNOVATE GMBH (Germany)
Sector(s): Energy;Transportation;Technology Client group : B2B and B2C
Business Project
Manfred Baumgaertner
ChargeParks of BVB INNOVATE will become the leading electric vehicle charging infrastructure provider in
Europe: Different types of ChargeParks will be established at employee car parks, residential car parks, customer
car parks of big retailers and hotels, and along major highways throughout Germany and Europe.
ChargeParks has defined a first roll-out phase with Letters of Intent from four DAX30 companies and well known
large and medium sized companies, retailers, and hotel groups totaling over 500,000 parking lots throughout
Germany. A total of 50 m EUR will be invested in this first step.
ChargeParks unique selling point is it’s no-money-down offering: No investment needed - no operation expenses
for location owners. All necessary tasks as planning, installation, operations, and billing are performed by
ChargeParks. Attractive marketing and cross-selling packages are appreciated by the location owners.
ChargeParks will establish three different types of charge parks: multi-user charging clusters for residential and
corporate car parks, fast charger parks for destination charging, and ultra-fast charger parks (up to 350 kW) along
highways and through-roads.
Proprietary technologies and partnerships with preferred suppliers as SIEMENS will enable least costs and highest
convenience. ChargeParks’ proprietary technologies comprise ultra-low cost multi-user charge points for corporate
car parks, battery-buffered DC fast charging stations for areas with weak grid access, and mobile charging
services.
Core Team
Manfred Baumgaertner, Ph.D., CEO
- Former Head of German subsidiary of Norwegian telecommunication provider TELENOR
- Degrees in engineering and sciences, University of Hohenheim and Karlsruhe Institute of Technology, Ph.D. from
University of Konstanz with distinction.
Marcus Spickermann, designated CFO
- Co-Founder of car2go and moovel
- Former Managing Director, CFO & Head of Business Development Ride4Hire (myTaxi, Blacklane, Flixbus) of
Daimler Mobility Services GmbH
-
Felix Teufel, Ph.D., CTO
- R&D manager at German leading utility EnBW, EV, storage and smart grid
- Ph.D. and M. Sc. From Karlsruhe Institute for Technology & University of California, Santa Barbara.
Investment information
Amount already invested: 4.5 m EUR Amount to be raised: 10 m EUR until 31th March 2017, 25-50 m
EUR until 30th Sept. 2017
A 10 m EUR VC round is currently in preparation to be closed for end of March 2017. A first investment of 50 m
EUR is currently in negotiation in order to start the services in 2017 in Germany. In addition, ChargeParks will
issue further risk adjusted high volume investment offerings – representing future opportunities for equity and debt
investors.
Patents: Patents pending for EV charging clusters and battery buffered DC rapid chargers up to 350 kW.
Company creation: > 5 years Number of employees: 12/35 (currently / at initial stage)
Beneficiary of an EU grant: Beneficiary of the SME Instrument Phase 2
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 13
Flexion Mobile Ltd (UK)
Sector(s): Finance; Technology Client group: B2B
Business Project
Niklas Koresaar
Mission: To build an Open Market where distribution and monetization of Android games beyond Google Play is
viable and profitable.
Opportunity: The Android games market is effectively a monopoly where the biggest distribution channels are
locked-out. Flexion offers a disruptive enabling and service platform which allows the Open Market to grow faster
by breaking existing barriers.
Flexion: The pioneer of mobile game monetization with 600m users since 2007. Based in London with a
developer studio in Budapest, 28 staff. Monetizing in 90 countries, 3m new end users per month and a massive
market footprint.
Product: An unique Android enabling and service platform which connects distribution channels (app stores) with
leading game developers, mobile payment providers, advertising networks and new monetization solutions. All
packaged into the enabled game file.
Business Model: Revenue share and SaaS with revenue waterfall through Flexion.
Open Market Drivers: i) Game developers are being squeezed in overcrowded stores; ii) players like Alibaba,
Tencent, Amazon, Baidu and Yandex are moving into mobile gaming; iii) eight out of ten of the largest Android
OEMs are now Chinese and they want to monetize outside Google; iv) existing games in Google Play monetize
poorly in the developing world; v) political forces in EU, Russia, US and China are challenging Google’s
dominance and vi) service providers like mobile payments want to enter the game space.
Tech: Flexion’s unique technology adapts existing Android games for the Open Market with automated enabling
of required in-game features: mobile payments, retention, promotion, data analytics and advertising. Supported
by these features, games can function independently allowing Flexion to distribute across the fragmented Open
Market. The technology is patent pending in the US and Europe.
Execution: Scaling of Flexion’s distribution network and developing support for the most effective monetization
models including subscription and in-app payments in local and global markets. Expansion of existing
relationships with world-leading OEMs, mobile operators, independent stores, mobile payment solutions and
advertising solutions within Android.
Core Team
Our management team consists of 7 people, all with 10-20 years relevant experience.
Investment information
Amount already invested: Bootstrapped until 2014 (market leader within feature phones), thereafter raised EUR
5m in ordinary equity to develop and roll-out our Android offering. Current cash balance sufficient for B/E in ca 2
years based on a cash flow focused roll-out.
Amount to be raised: EUR 5.0m. (Cost expansion for large-scale market-grab roll-out, strengthening of balance
sheet and cap table clean-up)
Beneficiary of an EU grant: Beneficiary of the SME Instrument Phase 2
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 14
SIME Dx LIMITED (United Kingdom)
Sector(s): Health Client group : B2B
Business Project
Povl Verder
SIME are building the world’s first point of care digital molecular diagnostics (DMDx) platform. The DMDx platform
measures multiple biomarkers from a single fluid sample in real time. Producing a biochemical signature of a
patient at that moment in time – a snapshot of their health. This signature is rapidly analysed to deliver precise
results to clinicians in critical moments. When a sample is analysed by the DMDx platform a unique biochemical
signature is produced. This signature is stored in a central server along with encrypted clinical outcomes data.
The database pairs a patient’s biochemical signature to their outcomes data. Machine learning will is then applied
to train our algorithms and continually refne the test. Over time, as the database grows, machine learning will be
able to recognise new disease patterns. Enabling us to discover new biomarkers and develop new platform
applications.
Some applications in development:
Infant Lung Maturity Test (LMT) that rapidly diagnoses Respiratory Distress Syndrome (RDS), the leading cause
of death in preterm babies. Currently there is no way to identify which babies are at risk of RDS, early diagnosis
will enable preventive treatment – reducing RDS and associated costs..
Mulitple marker point of care diabetes diagnostic. Current diabetes tests take 2-5 days and don’t include all
relevant markers. Our diabetes diagnostic can measure 10 markers simultaneously, including 2 next generation
novel markers, for a more complete picture of diabetes.
RDS market opportunity facts:
• Global medical devices market is predicted to reach $398.0 Billion by 2017
• Our lung maturity test has a market potential of >$500m (900,000 tests in US/EU)
• Million dollar babies: Premature babies cost the US $26 billion a year
Diabetes market opportunity facts:
Globally one in 11 adults has diabetes with 27.8% of them undiagnosed
In the NHS £14 billion a year is spent teating diabetes and it’s complications
The global diabetes market is set to reach $155 billion by 2021
Core Team
Povl Verder CEO: Experienced entrepreneur and business strategist specialising in digital technology, marketing
and healthcare. Ex. Johnson & Johnson, BSkyB, Coloplast
Omer Casher, PhD, COO: Machine learning specialist and data scientist experienced in medical technology
project management and regulatory compliance. Ex. GlaxoSmithKline
Morgaine Matthews, MsC, HEAD OF PRODUCT: Expert in medical technology product development with
experience in digital healthcare marketing.
Hacer Guzlek, PhD, HEAD OF APPLICATION DEVELOPMENT :Bioinformatics specialist with expertise in
chemical engineering, analytical chemistry and machine learning. Ex. GlaxoSmithKline
Peter Schousboe, PhD, HEAD OF RESEARCH: Biochemistry specialist with expertise in medical and biological
research management.
Investment information
Amount already invested: 3060000 Amount to be raised: 5000000
Patents : SIME DX have strong a IP portfolio including a mix of trade secret algorithms, clinical data and patents.
The DMDx platform is patented in the USA and the company has 5 pending patent applications.
Company creation: > 5 years Number of employees :10
Beneficiary of an EU grant: Beneficiary of the SME Instrument
Project video pitch: https://youtu.be/FBTzQS06SRM
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 15
Genes'Ink (France)
Sector(s): Health;Energy;Industry;Technology Client group: B2B
Business Project
Corinne Versini
Revenues are generated from the sale of patented products. Patents could be in full property, shared property
through the common laboratory with CEA or bought from French public laboratories. In addition to direct sales,
where price and maturity take over, Genes’Ink will consider licensing some of its key technologies and know-
how for their applications to specific fields or market segments, in collaboration with major industrial groups. The
global idea is to be the external development and process engineering of the big players.
We serve the printed electronic market since our creation and the recent investment and acquisitions show that
this market is currently structuring. (Heliatek fundraising €80M – PragmatIC €20M – Foxconn invest $570M in
OLED). Plastic and flexible display will rise with a 18billion$ market forecasted in 2020. The raw material market
represents € 1.9billion in 2014 and is expected to reach € 12.4billion in 2020 with a 28% CAGR.
Genes’Ink has planned to be an actor of this market by offering solution for IoT, OPV, OLED, touch screen and
RFID.
Genes’Ink has set-up its sales deployment through the following organization:
Direct Sales Channel: for strategic partnerships and top accounts
Indirect Sales Channel: for all other accounts, through integrators and distributors
Distributors & Partners are put in place in geographical areas where: Penetration is faster & Protection of
Genes’Ink know-how could be potentially diverted.
Current distribution agreements in place include Fujifilm, DKSH, Kelenn, Microdrop, Nanobay, Microfab, Techno
Alpha, Fulgen, Chromspec, etc
Partnerships are currently being developed with different printers in order to accelerate sales and add value:
Kelenn Technology (for InkJet) and Seribase (for Screen Printing).
ACHIEVEMENTS & MARKET TRACTION TO DATE
o Scale-up production capability ‘from miligramms to tons’
o Industrialization to reach a printed area > 800,000 m2
o Research projects and commercial partnerships (BASF, UMICORE, CEA, STM, Airbus)
o Strong IP strategy - 10 patents
o Initial sales ramp-up with strong partnerships established in Asia and Europe
Core Team
Corinne Versini (CEO) - Over 30 years of experience in high technology, of which the semiconductor
Louis-Dominique Kauffmann (COO) - Highly experienced manager in the chemical industry
• Key opinion leaders (KOLs):
Dominique Cerutti, Board Member - CEO of Altran
Herve Gindre, Board Member - former VP and GM of 3M Displays Materials Solutions world-wide
Dr Stephan Kirchmeyer, Board Member - former Marketing Head, Display&Semiconductor of Heraeus
Deutschland
Dr Ton van Mol - Managing Director Holst Centre
Dr Giovanni Nisato - business and technology development senior manager at CSEM
Dr Patrick O’Callaghan – worked over 29 years of working in the DuPont company
Remy de Tonnac, Board Observer – former CEO of Inside Secure
Investment information
Amount already invested: 8,000,000 € Amount to be raised: 5,000,000 €
Patents : Ten (10) patents have been filed. The patents protect our products worldwide. Number of patents is
limited by cost hence valid for a larger technical scope spectrum (and have been accepted).
Company creation: > 5 years Number of employees:18 Beneficiary of an EU grant: SME Instrument
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 16
CardLab Innovation ApS (Denmark)
Sector(s): Health;Finance;Industry;Technology Client group : B2B and B2C
Business Project
Frank Sandeløv
CardLab Innovation is one of the World’s first supplier of integrated electronics for intelligent access, payment and
ID cards with finger print authentication compliant with ISO 7810 standards applicable for card products into the
existing infrastructure. We now seek funding to ramp up production and sales organization to substitute the well
known credit card with lack of major security improvements since its introduction.The security level of existing
cards is not compliant to today’s security requirements leading to massive fraud and identity theft.
CardLab has developed card technology to eliminate fraud and identity theft problems and is capable of providing
cards with a security level customized to the customers needs. The card products are developed so they will work
in the existing infrastructure, saving our customers huge amounts of infrastructure cost but still achieving
maximum protection against fraud and privacy intrusion. With CardLab you have a world leading technology
provider for secure card products that can be used within all the major card business sectors like financial,
access, ID and loyalty cards. CardLab that has extensive experience in making secure and convenient card
solutions.
CardLab Innovation provides B2B products and solutions by customizing card products to be compliant with
either standard requirement or specific requirements. We provide technology Supply, support and licensing and
assist customers from idea to card in production, deliver turn key solutions or a hosted connected “all in one card”
solution.
CardLab provides 4 patented technology building blocks as basis for development revenue, licensing revenue,
OEM sale and revenue from full card production, More information on www.cardlab.com
Core Team
Frank Sandeløv, CEO: 6 years with CardLab (3.5 years as CEO) in the microelectronic area. 10 year military
army pilot officer and electronic warfare officer. 35 years of experience within the airline business, including 14
years as airline Captain with Scandinavian Airlines with last 3 years as SAS representative in SESAR.
Torsten Nordentoft, CTO: Founder and 13 years as CTO of CardLab, with extensive knowledge of the powered
card industry. created several CardLab patents, production processes and components for the powered card
industry. Merchant navy training, trained avionics engineer. Today in charge of CardLab R & D activities
HW and SW engineers with extensive knowledge in CardLab technologies and production processes
Investment information
Amount already invested: 9 600 000 Amount to be raised: 3 500 000
Patents : CardLab holds 8 patents on the card building blocks:
Number of employees :12 plus 8 contract engineers
Beneficiary of an EU grant: Beneficiary of the SME Instrument
Suggested premoney valuation: € 30 million. Option to obtain larger company share byuing existing shareholder
shares.
Fingerprint sensor Dynamic magstripe Snap switch RFID Jammer
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 17
SWORD Health (Portugal)
Sector(s): Health;Technology Client group : B2B
Business Project
André Eiras Dos
Santos
Musculoskeletal diseases impact 1.7 billion people worldwide. Low back pain, osteoarthritis and bone fractures
together around affect 3.15% of the population annual, corresponding to 230 million cases. Neurological disorders also
have significant effect in disability. Annually, 15 million people worldwide suffer a stroke. From these, approximately 9
million are left with some degree of physical impairment that require physical rehabilitation. As a result, there is a huge
need for rehabilitation services, and the physical rehabilitation outpatient market corresponds to >50 billion dollars
annually. As populations continue to age, the global trend is for these values to rise.
Until now, traditional rehabilitation has been based on a 1:1 interaction between patient and therapist. This approach is
highly dependent on human resources, which are scarce and costly, causing major impediments in a day-to-day
setting, limiting both the access and the intensity of rehabilitation programs. Moreover, the tools for communication in
and between clinical teams are ineffective, and there is a lack of accountability in the rehabilitation process. SWORD
Phoenix is an innovative system that aims to solve these issues. SWORD Phoenix is a class I medical device,
representing a digital therapist, comprised of a motion tracker system that digitizes patient motion and, through the
Phoenix mobile app, provides real-time feedback on performance, empowering patients with their rehabilitation and
allowing them to improve the execution of motor tasks. SWORD Phoenix also includes a web-based portal that allows
the clinical teams to prescribe rehabilitation seasons and perform an in-depth analysis of patient performance. Our
business model is B2B, where we rent for a monthly fee our product which is a technology-enabled service.
Go to Market
Phase 1: USA - One of the main target markets, due to the huge market size. - We are using our present partnership
with the biggest rehab group in US (1700 clinics) to start conquering the market, we established a partnership with the
biggest distributor in senior living, and we will leverage also our partnership with one of the biggest home health
agencies with 40.000 houses.
Phase 2: EU - In this phase of commercialization it is important to assure the scalability of our commercialization
efforts. - This can only be achieved through a network of sales partners that represent an intermediary between our
final clients (outpatients rehabilitation clinics/Hospitals) and SWORD Health. In EU we have been approched by
insurance companies that want to create a new reabilitation for their products, namely work accidents.
Phase 3: China - A blue ocean due to the lack of therapists and huge size, but will require setting up a complex
operation. Actually we have pilots in 2 rehabilitation centers and a partnrship with a biggest rehabilitation group there.
Our revenue model is based on a monthly fee, so monthly recurring revenue. Depending on the country we price point
our technology at € 200 to € 500 per license/month. Each license represent one system so one Digital Therapist.
Milestones
2008 to 2013 - initial prototype development; two patents submitted (Europe and US) 2013-2014 - Clinical Trial with 44
stroke patients published in nature scientific reports - Inclusion in Aging 2.0, the biggest acceleration program on
senior living in the US 2015 - SME Phase II recognition and grant winner (1M€) - Partnership with Genesis Rehab
Services (largest rehabilitation provider in the US) - First international pilot in China - 3 pilots in Portugal 2016 - CE
Marking as class I medical device, Partnership with Direct Supply (top distributor US), partnership with home health
agency, FDA Certification, IP preparation for more 5 patents, Second Clinical trial with 40 stroke patients, beginning of
80 patients clinical trials for Hip and Knee Rehabilitation.
Core Team
The leadership team of SWORD Health is wide multidisciplinary. The CEO is an electrical engineer a PhD in
biomedical engineering and CTO is a computer science engineer booth with a proven track record on the development
of disruptive technologies for medical application; the CMO is neurologist (MD) with a MSc in Healthcare Institutions
management; COO is a biomedical engineer with an MBA and CPO is a software engineer specialized in product
development. The total team are 20 persons.
Investment information
Amount already invested: 800 000 Amount to be raised: 3 000 000
Patents : PI: • International application: A system for movement proprioceptive stimulation, monitoring and
characterization” • International application : “System and method for evaluating the motion of a subject” Company
creation: 3 years ago Number of employees:17
Beneficiary of an EU grant: Beneficiary of the SME Instrument
Project video pitch: Deck: https://goo.gl/KsJEHP ; video: https://vimeo.com/174795362
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 18
FIRST LIGHT IMAGING SAS (France / USA)
Sector(s): Technology Client group : B2B
Business Project
David Boutolleau
We sell very high end tools for science and research, we have been supported by local, national and european
grants to achieve our R&D programs.
In the same time we developped a business flow of around 1M€ per year which allowed to speed up our
development phase and built a 800 000 euros equity amount.
Till now our customers were universities and research labs with upfront payments deals, our development was
cash positive.
After achieving our R&D phase with success and having developped our business on an excellence and niche
market, we aim to switch to larger markets like industry.
Our current market is high end science (astronomy, space, life science research) and we want to expand toward
industry with our new products.
These markets are worldwide : Europe, USA, China, Japan, Australia, Russia...
For now we deal with big institutes, our revenue is concentrated on few but secure customers.
Several world records for the performances of our products.
European support through SME instrument.
USA support by winning several awards.
Customer support: many of the most famous institutes in the world use our products and communicate about that.
The used technology comes from French public research and was transferred to First Light in the frame of the
French Law about research valuation.
This technology was developed with huge means, more than 15 years of manpower, fro astronomy application,
which the most demanding field in our specialty.
first Light is a technological leader in astronomy and space applications, now we want to transfer this know-how
to larger and less demanding markets, but with larger potentials.
Core Team
3 highly experienced engineers/partners.
1 highly experienced manager/partner.
5 Senior engineers.
Investment information
Amount already invested: 1 000 000 Amount to be raised: 5 000 000
Patents : Yes, on going.
Company creation: 5 years ago Number of employees :15
Beneficiary of an EU grant: Beneficiary of the SME Instrument
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 19
Think Silicon (Greece)
Sector(s): Technology Client group : B2B
Business Project
George Sidiropoulos
Think Silicon is a global semiconductor IP licensing company specializing in developing ultra-low power
Graphic Processing Units (GPUs) for mobile, wearable and IoT devices. Think Silicon is not fabricating
any chips but licenses the technology to the semiconductor companies (e.g. intel, Texas Instruments)
that are designing and manufacturing the application processors for mobile devices equiped with a
display. Our products are licensed to mid-size and Tier1 fabless semiconductor companies and to
specialized OEM customers.
Established in 2007, Think Silicon is located in Patras, Greece (HQ and Development Center), and
Sales & Marketing Offices in the USA, Canada, Germany and Japan. We are seeking an investment in
order to expand our presence in US and Asia and apply our technology to new fields like Augmented
Reality and Virtual Reality.
Problem: The Internet of Things (IoT) has put extended battery life at the top of the requirements list for
new products. The majority of today’s wearable devices with their embedded graphics and rich displays
are not power optimized. Over 64% of today’s wearable device users are unsatisfied with their device’s
battery life!
Solution: NEMA from Think Silicon is the first Graphics Processing Unit (GPU), where the radical new
architecture has been specifically designed for a new generation of wearable/mobile products and the
related software applications. NEMA’s patent protected technology extends the battery life of a 2nd
generation smart watch from 2.5 to 5 days.
Market: The market focus is the broader IoT market with its wearable and non-wearable verticals for
products with integrated displays. The worldwide semiconductor IP forecast to 2020 is approximately
$8.7 B with a compounded annual growth rate (CAGR) of 16.56%. The worldwide graphics design IP
forecast is estimated $1.0 B with a CAGR of 20.96%.
Revenues: Combination of License Fees per project (chip design) and Royalties per chip sold by
customers.
Competitive Advantage: Existing mobile GPU’s cost and power dissipation is prohibitive for many
innovative applications and devices, however these continue to be the only offering of our competition.
Performance per mWatt per Dollar is the criterion that our customers are focus on. The NEMA-Series
has been designed to perform favorably against this critical performance benchmark. As a result a
smartwatch with NEMA consumes 73% less active and 58% less idle power increasing the battery life by
100% compared to the available (2nd generation) smartwatches. NEMA has a 4 times smaller silicon
footprint than the closest competitive GPU and it eliminates the need for external DRAM devices in the
target market, leading to significant cost reduction on system level. The performance and cost
advantages combined make NEMA twenty times (20x) better than the closest GPU from our competition.
Core Team
Executive Board:
George Sidiropoulos, MsC, CEO and co-founder, 14years in semiconductors, former ATMEL, 5 tape
outs, raised 3M, 6 patents on computer graphics
Iakovos Stamoulis, phD, CTO and co-founder, 16 years in semiconductors, former ATMEL, Ph.D. on
VLSI & Computer Graphics, 15 tape outs, 7 patents on computer graphics
Georgios Keramidas, phD, CSO, 10 years in semiconductors, 6 patents on computer graphics, 40
publications on VLSI.
Ulli Mueller, vp marketing and sales, 20 years in semiconductors, former AMD
Advisory Board:
Gideon Intrater, 25 years in semiconductor, former VP Marketing MIPS Technologies (sold for >700M)
Stefanos Sidiropoulos, 20 years in semiconductors, founder and CEO of Aeluros (acquired by Netlogic
for 72M), former VP/GM Netlogic.
Investment information
Amount already invested: 3 000 000 Amount to be raised: 4 000 000
Patents : 3 US patents granted, 3 pending
Company creation: > 5 years Number of employees: 23
Beneficiary of an EU grant: Beneficiary of the SME Instrument, Phase 2
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 20
Greenrail S.r.l. (Italy)
Sector(s): Transportation;Other Client group : B2B
Business Project
Emanuele Occhipinti
Greenrail is an innovative start-up that designed an innovative and sustainable railway sleeper. Greenrail sleeper,
patented in 120 countries, combines the advantages of concrete sleepers with the ones of composite sleepers. It
is made of an inner core in concrete, covered by an outer shell made of recycled plastic and End of life Tyres,
which allows to reduce noise, vibration and to recover 35 tons of ELT and recycled plastic from urban waste.
Greenrail sleeper is the only sleeper able to integrate systems and sensors for energy production and/or data
transmission for safety and/or telecommunications. These technologies gathered in three different products:
Greenrail Solar able to transform every km of line into photovoltaic field producing from 150kWh to 600kWh;
Piezo is a Greenrail Basic sleeper which incorporates piezoelectric systems producing energy at every train
transition and LinkBox is a Greenrail Solar sleeper which also incorporates systems of data trasmission for safety
and telecommunications able to communicate with remote room controls, offering a series of benefits in term of
improvement potential over time regarding costs, ease for use and other environmental advantages. The main
environmental benefits are related to the improvement of air quality, due its less consumption of ballast and lower
realease of particular in the air. The reduction of acoustic impact deriving from the train's transit due its outer shell
in plastic. The leading edge is that is the only sustainable sleeper, which can reuse urban waste integrating aslo
systems and sensors. Thanks to Greenrail sustainable products, the innovative start-up has been awarded the
European Funding Sme Instrument Phase 2.
Greenrail is currently in the homologation phase and the R&D of Greenrail Solar, Piezo and LinkBox are being
processed. The first manufacturing plant will be made by the end of 2017. Greenrail aims to enter into European
and extra-european markets (USA and Oman) in order to make them more sustainable and innovative by 2017.
The revenue model of Greenrail is based on the exploitation of the Greenrail patent through licensing and
industrialization process, with an up front fee for every deal accomplished and royalties that will be equal to 5% of
the revenues of the licensee.
In addition, Greenrail foresees to take a share in each NewCo that will be plant in the interested country for the
production and industrialization of the Greenrail sleepers.
Greenrail reached several achievements since 2012, the year of its foundation. The first one is related to the
patent registration in European and extra- European countries. A step forward, was represented by the opening of
Milan Office inside PoliHub for R&D projects that gave to Greenrail the opportunity to start researching with high
qualified professors/researchers.
Core Team
Greenrail is a young, developing company with an international team, whose average age is 30 years. The
members speak Arabic, English, Italian, Polish, Spanish and come form different countries and cultures, which
makes them exceptionally open-minded and eager to learn. This lets Greenrail establish new, international
partnerships and collaborations in a smooth and pleasurable manner.
The company has an internal structure composed of four Members of Board and nine employees in the Technical
Area Department. Four new professional figures have just been hired to ensure the successful management and
communication of the activities. The team consists of three engineers; an architect as industrial designer; two
Administrative and Financial Officers; one EU communication Officer and one EU officer.
Investment information
Amount already invested: 3 37 500 Amount to be raised: 15 000 000
Patents : Greenrail sleepers patented in 70 countries.
Company creation: 4 years ago Number of employees :13
Beneficiary of an EU grant: SME-Instrument
Project video pitch: https://www.youtube.com/watch?v=-QeZN5DhGwQ
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 21
NAWATechnologies (FRANCE)
Sector(s): Energy; Nanotechnologies Client group : B2C
Business Project
Pascal Boulanger
NAWATechnologies is a young spin off company from CEA (Atomic Energy Commission). The company’s
background is nanomaterials for applications in Energy, Transportation & Security and Environment.
NAWATechnologies has developped a cutting-edge ultra-fast carbon battery and aims at industrializing it. Based
on a brand new electrode material, NAWA’s Ultra-fast battery can find applications in plenty of applications,
alone or in combination with existing technology (lithium/lead batteries, fuel cells). NAWATechnologies will first
focus on B2B professionnal middle-size markets on a premium basis (bycicles, Tools, forklifts, car fleets, buses,
marine, grid supplies, DC supplies, aero, space, solar houses, EV charging stations). Each market will have its
special "system" (developped either by NAWA or in collaboration). Overall market is estimated at 10 B$. On the
long term, the company will address mass production in Customer and Automotive applications through JV.
Today our team is offering a Demo Kit for integrating ultra-fast Carbon batteries in customers’ application (design,
simulation, samples, customized demonstrator).
NAWATechnologies aims at being a new lithium-free battery maker. The company is also developing all
technological bricks (Equipment for the process, Basic material and Electrodes) through technology transfer
business models. Our battery business model is the one of a battery maker with increased marging due to :
1. higher performance (premium products)
2. limited range of products (only 3 number of cells sizes and formats to cover all applications)
3. a simplified and automatic industrialisation process
Our new ultra-fast carbon battery is a breakthrough in three domains
1. rapidity of charge (1000 time less than classical batteries, in sec instead of hours) and number of
charge/dischareg cycle (500 000 - 1 million) : tests performed in pouch cells (TRL 5)
2. the manufacturing process (nano Chemical Vapour Deposition) which is completely different from existing
processes (powders) and allows to reduce Capex (€) and increase Energy Densities (Watt.hours) then reduce
Cost (€/Wh) => process scaling-up evaluated and go-to factory planned
3. environment friendly, less pollution, more recyclability and safety aspects (no thermal runaway)
On top of being more efficient, those batteries are also cheaper, safer and more eco-friendly to manufacture. But
overall, NAWA is changing the way people relates to electricity: not consuming too much, but consuming better in
a more virtuous way, just what you need, whenever you need, wherever you need.
“Discovery” phase is over, NAWA is entering the “growth” phase and our main stake is to set up a first
industrialisation line to serve early customers (20 letters of intend)
Core Team
The core team gather a “century” of experience
- Dr. Pascal BOULANGER (Founder, PhD, MBA, ex scientist at CEA) is owner of the Technology and CEO
- Dr. Ludovic EVEILLARD (Founder, PhD MBA, ex Honeywell BU marine deputy head) VP Sales and marketing
- Harald HAUF (ex Applied Material, ex Technology Head, Factory Head) CTO
- Véronique GAY-GOUDET (Lawyer, ex Deloitte, ex COO communication agency) General Secretary
Investment information
Amount already invested: 4 260 000 Amount to be raised: 7 000 000
Patents : An exclusive licencing agreement with CEA (portfolio of 4 patents from 2002 till 2013)
4 more patents on the name of NAWA deposited from 2015-2016
Company creation: 3 years ago Number of employees : 25
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 22
MEAZON (Greece)
Sector(s): Energy;Technology Client group : B2B
Business Project
John Gionas
Meazon designs and markets revolutionary small size, energy cyber meters and controllers. Based on our unique
embeded electronics and software design our cyber meters are 100% robust and redundant, with build-in data
logger, storing energy data and on/off schedules both on meter and gateway level. This way we drive significant
energy insights and on the same time minimize energy data acquisition costs. Meazon addressable market is that
of multi-branch and multi-building organizations straggling to unify their energy consumption profiles under one
system and drive energy efficiencies, environmental standards compliance and asset management optimization.
Secondly, Meazon is after the Smart Cities market by providing a Smart Energy Services Brokerage platform
based on its Energy Cyber meter technology, enabling services such as: energy efficiency, flexibility and demand-
response and electric vehicle charging services among other. Finally, Meazon targets the SMART Home market
by providing to the Uitlities or Service Providers our energy monitoring & control technology. Major customers:
Endesa (Utility-Spain), Watt & Volt (Energy Seller Greece), Heron (Energy Seller Greece), Indra (Systems
Integrator Spain), Eurobank (Bank Greece), Honeywell (Europe), Current – GE (US, pilot). Meazon cyber
meters/controllers are part of the Endesa Nexo Smart Home service offering in Spain. We also work with
companies such as Honeywell providing our technology for the energy efficiency services they offer to large multi
branch enterprises. One of the top 4 banks in Greece trust Meazon technology for real time energy monitoring.
Meazon is the only company out of more than 30 participating vendors that made it to the 3rd phase (pilot) of the
US DOE energy submeter challenge, having as objective the design of a low TCO energy submeter for the
energy efficiency industry in US. Meazon participates in this challenge under its former brand name “BLUEdev”.
Meazon has recently started a company in US, named Meazon US for addressing the US market. Over the last 2
years Meazon won various product awards.
Core Team
1. George Koronias (B.Eng., M.Sc.) is specialized in high-tech markets and having led the mobile revolution in
Greece and Europe. George was CEO for Vodafone Greece & Albania for 16 years, from founding stages to
multi-billion revenues and stock market IPO.
2. Stelios Koutroubinas (B.Eng., Ph.D.) is an expert in embedded electronics systems design. An electrical
engineer by training, he has accumulated vast experience in designing market competitive microelectronic
products and developing high caliber engineering teams. Stelios has worked for Silicon Valey Atmel heading R&D
center in Patras (150 Engineers) and Bytemobile.
3. John Gionas (B.Eng., M.Sc., MBA) is a former Ericsson executive and a technology business enthusiast. His
background is on market introduction of new business concepts, corporate governance, strategic alliances
development and leadership of commercial and delivery organizations. During a 14 year career at Ericsson, John
made it to the regional leadership level. John holds a Business Executive Degree from Berkeley, California.
Investment information
Amount already invested: 2.000.000 EUR Amount to be raised: 8.000.000 EUR
Meazon is looking for financing to strengthen its sales & marketing operations in Europe and US, enhance its
product development team and improve its corporate functions such as Business Control and HR. This way we
plan strengthen our overall competitiveness and visibility in the global market, based on a worldwide competitive
product portfolio we already have developed.
Patents : Patent 1: “SOFTWARE DATA ACTIVE STORAGE AND MANAGEMENT SYSTEM.”Patent # : 1006885
Application Date : 24-07-2008
Patent 2: “STRUCTURED CABLING SUSTEM FOR DYNAMIC ENERGY MANAGEMENT”. Application # :
20130100228 Application Date : 17-04-2013
Patent 3: “SYSTEM FOR CONTINUOUS BUT CONTROLABLE ENERGY SUPPLY WITH REMOTE CONTROL”
Application # : 20140100025 Application Date : 15-01-2014
Company creation: 4 years ago Number of employees :20
Beneficiary of an EU grant: -
Project video pitch: https://www.youtube.com/watch?v=IaA4sEj7jfY
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 23
NEXESS (FRANCE)
Sector(s): Energy;Transportation;Technology Client group : B2B
Business Project
Frédéric Galtier
Nexess provides innovative IoT solutions dedicated to aeronautic and energy industry. The company designs
and connects industrial object based on wireless technology (RFID). By using unique RFID devices , Nexess APS
(Advanced Predictive Software) catch and communique Data , by using specific predictive algorithm, Nexess APS
give meaning and added value to the Data.
Nexess has developed innovative IoT solutions and became the leader of the IoT market in aeronautic and
energy industry. By developing a new module, Nexess plans to become the worldwide reference in the aera of
predictive maintenance in this industries within 5 years thanks to a robust plan to achieve its target
- Aeronautic (51% of sales): aircraft manufacturer, equipment’s manufacturers, aircraft MRO
companies, airlines
- Energy, Oil and Gaz (29% of sales) : suppliers, external providers, equipment’s manufacturers
- Space industry (20% of sales)
- Nexess innovative IoT solutions : 75 %
- Services: intellectual services for digital transformation, commissioning, training: 25 %
Nexess has deployed more than 200 solutions on 90 sites for major industrial companies (EDF, SAFRAN,
AIRBUS, THALES, TOTAL, VALLOUREC, DASSAULT, THALES, AIRFRANCE INDUSTIRES...)
Nexess is involved in collaborative project for innovation like ITGDO (Identification, Traceability and Geolocation
for Digital Objects) and benefits from research program of the French Defense Procurement Agency DGA
Nexess solutions increase productivity, quality, safety and reduce 50% of financial cost to aeronautic and energy
industry.
Core Team
- Frederic Galtier - CEO
- Tuyet Trinh – COO
- Christophe Sarlot CFO
- Sylvain Lafoy - Marketing and product manager
- Pierre Yves Lablanche – R&D Software manager
- Jean Anaël Monblanc – R&D Hardware manager
- Nicolas Robic – Key account manager
Investment information
Amount already invested: 5 000 000 EUR Amount to be raised: 10 000 000 EUR
Patents : Nexess holds 4 patents (technological and process) to protect the use of its solutions and the
intellectual property
Company creation: < 5 years Number of employees :32
Beneficiary of an EU grant: -
Project video pitch:
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 24
Active Asset Allocation (France)
Sector(s): Finance Client group : B2B
Business Project
Adina Grigoriu
Active Asset Allocation (AAA) is a 6-year old financial engineering company that has turned into a FinSurTech in
the past 2 years. Among its clients, some of the biggest French insurers, asset managers and pension funds.
AAA also has pension fund clients in the US and Northern Europe.
AAA offers 5 main services:
1. audit and financial portfolios analysis
2. investment strategy design (goal based proprietary approach)
3. dynamic allocations, monitoring and reporting of investment strategies
4. sales and monitoring of individualized wealth management products to advisors and monitoring for
end customers
5. research & innovation
AAA offers a digital platform with two different modules:
Robo Allocator For Institutional Investors (RAFII) is a B2B module designed to allow institutional investors
(insurers, pension funds, endowments, and asset managers) to follow the strategies that AAA has designed for
their needs. It features a tool to incorporate the manager's market views, a reporting section and automatic alerts
in stressed markets.
Robo Allocator For Advisors (RAFA) is a B2B2C digital wealth management module that empowers advisors to
grow their business and spend more time with their clients. After a fun, quick and insightful signup process, the
advisor builds together with his client a coherent and individualized plan to meet his financial objectives.
Together, they can simulate multiple projects, evaluate the probability of success of a strategy and compare it
with alternatives. The client becomes actor of its own financial future and is able to make smart financial decisions
based on the educational and interactive digital experience that RAFA offers. The module also monitors their
investments, performs dynamic re-allocations and produces reports so that the clients feel confident about their
investments and the progress they make. Clients are able to review their goals and results, make new simulations
and call their advisors whenever ready to make a change. RAFA is free of charge for advisors.
Currently AAA has over 1 billion of assets that are invested following their algorithms and a 5-year plus excellent
track record. The business model is basis points of the assets that use the algorithms.
When analysing the risk of an investment, their focus is on the maximum capital loss, a measure that matters
much more to investors than volatility or VaR (currently used by the market).
In its investment strategies, AAA uses its own methodology combining three different risk management
techniques: diversification, hedging and portfolio insurance. This leads to dynamic asset allocations that fit the
investor’s objectives and market conditions at all times and produces superior risk adjusted performance.
The RAFA offers a unique simulation tool when compared with its competitors: it provides a holistic life-overview
that includes not only the evolution of the investments during a savings period but also during the capital
consumption phase (retirement, kids studies, etc). Based on stochastic simulations, RAFA estimates the
probability for the investor to remain afloat all their life, and re-estimates this probability on a continuous basis, as
they advance in life. RAFA is a tool to better pilot personal finance
Core Team
2 founders (1 actuary/finance 1 IT system expert), 2 sales, 2 researchers, 1 operations, 1 marketing, 1 finance, 1
IT + 5 external IT
Investment information
Amount already invested: 1 000 000 EUR Amount to be raised: 3 000 000 EUR, needed to become a pan-
european investment platform
Patents : USA patent, with a worldwide extension on a through retirement life cycle approach.
Company creation: > 5 years Number of employees: 9
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 25
Abacus Diagnostica Oy (Finland)
Sector(s): Health, Diagnostics Client group : B2B
Business Project
Erno Sundberg
ABACUS shortens the diagnosis time for respiratory, urinary tract, and gastrointestinal infections to less than 30
minutes from the standard 2-5 days. These diseases are primary reasons to enter primary care and more than
half of the population are infected annually, causing direct and indirect costs amounting to over $200 billion per
annum, in the US alone.
Respiratory infections are fourth common cause of death, causing over 3.1 million deaths annually, according to
WHO. In the USA CDC estimates, that treat of viral respiratory infections with antibiotics causes over 30 million
unnecessary and even harmful antibiotic prescriptions. This can be avoided by using proper diagnostics.
Abacus’ vision is to update current GenomEra® platform and make a cost-effective, multiplexed platform, which
can provide central-lab quality results in doctors’ offices in less than 30 minutes so that an accurate diagnosis can
determine the correct care immediately.
Market opportunity
Abacus Diagnostica is focusing on infectious diseases, which is the dominating application of MDx, representing
over 50 % of global $5bn revenues with CAGR over 10%. The global POC MDx market is estimated to reach
$3.9bn by 2024, with a $1bn market potential for MDx’s of urinary tract, gastrointestinal and respiratory infections.
Solution
Many new molecular POC systems are entering the markets, but all these systems are still lacking one or more of
four main key factors for a good POC system: 1) turn-around time under 30 minutes, 2) inexpensive reagents, 3)
sample-to-answer capability with POC usability and 4) wide test panel. The next generation GenomEra will
answer to all these needs.
Using the same, patented, assay chemistry as in our current products, allows easy and straightforward launch.
Use of simple, robust and proven technology enables significantly lower costs and a faster development process
than other companies using complicated and often expensive disposables and/or instruments.
Core Team
Management Team
Abacus is led by experts from academia and industry in diagnostics representing collectively over 100+ years of
experience. While the existing team is responsible of daily operations and has been working and growing together
with the company from very early days, we would augment our team with other team members upon further
capitalization.
Team
Chairman of the board Timo Lövgren
Other board members Tero Soukka, Ilkka Kouvonen, Leena Kokko
CEO Erno Sundberg
Director of Marketing and Sales Mari Corbett
Investment information
Amount already invested: 7 000 000 € Amount to be raised: 10 000 000 €
Patents: Five international patent families, granted patents covering key elements of technology.
Company creation: 2004 Number of employees :11 Ownership: Privately held Sales: 10 distributors
Customer base: >100 systems installed in 20 countries Products: 8 different CE IVD tests and 1stgen. platform
Revenues: Sales covering 70% of operational costs and test sales has 5 years CAGR of 37.7% with over 60%
GM
Use of investment
- Launch next generation POC platform based on proprietary and proven chip chemistry and technology
- Develop three panel tests for respiratory, urinary tract, and gastrointestinal infections, targeting 1bn € markets
- Launch platform and tests available in Europe H2-2018, USA H1-2019. Targeting to 24M € turnover in 2021
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 26
Abomics (Finland)
Sector(s): Health Client group : B2B
Business Project
Jari Forsström
Abomics Ltd is a company that specialises in translating genomics research into clinical practice. Our focus is on
leveraging the new knowledge acquired from genomic information in order to increase the safety and efficacy of
medical treatments.
Abomics PGx Interpretation Service completes the process workflow of pharmacogenetic testing by delivering a
comprehensive pharmacogenetic interpretation report. With cutting-edge technology and secured cloud-based
web access, Abomics PGx provides updated and reliable interpretation with clear drug-specific instructions for
clinicians.
The service is customizable varying on subscribers’ reporting and integration needs. Abomics PGx offers
laboratories a unique way to stand out in the highly competitive market, along with reducing unnecessary costs to
the organization.
Abomics is offering B2B service for genetic test laboratories, including consumer applications. Intensive product
development phase now ready. Service has been up and running in Finland from September 2015 and in Austria
2016. Localization to new country/language area takes less then 3 months.
Now Abomics is seeking investors for strengthening sales on international markets in Europe and Asia.
Abomics makes strategic collaboration with clinical laboratories and insurance companies. Abomics aims at being
the market leader in Europe with over 20% market share in PGx interpretations.
Major milestones in 2016: Agreements with Synlab (the number one laboratory chain in Europe), with Fujitsu on
the use of Abomics databases in Japan, with Permedio in Austria.
Our service:
• Scalable
• Secure communication tools to send raw data from labs
• Supports different languages and integration to national drug databases
• Responsive user interface and mobile application for easy patient access
• APIs for electronic patient record vendors
• Technically most advanced on the market
Core Team
Jari Forsström, CEO, co-founder, MD, docent in healthcare informatics. Over 20 years in leading positions in
health care IT companies in Finland. Scientific and business experience in decision support applications for safe
use of medications.
Ari Hakkarainen, Chairman of the board. Professional investor in many successful Finnish start-up companies.
Oskari Huiskala, COO, M.Sc. (Tech). Oskari has been working more than 15 years in leading positions in
software development projects and ICT management.
Tommi Lousti, Sales director. Tommi has worked 20 years in leading marketing positions of big pharma
companies.
Klaus Elenius, Medical adviser, co-founder, MD, professor in clinical biochemistry. Postdoc studies at Harvard
Medical School, Boston.
Samu Österman, Medical adviser, MD.
Juho Heliste, Medical adviser, MD.
Investment information
Amount already invested: 440 000 Amount to be raised: 3 000 000
Now seeking investors for strengthening sales on international markets in Europe and Asia
Patents : Patent pending.
All solutions based on our own IPRs.
Company creation: 3 years ago Number of employees:11
Beneficiary of an EU grant: -
Project video pitch: https://www.youtube.com/watch?v=31srb_KW-wk&feature=youtu.be
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 27
GOODGUT SL (Spain)
Sector(s): Health Client group : B2B
Business Project
Mariona Serra Pagès
Our goal is development and market release of a Risk Assessment for Intestinal disease (RAID), new noninvasive
platform to treat digestive diseases base on intestinal microbiome balance.
RAID comes from a unique concept of diagnosis and therapy; where it is aimed to detect specific microbiological signature
in feces for each digestive disease, determined the dysbiosis degree and treat with a selective prebiotic.
Our main focus is on colorectal cancer (RAID-CRC), inflammatory bowel disease and Irritable Bowel Syndrome (RAID-
CD).
We are working in 3 lines:
-Risk Assessment for Colorectal Cancer (RAID-CRC): non invasive system to detect colorectal cancer before having
clinical signs base on bacterial siganture on feces. We are doing the first part of clinical validation in a study with 500
individuals. During 2017-2018 we plan to perform a second stage of clinical validation and have the CE mark for the
diagnostic platform in order to release RAID-CRC in the market in 2019.
-Risk Assessment fo Crohn's Disease (RAID-CD): non invasive system to diagnose, monitor and determine treatment
efficacy in inflammatory bowe disease base on bacterial signature on feces. We are running 4 clinical studies to complete
the proof of concept. During 2017-2018, we expect to perform clinical validation and obtain CE mark for the diagnostic
platform in order to release RAID-CD in the market in 2019.
-PREVIPECT: food suplement to selectively induce protective bacterial growth in inflammatory bowel disease patients. We
are doing the proof of concept and preparing European patent application. During 2017-2018, we aim to do a clinical study
and get a license agreement.
Revenues from RAID-CRC and RAID-CD will come from selling the product to hospital and clinical center distributors.
Revenues from PREVIPECT will come from royalties of license agreement.
RAID approach with microbiological signatures ensures a noninvasive, highly sensitive, specific and pre-symptomatic
detection compared to exsitent noninvasive test as immunological Fecal occult blood Test (iFOBT) or Calprotectin.
RAID platform also offers adjuvant treatment with PREVIPECT.
It implies an adequate prevention of digestive disease and a saving in terms of colonoscopies.
Our competitors are:
RAID-CRC: immunological Fecal occult blood test and cologuard. We offer an earlier detection, because bacterial markers
change its abundace in a previous step in colorectal cancer history.
RAID-CD: Fecal calprotectin test. Fecal calprotectin only is representative of inflamatory response but it is not enough to
definie deep remission what include clinical, biological and endoscopic parametres. Bacterial markers consider all this
factors and provide and accurate diagnose, monitoring and predicitve response to treatments. This test can be
complemented with our prebiotic (PREVIPECT), which will ensure digestive heatlh.
Core Team
The founder team is composed by:
Jesús Garcia Gil (https://es.linkedin.com/pub/Jesús-Garcia-Gil), microbiology professor in "Universitat de Girona", who
acts as Chief Technical Office.
Xavier Aldeguer (https://es.linkedin.com/pub/xavier-aldeguer), PhD, gastroenterologist and Head of Gastroenterology
Department in Hospital Universitari Dr. Josep Trueta, who acts as a Medical Director. Mariona Serra
(https://es.linkedin.com/pub/mariona-serra-pagès),DVM & PhD with recent formation in business administration, who acts
as Chief Executive Officer.
Jaume Amat (https://es.linkedin.com/in/jaumeamat) engineer and business administration with a broad experinece in
executive position in biotec start-ups is our strategic consultant.
Investment information
Amount already invested: 495 000 EUR Amount to be raised: 4 000 000 EUR
Patents : Yes, we hold the european and PCT application patent for Risk Assessment for Colorectal Cancer (RAID-CRC)
and the european and PCT application patent for Risk Assessment for Crohn's Disease (RAID-CD).
Company creation: 2 years ago Number of employees :7
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 28
HLD Healthy Life Devices Ltd. (Finland)
Sector(s): Health;Technology Client group : B2B and B2C
Business Project
Kalle Palomäki
Cancer treatments have advanced significantly during the past four decades and the number of cancer survivors
is rising fast. This has led to another big healthcare challenge. As cancer surgeries, chemo, and radiation are very
hard on the human body, many survivors live with disabilities and reduced quality of life. One common cancer
treatment operation, lymph node removal, puts survivors at risk of developing an illness called lymphedema,
which is a heavy non curable, life-long swelling. Lymphedema patient population in the US is over 3,000,000 with
more than 800,000 new patient diagnoses in 2015.The yearly patient market is estimated to be over four billion
dollars.
HLD has created a patented, portable, and easy-to-use rehabilitation device known as LymphaTouch and
PhysioTouch to address lymphedema. HLD has over 50 US hospitals and hospital systems as customers. These
include Johns Hopkins, MD Anderson Cancer Center, Cedars Sinai, University of Michigan, Cleveland Clinic,
Dignity Health, Ohio State University Comprehensive Cancer Center, Fox Chase Cancer Center, and Carolinas
Healthcare.
The business model is very scalable and fully proven.The sales model leverages our key customers to get access
to new hospitals. The sales model is a combination of telesales, online learning, and free of charge device trial
use. In addition to the direct sales in the US, HLD sells through distributors in the UK, China, and Australia.
We get today from our hospital customers many referrals for patients that want to buy LymphaTouch device for
home use. We are currently designing a lower cost device to target the home therapy market for lymphedema.
The new device is targeted to be sold in Q2/2017. Our sales strategy targets both B2B and B2C markets.
We receive revenue from device sales to professional hospitals and to patients. Our device has a consumable
part as well, which generates recurring revenue.
HLD revenue is today at $600,000 level and we are seeking funding to scale up our business through sales and
marketing. In 2016, our US sales has in on 56% year on year growth. Revenue in 2015 was $750 000.
Core Team
Kalle Palomäki - CEO. One startup M&A exit prior to HLD. Background from international sales and sales
management roles at US based stock listed companies, such as Adobe, PacketVideo and Synopsys.
Juho Lauronen - Chief engineer. Juho has over 10 years of experience in medical device design
Leena Niemistö - Chairman. Exited one of the largest private healthcare chains for €100M. Board member at
Stockmann and Elisa
Investment information
Amount already invested: 8 500 000 EUR Amount to be raised: 4 000 000 EUR
Patents : Yes, we have 10 international patents covering our technology
Company creation: > 5 years Number of employees: 6
Beneficiary of an EU grant: -
Project video pitch: https://www.youtube.com/watch?v=wt2EkzV3exQ&t=60s
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 29
PD Neurotechnology Ltd (UKGreece)
Sector(s): Health;Technology Client group : B2C
Business Project
Tassos Manos
Our company is seeking to take to market a medical device (composed of 6 wearable sensors) and a sophisticated expert
system (mobile application), PDplus, that supports doctors in monitoring and treating Parkinson’s patients and patients
with other movement disorders. The device has been developed over the last 7 years, and has been used in a mature
prototype form in a major clinical study which has received successfully 9M and delivered high and accurate results, of 84
patients. Its primary sales target is patients themselves, referred by neurologists to acquire the device, and
Pharmaceuticals to use the device for objective trial measurement. Major pharma players have already expressed their
interest to buy the device once it is market ready. A Medical Advisory Board will support the effort, lead by Professors
Antonin. Inventor of the device is Professor Fotiadis, one of the globally, highly acknowledged gurus in Medical devices
and healthcare expert systems. The new business, incorporated in London, will target the 6 million Parkinson’s patients
worldwide – soon to double - starting from the EU and then the US. The severity of Parkinson's Disease (PD) and the
impact on patient’s life highly depend on the optimal timing and dosing of the prescribed therapy, which affects the
symptoms, the quality of life, the disease progression and the life longevity of the patient. Hence, the need for more
frequent patient-doctor interactions based on accurate data and a structured patient profile, in order to improve the
efficacy of the treatment to maintain normal health profile through continuously monitoring a wide range of physiological
signals. Existing doctor-support solutions focus on a subset of PD symptoms and do not provide an overall assessment or
monitoring of the disease. They all fail to deliver adequate long term recording, qualitative and quantitative assessment,
systems reliability, sensitivity & specificity. PDplus is a a groundbreaking expert system that seamlessly integrates input
from 6 wearable micro-sensors, who are constantly monitoring several motor signals of the patients, and the carer or the
patient himself, regarding timing and doses of the medication and meals the patient is taking. Identification and
quantification of patient symptoms and recording of other useful information makes the evaluation of the patient status
possible, while the doctor receives an evaluation of the disease progression and suggestions of appropriate treatment
changes, the side effects can be managed much faster, and through a personalized study improves quality of life and
longevity.
Core Team
=> Technical Director: Prof. Dimitris Fotiadis is a leading global guru in biomedical devices, with more than 60mm worth of
academic projects in the EU (published > 220 papers in scientific journals, 400 papers in peer reviewed conference
proceedings, > 40 chapters in books, editor of 21 books, >3000 citations). He is the inventor of PDplus. A former
Chairman of the Board and CEO of the Science & Technology Park of Epirus, he is currently leading the Unit of Medical
Technology & Intelligent Information Systems, with >60 technical staff, and is a Professor of biomedical engineering at the
Dept. Materials Science and Engineering of the University of Ioannina.
=> Clinical director: Prof. Spiridon Konitsiotis is a leading global expert in Parkinson's Disease. He is an Associate
Professor of Neurology at the University of Ioannina, whereby he has personally managed >10,000 patients with
Parkinon’s disease or other movement disorders. He participates in the advisory board of several pharmaceutical
companies and is a Key Opinion Leader in drug development & testing. He has worked closely with Prof. Fotiadis.
=> Business advisor: Nikos Moschos is business development director in Athens Medical Group, the healthcare leader in
SE Europe. He has general management experience, and extensive strategy consulting background with Monitor Group.
Nikos has a substantial track record in managing doctors, designing and executing healthcare marketing plans and selling
healthcare services to private and public HMOs. He is Electrical & Computer engineer with MBA from MIT Sloan School of
Management, a MSc in Logistics and Diploma in Politics.
=> Management support: Envitech Ltd is a boutique management consulting company, led by Tassos Manos, a former
BCG strategy consultant. Envitech has extensive track record in business process re-engineering, business planning,
vendor management, supply chain and logistics, and lobbying in various sectors, including healthcare, manufacturing,
sales and investments. Tassos has MBA from INSEAD.
Investment information
Amount already invested: 10.000.000 Amount to be raised: 3.000.000
Patents : In process Company creation: 1 year ago Number of employees:9
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 30
mReh Sp z o.o. (Poland)
Sector(s): Health;Technology;Other Client group : B2B and B2C
Business Project
Aleksander Biesiada,
Our team of medical specialists, engineers and programmers has built a remote rehabilitation system which
allows the patient to rehabilitate at home, being at the same time under the strict supervision of a medical doctor
or a physiotherapist. The system was created in response to the increasing waiting time for rehabilitation services
(in Poland more than 130 days), the increasing number of people requiring rehabilitation (only in EU 25% of
citizens) and decreasing number of medical specialists.
mobiREH system consists of:
1. Mobile application for patients – presenting patients with exercise sets for rehabilitation.
2. Wearable monitoring sensors – which track patient’s movement and send back feedback whether the patient
is exercising correctly. We created our own prototype. We are about to obtain patent protection of the prototype.
3. Web platform for physiotherapists - a platform where physiotherapists see the results of patient’s progress
and where they can create personalised exercise sets with a special editor.
The system allows for monitoring of the physiotherapy outcome and improving the quality of home-based
physiotherapy, as well as for increasing the motivation of the patient. mobiREH improves the work of
physiotherapists, and gives a chance for increasing the number of the rehabilitated patients.
The system was built in cooperation between mReh and research institutions (Jagiellonian University Medical
College, AGH University of Science and Technology and The University School of Physical Education in Krakow).
It is implemented at the University Hospital in Krakow and at the IMIcare medical centre.
Our most important plans include: (1) actions related to commercialisation of the project on the domestic and
European market, (2) conducting clinical trials in order to confirm the efficacy of the system, (3) obtaining medical
certification of the system, and (4) implementation of the product in the leading rehabilitation units in Poland and
other countries.
Core Team
We are a team of medical doctors and physiotherapists who have every day experience working with patients, as
well as we are a team of IT specialists, engineers and marketing specialists.
Aleksander Biesiada, M.D. - responsible for product management, marketing strategies, IT team management.
(LinkedIn: https://pl.linkedin.com/in/alekbiesiada; e-mail: [email protected]; phone: +48 791367601);
Aleksandra Gawrońska, M.D., CEO - main project manager of mobiREH product, responsible for medical team
and IT team management; postgraduate in healthcare management;
Dominika Żurek-Biesiada, PhD, CPO, responsible for product development, grant proposals writing, IT team
management; postgraduate in project management;
Szymon Rozkocha, engineer, CTO, responsible for IT team management and creation of the wearables;
Bartosz Koziej, CMO, responsible for all marketing and PR activities, and for the relations with key mReh clients.
Investment information
Amount already invested: 60 000 € from the investor Amount to be raised: 7 300 000 €
Investment: At this stage we are looking for a financial partner for implementation of clinical trials and subsequent
commercialisation of the system (SEED II, Early Stage) – 800 000 €
Also we are looking for an investor interested in investment for 3 to 5 years time including standardisation (CE),
serial production and broad introduction of the system to the market – 6 500 0000 € (ROUND A, Expansion).
Patents : we are about to submit a patent that will protect our solution.
Company creation: Dec 2015 Number of employees: 6 internal and 12 co-workers
Beneficiary of an EU grant: -
www.en.mreh.pl FB: https://www.facebook.com/mRehPL
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 31
CREVIS Sprl (Greece) Sector(s): Health;Transportation;Technology;Other Client group : both
Business Project
Spyros Skiadopoulos
ENVI4ALL is an application that provides information on the current, forecasted, and historical environmental conditions
for a specific location, making use of open data, user-generated information, and an innovative air quality modelling
approach. The ENVI4ALL app interface offers users the option to receive personalized information, such as advice for
outdoor activities based on their personal preferences. Push notifications are used to alert users for severe air quality
incidents.
Even in areas where no air quality measurements are available, ENVI4ALL estimates the air pollution levels by applying a
state-of-the-art assimilation model of high accuracy. The model is based on scientific algorithms simplified so that they do
not require intense CPU processing while preserving the scientific value of the research behind them.
An API is also under way which would enable 3rd party developers to use our Air Quality data for their own apps, sensors,
appliances, websites, etc.
At present, air pollution is one of the most significant factors posing threat to the health of individuals worldwide. It is
associated with a range of diseases, symptoms and conditions that impair health and quality of human life. According to
World Health Organization (WHO), in 2012 around 7 million people died - one in eight of total global deaths – as a result of
air pollution exposure. Therefore, the market of ENVI4ALL is quite diverse including almost everyone who cares about
his/her health, mobile developers for weather and fitness apps, smartwatch users, NGOs, public authorities, air purifying
manufacturers, real estate agencies, smart home devices vendors and global services providers such as IBM, Microsoft
and others.
Indicatively, even though asthmatics are not the only target group, there are 235 million asthmatics globally according to
the World Health Organization.
Furthermore, there are 2346 Weather apps (Source: App Annie) with the top 20 having more than 10 million downloads
and 733 jogging apps (Source: App Annie) with the top 20 having more than 5 million downloads.
Already, weather apps with more than 10 million of downloads provide some air quality data but within a limited scope of
country coverage and forecast abilities if any.
Even though there is a significant number of sources of air quality information, they are quite fragmented and dispersed in
different portals while the real-time availability and the representation in an easy to understand format with explicit health
suggestions are not readily available to consumers.
Furthermore, forecasts of air pollution are not readily provided causing hindrances in the planning of activities by
interested users.
ENVI4ALL addresses all the above challenges with the added differentiation of its unique forecasting service which is
devised by our experienced scientific team.
Core Team
Evangelos Kosmidis: Founder and CEO with more than 20 years of experience in environmental projects and IT having
participated in the development of many private and commercial software products. He has extensive scientific
background with a Ph.D in Atmospheric Sciences and Statistical Data Analysis and participation in more than 30 technical
annexes, 20 European projects and more than 30 papers in scientific review magazines and conferences.
Spyros Skiadopoulos: International business development and marketing expertise with a thorough skillset in opening new
markets, designing new offerings and forming alliances with global players having more than 12 years of experience in
technology companies.
Panagiota Syropoulou: An Air Quality expert and Project Manager with extensive experience in air quality monitoring and
assessment of air pollution impacts on human health.
Stelios Kotsopoulos: Scientific programmer with extensive expertise in atmospheric and environmental numerical
modelling. He has strong experience on the development and adaptation of intelligent decision support systems in
environmental and weather forecasting applications.
Stavros Tekes: Senior software engineer with more than fifteen years of experience in software engineering and
web/mobile development. Participated as a technical lead/coordinator in more than ten international R&D projects and has
coordinated technical support contracts for several international organizations.
Investment information
Amount already invested: 50000 ; Amount to be raised: 5000000 ; Patents : No
Company creation: 1 year ago ; Number of employees:5 ;
Beneficiary of an EU grant: Client of the Enterprise Europe Network
Project video pitch: https://www.youtube.com/watch?v=v3wrgH9_Te0
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 32
TERRA HUMANA Clean Technology Development, Engineering and
Manufacturing Ltd. (Hungary) Sector(s): Industry;Technology Client group : B2B
Business Project:
Edward Someus
The Investment Proposal Offer: Implementation of industrial replication franchise model for Bio-Phosphate recovery
targeting EU, Australian and USA markets. Industrial installation for conversion of 20,800 t/y low value food grade animal
bone grist by-products (un-exploited biomass resources) into high added value organic fertilizer and adsorbent natural
products (ABC Animal Bone bioChar and formulated BIO-NPK-C). The results are >€15 million/year EXW business and
>€100 million/year franchise business expansion opportunity (30 replicated franchise units) before 2025. Terra Humana
Ltd. is the only organization in the EU specialized on high nutrient dense bio-phosphate recovery from food grade animal
bones and having high end, comprehensive and economical solution. The knowledge intensive company is specialized for
carbon refinery, carbonization recycling technology and carbon products reuse specialized industrial engineering
organization since 1989.
THE PROJECT: construction (takes <12 months) and full production operations of the bio-phosphate industrial replication
franchise model for processing of 20,800 t/y throughput food grade animal bones for production of 12,500 t/y ABC Animal
Bone bioChar and 4,000 t/y bio-oil output natural products, generating over €15 M/y EXW based revenue over the next
>20 years. The feed material “just in time” supply is already organized. This comprehensive installation meets all the EU,
AU and US industrial/environmental norms/standards together. The advanced technology applied is the revolutionary 3R
zero emission pyrolysis and its auxiliary installations. The 3R field demonstration plant with 2,000 t/y throughput capacity
is also located close by the project location and proven long run demonstrated-operated-tested-validated since 2004.
Based on the long run test/development results the comprehensive industrial engineering for the replication franchise
model has been developed/designed past five years. Hungary has been selected to implement the first industrial
replication franchise model as of significant cost benefits that decreased the CAPEX/OPEX of this project. In franchise
replication model set ups the German CAPEX/OPEX scenario costs calculated as standard model. The EU is >95%, but
most MS 100%, is importing the mineral phosphate (contaminated with Cadmium and Uranium), therefore Phosphate is a
critical raw material as of European Commission decision. The project is strategic important to improve the European food
safety and supply security, and at 30 francise system offering ~5% substitution potential for the EU imported mineral
phosphate fertilizers before 2025 and further on <27% <2035.
Core Team
Edward Someus: age 65; profession: Swedish biochar S&T senior engineer; graduated at the University of Lund, Sweden;
years in the carbon refinery and processing industrial and business sector: 35 years; coordinator, key technology designer
and industrialization scale up engineer for the European Commission RTD circular economical recycling projects since
2002. Owner and managing director of the Terra Humana Ltd since 1989. Magdolna Halasz: age 42; M.Sc. Bioengineer,
graduated at University of Technology and Economics, Department of Agricultural Chemical Technology, soil
microbiologist. Employed by Terra Humana Ltd. since year 2000. Sandor Somfai: age 37; profession: chartered
accountant; specialized on the agricultural sector business, economical, financial, accounting and taxation management,
incl. development of agro investment plans, factoring, taxation strategy, banking and insurance programmes. As the
project is expanding the professional international management team will also be expanded.
Investment information
Amount to be raised = €5,000,000 (CAPEX €4M, OPEX year one €1M). IRR = 20%, pay back = 3 years, full value
technology insuranced. Franchise industrial replication model locations at two sites in West Hungary, located in the center
of logistical hubs = (1) 20,800 t/y throughput capacity commercial production (new installation 2017/2018) and (2) at close
location interlinked industrial training/education site for franchise partners (already completed and operating). EU/MS
Authority permits = valid, already available. Industrial istallation locations are owned by Terra Humana Ltd. Amount cash
already invested to reach full industrial status = €14,324,592. IPR = Strongly IPR protected original solution with core
element of confidential and not publicized industrial engineering design documentation and know-how. The 3R technology
has been developed since 2002 under European Commission FP5/FP6/FP7 applied research programmes, which are
strictly IPR regulated according to the EU regulations. In all cases Terra Humana Ltd. has been the core technology
provider and product developer, also beneficiary of the EU grants. All IPR and results are solely owned by the inventor
Edward Someus and the Terra Humana Ltd./ which legal/financial status is clean/clear.
Number of employees = 13. Project web = http://www.3Ragrocarbon.com,
video pitch = https://www.youtube.com/watch?v=2HCNlYLcxDw.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 33
Gobbler Boats Ltd (England, United Kingdom)
Sector(s): Environmental Client group : B2B
Business Project
Paul Jauncey
Globally, there are hundreds of significant oil spills each year, the majority of which are not dealt with efficiently.
For most incidents, Gobbler vessels could have a major positive impact on the outcome through mitigating the
devastating effects of oil contamination.
Gobbler’s unique vessels can recover up to 1000 tonnes per 24 hours per vessel of water-free oil from oceans,
rivers and lakes, and the oil can be recycled for high financial returns. Arrangements for the placement of large
volumes of recovered oil are already in place in Germany and UK. The Gobbler 290 is Lloyds Register and DNV-
GL Certified, fully patented, and is approved by the US Coast Guard. The US Navy await a trial vessel.
The vessel will be demonstrated to the Federal Government of Nigeria (FGN) in Q1 2017 and the demonstration
will be professionally filmed to facilitate a major global sales drive. Anticipated revenue from FGN for the first
productive year (2017) is € 6,540,000 deriving from 12 inshore vessels, 3 offshore vessels plus ancillary
equipment. We will potentially negotiate a 5 year contract, extendable on a 5 year basis for a further 20 years.
The Nigerian consortium, Coastal Remedies Ltd, of which Gobbler is a part, will act as intermediary and will
ultimately become the preferred distributor for the entire African continent.
The company will focus on production of Oil Spill Recovery Vessels (OSRVs) at its new Welsh facility but is
already in negotiations for licencing production in the USA. Australia also offers a production opportunity. To
produce the vessels and absorbent material, we will need to procure capital equipment and employ up to 40 staff
at the new facility. As additional moulds are produced (in-house) production will expand substantially, ultimately
reaching around 500 vessels per annum per factory.
The vessels will be sold or leased directly to end users, or via authorised distributors. Additionally, the company
will sell trailers, trucks, bladders, Quad and OctoPods, SorbaSolv, service packages, training and hovercraft.
SorbaSolv is a highly efficient oil absorbent material, produced from recycled products and patented additives,
from which the oil can be recovered. The resulting compressed SorbaSolv can then be combined with other
materials to produce biofuel as a valuable, saleable commodity.
Core Team
Directors:
Paul Jauncey, CEO, Jose Suarez, US Director, Simon Jauncey, Technical Director,
John Alexander, Company Secretary.
New appointees to be:
Mark Van Hees, Managing Director, Andy East, Business Development Director, Steve Sharp, Sales Director,
Andrew Darby, HSE Director, Martin Spikings, IT & Systems Director, Neil Rutledge, Financial Director
Investment information
Amount already invested: 618 405 Amount to be raised: 5 000 000
Gobbler Boats Ltd is currently debt-free
Patents : 12 patents granted UK and USA. 4 patents pending UK, USA and EC
Registered Trade Marks for the Gobbler Brand
Design fully owned by Gobbler Boats Ltd (Sole commission)
Company creation: 2009 Number of employees: 5
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 34
BITTLE (FRANCE)
Sector(s): Technology Client group : B2B
Business Project
Christophe Suffys
Bittle is an innovative company specialized in Data analytics, Big Data and Cloud. Bittle enables the collection
and the manipulation of massive datasets to create insights and Data visualizations.Today more than 40,000
accounts have been created on the Bittle BI platform.Based on our customers' needs and the evolution of the
"Data Market", we decided to launch a new platform named DataRendezVous™ in September 2015. We have the
ambition to revolutionize the data market once again. We want to be one of the leaders of the Data Economy.
By creating the first collaborative platform focused on data: DataRendezVous™, Bittle aims to create a vibrant
community with different profiles (Producers, Contributors and Consumers) in order to harvest and enrich data.
DataRendezVous™ enables users to collaborate within private, restricted or public groups. The user can gather
teams from his company, his ecosystem or even create an open group to innovate with any contributors of the
platform. As the network will be collaborative and accessible for everyone, barriers that usually divide and limit the
spread of a solution will break down.
Our platform uses crowdsourcing to draw from collective intelligence. Through this collaborative intelligence
approach, our customers are able to generate new business models and boost their organization’s
innovativeness. Thanks to the collaborative aspect of the platform, data sets are transformed through visual tools
giving an easy and efficient access to information. Business users are able to quickly explore data through a
simple interface and to easily edit the data, without specific technical skills, while more technical users can
manipulate data collaboratively with more advanced modules.
DataRendezVous™ is already successful, with several large firms (Schneider Group, EDF, AXA, Bureau Veritas
Group ...), which already adopted the platform in its Early Bird phase.
We schedule the launch of the first public version of DataRendezVous™ the 5th of April 2017.
During 2017 we will mainly focus on Smart City and Consumer intelligence markets. These kinds of consumers
are very large in the world, Bittle will target these customers in two strategic areas: North America and Europe to
begin with.
Core Team
Christophe SUFFYS - CEO: He holds a MBA from the ESCP-EAP. He spent 18 years as a business developer,
with 12 years in the software industry before achieving his dream of becoming an entrepreneur After all these
experiences, he followed his passion and founded Bittle where he primarily focused on management and
international development. Successful manager, his specialization in international software industry makes him a
key actor of the project.
Morgan VENTIMILA - CTO: He is a graduate from Aix-Marseille University in Computer Sciences. During 8 years,
he held several positions from design engineer to R&D project manager and BI consultant. Co-founder of Bittle,
he is in charge of the company's R&D. His expertise in the development of big data technologies and in Cloud
Computing architectures is invaluable.
Pierre MOUGIN - CXO: He graduated from KEDGE Business School. With his dual backgrouding both the
technical side and the commercial side, Pierre MOUGIN worked for 8 years in the sales development of BI
solutions. He co-created the company with Christophe and Morgan. He manages Bittle’s sales department and is
responsible for providing the best user experience.
+ 2 passionate sales people and 10 amazing geeks!
Investment information
Amount already invested: 2 200 000 EUR Amount to be raised: 5 000 000 EUR
Project video pitch: https://youtu.be/es1HpPynb0w
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 35
Venyo Europe SA (Belgium)
Sector(s): Technology Client group : B2B
Business Project
Gregory Bronchart
We have developed a new flight simulator for B737NG from scratch. Our idea is to propose a lighter, more
flexible, greener simulator to the airlines flying this aircraft. Regulations (in Europe, USA and rest of the world) do
authorize half of professional flight training to be organized on fixed-based training devices, but airlines and
training centers were waiting for a sufficiently realistic and professional device before to follow this way. The
product we propose is exactly this one.
Our business model is innovative, since we install the training devices in customers' facilities (airlines and/or
training centers). Simulators are locally certified (under EASA, FAA or other regulation). We make them ‘ready for
training’ in a ‘Pay-by-the-Hour’ business model where only the flown hours will be charged at a fixed rate. This
revenue model is based on recurrent revenues from a growing base of devices owned, certified and operated by
Venyo, located all over the world.
Over the last 8 years, Venyo has been working on a revolutionary FTD prototype which was revealed and made
its ‘World Premiere’ at the Paris Air Show in 2013. Qualified as a ‘Game Changer’ by the professional ecosystem,
we have delivered the first commercial unit to a training center in Paris, and are now in the process of building
and delivering the next commercial units. We have plans to launch in 2017 development of a second product for a
second type of aircraft, which could significantly increase the customer base.
Flight training is a booming market, directly associated with air traffic multiplied by 2.5 in the next 20 years, and
the number of aircraft multiplied by 2 on the same period (40K airplanes to deliver for both fleet replacement and
growth). The world's commercial aviation industry will require 600K+ new commercial airline pilots over the next
20 years. With our first product, we target about 200 airlines flying the most used aircraft (6000+ aircraft flying and
1000+ backlogs). Our device is designed to train both zero-flight time pilots entering airlines, and airline pilots for
their recurrent training. Depending the airline segment, we will address their needs directly (big) or via training
centers (small). Potential customers are located worldwide.
Some advantages for the customers: rental model, lower operational costs, modular approach, no downtime, low
energy consumption, lower footprint required, worldwide coverage visual and navigational aids, full options &
always up-to-date, light speed setups and customer configurations, real-time logics, real-time aerodynamic flight
model, aircraft logic fully covered, 200x45 collimated display, dynamic weather generation and rendering, remote
configuration and management, post flight analysis, in line with future ICAO/FAA/EASA regulations, etc.
Core Team
- Fabrice Cornet, CEO & co-founder
22+ years in realtime IT and pilot since 1996
- Gregory Bronchart, CFO & co-founder
MSc Business Engineering, financial orientation
15+ years in IT Web and SME management (day to day, strategy & board)
- Jean-Claude Streel, Sales Director
Co-founder and operational manager of EZOS (IT Services Company); managed the merger and integration with
Vision IT Group, 1.000+ employees company. Actively involved in Vision IT Group IPO on Euronext Brussels
20+ years in realtime IT
Investment information
Amount already invested: 6 000 000 EUR Amount to be raised: 3 000 000 EUR
Patents : No
Company creation: > 5 years Number of employees :23
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 36
VULOG (France)
Sector(s): Technology Client group : B2B
Business Project
Grégory Ducongé
Vulog is the #1 independent technology provider of free-floating carsharing solutions.
The Company is one of the only 3 players who has developed and globally deployed its solutions on more than
3,200 cars.
Unique and proprietary one-stop-shop solution. Vulog is the technology brick in the carsharing value chain
enabling any company to turn itself into a transport operator.
Vulog has proven its ability to attract large global customers, e.g.Evo, largest independent free-floating service in
North America (1,000 cars under operation in Vancouver).
The Company benefits from a growing customer base (mobility operators, rental companies, car manufacturers,
fleet managers, cities, etc.) with a very high potential. Our carsharing solution is used in Canada, France,
Denmark, Spain and Belgium.
Our solution:
- One-stop-shop solution, from mobile applications and in-car technology to fleet management and
support services
- Car agnostic and reliable technology proven at scale
- Complete software solution developed in-house + OEM compliant on-board technology
- Compelling and seamless experience for end-users: 3 clicks to be on the road
Our business model:
The Company’s business model is mainly based on a SaaS model enabling recurring revenues. In 2016, Vulog
revenue is growing by +80%. Recurring revenues will reach 40% of total revenues in 2017, and will keep growing
in subsequent years.
Why invest now?
- Major shifts seen in the mobility market including the reduction in car ownership
- Global carsharing fleet expected to be multiplied by c. 4x by 2020 with potential for much more
- "Sharing economy” companies, such as Uber and Airbnb, have fundamentally changed user behavior
from personally owned asset towards shared ownership
- Innovation driven enabling the company to become a leader in the wider Mobility-as-a-Service
industry
Core Team
CEO with successful track record in the software and automotive sectors
Top Management team with complementary backgrounds and international experiences
Solid organizational structure with strong in-house expertise in software and hardware development
Headcount of 46 people
12 nationalities
Investment information
Amount already invested: 10 000 000 Amount to be raised: 15 000 000
Patents : We hold 2 patents.
Company creation: 2016 Number of employees :46
Beneficiary of an EU grant: -
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 37
Hook Sistemas SL (Spain)
Sector(s): Energy;Transportation;Industry;Technology Client group : B2B and B2C
Business Project
Eduardo Martínez
Martínez
Techbuoy introduces the first barrier of maritime access that can be control remotely. Its operation is very simple.
Only vessels with authorisation are granted access to the restricted area through our barrier that can be actioned
anytime through a smarphone or remote control.
Techbuoy is the first barrier for maritime access in the world. It is composed by a hardware and a software and it
was financed by the action FP7-Eco Innovation. The product is already finished ant it aims to become the market
leader in terms of maritime accesibility.
Our solution can be selled to all maritime places with vessels traffic. Marines, harbours, mooring buoys areas,
seaplanes areas, private properties, etc.
The revenue model is:
-To sell the whole solution (hardware+software) to any maritime area that must be managed:
a) Harbours
b) Private Properties
c) Buoys areas
d) Any maritime area.
The main cometitive advantages of our business are:
- Be the first in the market and the pending patent certificate gives us a huge opportunity.
- The rising need of safety procedures and technological improvings in that industry.
- The company created the first online platform of mooring bookings in the world (www.hooknautic.com)
What we have achieved with Techbuoy is a tested prototype and the final product. On 3rd of October 2016
finishes the project with Eco Innovation so we are now able to start to commercialize the product
The nautical tourism is experiencing a huge growth. That means more vessels, more traffic and less safety. With
our solution we will be able to manage in real time all the entries in maritime areas thanks to the software and the
barrier. That will help authorities to control vessels and to ensure a high safety level. More efficiency, more safety.
Core Team
Baltasar Estarellas:
- Economist and MBA.
- Founder of www.hooknautic.com in 2005, the first online platform of mooring bookings in the world.
- More than 20 years of experience in nautical tourism, developing different projects.
Eduardo Martínez:
- Economist and Marketing expert
- Project manager in the Eco Innovation stage.
Miguel Bonet:
- Industrial Engineer.
- More than 20 years working in the sector.
Investment information
Amount already invested: 2 000 000 Amount to be raised: 3 500 000
Patents : We are in process
Company creation: > 5 years Number of employees :3
Beneficiary of an EU grant: Eco Innovation
Project video pitch: https://www.youtube.com/watch?v=V3TVVoQMzf0
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 38
Dutch Awearness (The Netherlands)
Sector(s): Fashion & Life style;Technology Client group : B2B
Business Project
Rien Otto
Dutch Awearness is the pioneer and frontrunner in chain management for the textile industry. As chain manager,
we develop work wear and corporate wear that is designed to be reused.
We design and produce 100% recyclable garments
Control the circular chain
Create eco-effective innovations
Design and manage new circular textile supply chains
Test market validation of the new business models
Developing a cooperation for circular workwear (The Dutch Circular Workwear Association), offering our circular
workwear to the European market, optimising our circular track and trace system and offering it to a wide range of
sectors, sales of our closed loop solution Cliff (hard plastics made from used clothing fibres and used plastic, for a
wide range of applications).
Corporate wear and workwear
We generate a percentage on the sales of the workwear, on a license fee for the track and trace system, on
recycling conventional clothing to Cliff and on the sales of Cliff products
We recently completed the Eco Innovation project EcoProFabrics (an innovation project from the European
Commission), we were a finalist in The Circulars in 2015 and one of the top innovators in LAUNCH Nordic in
2014.
A fully closed loop for workwear, new technology to close the loop, pioneer in textile innovations
Core Team
Rien Otto - CEO
Iris van Wanrooij - Operational Manager
Niek Hokken - Innovation Manager
Samantha Gubbels - Design
Investment information
Amount already invested: 1 800 000 EUR Amount to be raised: 5 000 000 EUR
We will use the investment to create a fund for our cooperation (The Dutch Circular Workwear Association). The
association includes leading Dutch producers and dealers of workwear, and Dutch Awearness, in order to up-
scale the use of circular workwear throughout Europe. In this association, we will not only sell circular workwear,
but we will also offer the circular workwear performance based (with a leasing structure). This means that
customers pay for our services, instead of for the purchase of the circular workwear. The service includes a total
package (workwear tailored to their needs, personal delivery, washings, repairs, the pick-up of their old workwear,
the recycling and the delivery of the new circular workwear). For this complete service, the client pays a monthly
fee. We will need a fund for the cooperation, in order to be able to pay for the prefinancing costs. These
prefinancing costs include every costs made by the cooperation before the first delivery of the clothing, including
design, production, transport, communications expenses, sales costs, etc. This model results in a shift in
ownership and responsibilty from client to producers, in long term relationships with the clients and in durable and
high quality products that are recycled after use.
Patents : No
Company creation: 4 years ago Number of employees :4
Beneficiary of an EU grant: Eco Innovation
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 39
INNCEINNMAT, S.L. (Spain) Sector(s): Food;Energy;Industry;Technology Client group : B2B and B2C
Business Project
Emilio Nieto
The raw materials market needs efficient technologies that allow the recovery and valorisation of mineral resources
unfeasible today because there is no sustainable cost-efficiency technology within the market. Added value
performances, new profitable opportunities to treat unaffordable raw materials, controlled costs, and flexibility process
are the main challenges to be developed. INNCEINNMAT has developed new treatments that use microwave
technology for several industries with a TRL between 5 and 8 (chemical reactor, smart SAPs, metallurgical processes,
especial controlled drying (food, ceramic, sewage sludge, wood, …), curing (natural stones as marble and granite),
sintering (ceramic), nanofluorescents, among others).
The Business project proposed is the up-scaling and implementation of a TRL 6-7 new continuous system already
developed for the extraction of minerals in mining deposits, to be further deployed within the market (TRL 9). Having
achieved very good results, it is now necessary to increase the amount of material treated and then to manufacture an
equipment on a real industrial scale to carry out in situ tests to validate it and to reach TRL 8-9.
The novel and radical electrometallurgy process is based on the application of electromagnetic fields in microwave
frequency, to induce physical and chemical changes selectively in metals, allowing their extraction, concentration,
enrichment and purification. It is a versatile, flexible, portable, dry and electrical treatment system. It is more efficient
than BAT solutions (hydro- pyro or bio-metallurgy), with low energy consumption and high productivity, lower
maintenance costs, without generation of polluting waste water, and allowing dust and gaseous pollutants’ emissions
control (particularly sulphides and heavy metals such as arsenic, cadmium and antimony) what limit the competence
systems. It has unique properties of selectivity that make it the only viable option in a large number of complex,
polymetallic and low-grade raw materials. It allows treating them in arid zones, remote and difficult accesses exploitation
areas where BAT approaches are limited.
INNCEINNMAT proposes to license it to the sector's stakeholders (large and small mining companies, suppliers and
technology prescribers, mining specialists, managers and value-added exploiters) that build, manage and exploit mining
sites. The financial projections contemplate both the exploitation and commercialization in key mining and metals
European countries as well as Chile, Peru, China, USA among others.
First financial approaches for Iron beneficiation only will show an initial investment of 5M€ respectively for producing the
final system to be validated and ready to be deployed within the market in 1.5 years. Taking into account the average
costs to develop this final stage (around 1M€), an average cost for the license cost of the system (75.000€ + 5% variable
over exploitation incomes), and an extraction cost for Iron of 32€/t and a selling price of 50€/t, a cumulative revenue
higher than 62M€ and a cumulative net profit of 42.43M€ will be achieved, with more than 800 units sold to treat 1.28
million of tonnes (IIR=34%; NPV=33,32M€; Payback=2,1 years).
Core Team
Diego Carrasco Jiménez (is President and Founder of INNCEINNMAT. Gaduate in Law and Master in Maritime Law by
the University of Valencia. He is specialised in commercial and corporate law. He has more than 20 years of experience
in the design of company's corporate and commercial strategies.
Angel López Buendía, PhD is CEO of INNCEINNMAT. PhD in Geosciences (U. Granada, ES, U. Zaragoza, ES, U.
Leicester, UK). Long experience in material research, material processing, geomaterials and geometallurgy. Co-author
of 30 peer review scientific papers and 12 patents.
Emilio Nieto, PhD is Business Development Director of INNCEINNMAT. PhD in Chemistry from Autónoma University of
Madrid, Master in PRLs (3 specialities). EOI professor Master on Management of Eco-innovative industries. More than
20 years of experience in R&D projects management and business development of new products/processes and
industrial applications in multinational enterprises. Co-author of 2 patents and 13 peer-review articles.
Investment information
Amount already invested: 1.600.000€ Amount to be raised: 5.000.000€
Patents : • Procedure and device for selective extraction of metals from raw mineral, device and system (2015).
• Procedure for calcination of granular silicates(2015).
• Procedure for materials drying based on multisource energy (patent pending).
Company creation: > 5 years Number of employees: 7
Beneficiary of an EU grant: Eco Innovation, FP7, SME Instrument, H2020.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 40
EcoRub AB (Sweden)
Sector(s): Industry Client group : B2B
Business Project
Åke Paulsson
We have 20 years of experience in the field of recycling of rubber from descarded tires into a new hybrid material
with properies similar to SBR rubber and termoelasts.
We blend rubberpowder from descarded tyres with polyolifin polymers (preferably recycled) and copolumers into
a hubrid termielastic material with similar properties as vulcanized rubber or elastomers.
Investing in equipment for making rubber sheets and rawmaterial for injection molding and investment in
marketing.
- Market for sheets or mats of rubber
- Market for pellets for injection molding
We can produce material with good properties from cheap recycled materials as rubber from tires and recycled
plastics.
Similar properties as simpler and moderate rubber products.
Good mechanical properties
Good resistance to liquids
Excellent resistance to wind and weather - cold-and UV-resistant
Excellent resistance to fatigue
Good abrasion resistance
Easy to recycle
Lower weight
Lower costs
Carbon dioxide savings
One of hundred most promising Ecoinnovation project according to EcoInnovation SEEDS
The motivation for the EcoInnovation Program to grant EcoRub funding:
“The creating of Europe´s first value chain of recycled rubber from end-of-life tyres to high quality rubber & plastic
end products brings the beginning of a solution for the recycling of tires in Europe.”
Core Team
CEO, entrepreneur and inventor: Åke Paulsson
Investment information
Amount already invested: 2 500 000 Amount to be raised: 5 000 000
5M€ will be used to buy a production plant for 1,5 M €, by buildings for 1,5M€ and invest in running capital and
marketing 2M€.
Patents : We have one patent
Company creation: > 5 years Number of employees :5
Beneficiary of an EU grant: Eco Innovation
Project video pitch: https://www.youtube.com/watch?v=8cmsGarUn7o&feature=youtu.be
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 41
PLASTICOS HIDROSOLUBLES SL (Spain)
Sector(s): Technology;Other Client group : B2B
Business Project
Elena Moreno
Plasticos Hidrosolubles, S.L. is a Spanish private company incorporated in 2003 and located in Rafelbuñol,
Valencia (Spain). The company is focused in research, production abilities and expertise in the production of
plasticized polyvinyl alcohol, formulation, compound production and pellets manufacturing. This product can be
transformed into film, bags, pieces using classical blowing, injection-blowing and injection moulding. Hydrosolubles
is the sole producer of this kind of plastic in the Iberian peninsula, and holds a unique position in the international
market in terms of R&D and product development. The products obtained are characterized as non-toxic (UNE-
EN-ISO 7346 and 6341), biodegradable (UNE-EN-ISO 14852), water soluble at different temperatures (5 to 70 ºC)
and compostable according (UNE-EN-ISO 13432) Vincot Logo available.
Most of our competitors are limited in their scope of solutions to the film application area. we have also a new
product ready to lunch into the market "3D filament 100% water soluble to be used as a support or as a model in
3D printing machines". In all these areas we are expanding our client base with bigger clients and it will require
more than doubling our existing capacity over the next 3 years. Currently operating with customers in a wide range
of industries, such as health care, fertilizers, detergents, retail distribution, concrete and textiles. PVA brings
functionalities that overcome those of the traditional plastic. Limited competition as other players do not reach
Plasticos Hidrosolubles high quality standards. Mainly in the injected pieces and technology
Actually the structure for our 98% of sales is : Turkey 25,12% / Germany 20,09% / UK 15,04% / France 10,25% /
Italy 6,61% /Portugal 6,38% / Perú 4,86% / Austria 2,58% and USA 2,17%
sales structure: 67-60% directly to final clients ;33-40 % THROUGH DISTRIBUTORS, actually we have in : uk (2)
;central europe (2) ;latin america ( mexico , chile and peru) ;Turkey
CLIENTS: We have around 59 clients along the world . Most of them in Europe . about 62 5 of the sales belong to
9 direct clients ( water soluble film for packaging and protecting surfaces during production process) . The 28%
belong to 19 of the clients (film for embroidery application and laundry bags for hospital), last 10% belongs to 31
different clients ( firework cases , urns for ashes, dosing bags or Green shoot wads for cartridges are some of the
applications)
1.- Factory up and running at the end of 2006 ; 2.- Projects at European level with high success and EU financing:
gren shoot eco wad (cartridges); fireworks cases, 3D printing filament , urn for ashes ; ..etc
3.- External financing obtained and rescheduled. ; 4.- Breakeven expected by 2016-2017
5.- First client above 1 m€ 2017-2018 ; 6.-Biggest cement and concrete producer worldwide homologation to
produce an innovative product unique in the market. 7.-Multilayer structure developed with one of the most
relevant industry in the food packaging sector with very high oxygen and gases barrier properties
Core Team
We are a very compromised team of people that expect to contribute in positive with an eco-friendly material and
product. Most of the 50% belong to Plasticos Hidrosolubles since the begging of the company. Almost the 45% of
the company personnel structure have high level of capacities and studies and are graduates in engineering and
polymer experts. Strong design capabilities to develop new products and collaborate with customers and third
party engineering companies, resulting in new technologies applications: fibers, filament, packaging,
compoundings, etc.
Investment information
Amount already invested: 9 800 000 Amount to be raised: 6 000 000
patents : patents: wads for cartridges (ep14707333ep & p14772896us) -eco-friendly coffin (epo14724665ep &
p1020157032417kr) -method for preparation of polyethenol pellets of high fluidity and polyethenol pellets (p
200950058 es & p 200880118026 cn).procedimiento para la inyección de piezas de polietenol y piezas asi
obtenidas (p 200950059 es)trade marks: green shoot shooting without trace (a 11101581 em & m 86278734 us) -
green cycles (a 8807265 em)designs: green shoot wads for steel and lead : k 2147371 em1 - k 2147371 em2 -k
2174599 em 1 - k 2302661 em 1 & k 2302661 em 2 -eco friendly coffin : k 2226787 em 1 - k 2226787 em 2
company creation: 2003 number of employees:12 beneficiary of an eu grant: eco innovation
Project video pitch: http://www.greencycles.es/
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 42
Fiigee (Belgium, France, Luxemburg)
Sector(s): Sharing economy, Tourism, IoT Client group : B2B and B2C
Business Project
Weronika Kasprzak
1. What is the concept?
A market place for experiential travel. A platform made by travelers for travelers that connect people wanting to
experience unique journeys and build the new Millenials nomads community.
2. Who will use it?
a. The Guests: the Millennials (50% of the travelers in 2025 – US $ 360 billions international travel
expenses ) wanting a personalised travel in a fun, affordable and efficient way.
b. The Hosts: people wanting to make money out of their knowledge, experience, assets and services.
3. How will this idea help people?
a. The guests will find a unique experience that matches their wishes for a very competitive price in a
totally secured environement.
b. The hosts will make their passion, knowledge and experience profitable while benifiting of a global
exposure thanks to the FIIGEE platform and its marketing.
4. Business Model
a. What will we charge? 3% on the Hosts, 8-12% on the Guests
b. How will we get paid ? Automatically trough the FIIGEE platform. The fee is retained before withdrawing
the money to the hosts
5. How else are we going to make money from this project?
Sell our own insurance, connected objects, branded content, advertisment on the Fiigee media
channels, customer DB, pictures and movies DB.
6. Hustling
a. How will users learn about FIIGEE?
i. Massive Ad words and SEO investments
ii. Targeted social media marketing campaign
iii. Localized on-line/off-line advertising campaign
iv. User generated marketing
b. How can we encourage referrals?
i. By offering” FIIGEE miles” to Guests and Hosts who bring us new Guests or Hosts
ii. By creating a Millenials Traveler Community
7. Innovation
a. Own algorythm and search engine to acquire Hosts and Guests
b. Fiigee secured own money and credit card
c. User generated marketing
d. Bot support and data retrieve based on NFC chip
Core Team
CEO : François is a co-founder of FIIGEE. Journalist, economist and political scientist, over the last 15 years, François has
founded and managed 4 digital communication agencies (3 out of 4 listed), managed up to 380 people and sold 3 start-up
in the on-line industry.
Marketing : Weronika is a co-founder and Marketing Director of FIIGEE. She is responsible for video content production
and communication campaigns. Weronika is video and movie production director for the last 10 years and holds a Master
degree in French literature and a other one in Political Science.
CTO : Jens joined the team as CTO. He is a software engineer at heart with 20 years of experience in web technology. He
held various positions in the online travel industry over the past 15 years and co-founded India's number one travel search
iXigo. Most recently he worked as Head of Web Development for Thomas Cook and as CTO of book2meet. His company
Jedata helps startups and SMEs to leverage technology in a pragmatic way.
Social Media : Irina is community manager @ Golfe de Saint-Tropez – Tourisme. She Holds a Master in e-communication
from Aix-en-Provence University, a pro-tourism license and a national certification of tour guide, she held successfully the
function of Digital Manager for 3 and a half years in Office of Iourism of L'Isle-sur-la-Sorgue (Vaucluse)
Investment information
Amount already invested : 300 000 Amount to be raise d: 2 500 000
Trade mark : Registered Number of employees : 3 Suggested premoney valuation : € 1 million.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 43
SecludIT (France)
Sector(s): Security;Cloud;Workload;Technology Client group : B2B and B2C
Business Project
Sergio Loureiro
SecludIT is a software company, founded by seasoned experts in network infrastructure security and
virtualization. Started in 2011 to answer security and vulnerabilities in IT infrastructures, the enterprise has
become an industry recognized player, building partnerships with companies such as Microsoft, Amazon Web
Services, VMware, HP and Docker.
Founding member of the Cloud Security Alliance, SecludIT is recognized worldwide for its technology proven
results. SecludIT provides security services and software to help securing infrastructures and data, Web and e-
commerce sites.
Elastic Detector outperforms existing solutions by shifting security audits to a
new model: continuous and adaptive surveillance, which dramatically
minimizes risks of cyber criminality damages while lowering operational and
maintenance costs.
Elastic Detector is agentless, alleviating security administrators daily duties: no need for costly and cumbersome
deployments or maintenance operations.
Still Elastic Detector delivers on the promise of in-depth security analysis: it scrubs servers out thanks to its
unique cloning feature, that makes diagnosis running into the server clone while the original production server is
left untouched. Dormant servers (invisible from typical scanners) are captured and cloned by Elastic Detector so
they can be analyzed and secured as well.
So, its customized reports bring the right information at the right person. C-Suite gets the risk level of their
company thanks to understandable KRI (key risk indicators) and technical teams have detailed reports with all
security issues.
Core Team
Sergio Loureiro – PDG and cofounder
20 years of experience in security; 3 patents; PhD ENST Paris
Former MailInBlack CTO and NetSecureOne R&D Director
Frédéric Donnat – CTO and cofounder
18 years of experience in security and SaaS business operations
Linux expert; MailInBlack and NetSecureOne security appliances expert
Sébastien Aucouturier – R&D director
18 years of experience in security and cryptography
ITrust &, NetSecureOne security expert
Jean-Marc Blanc – VP Sales
25 years expertise, security market expertise with Splunk
Investment information
Amount already invested: 3 000 000 Amount to be raised: 3 000 000
Patents : SecludIT holds 2 patents on security technology
Number of employees :14
Beneficiary of an EU grant: eBob and consortium Secure Virtual Cloud
Suggested premoney valuation: 6€ million. Option to obtain larger company share byuing existing shareholder
shares.
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 44
La Mia Energia (Italy)
Sector(s): Energy;Industry Client group : both
Business Project
Eva Fazio
La Mia Energia s.c.a.rl. is a limited liability non-profit consortium company, founded in 2009. It first began its activities as an
ESCO, then in the following years it also became accredited as a Research Organization by MIUR- Italian Ministry of
University and Research).In 2013, it becomes a Collective System for the management of professional WEEE throughout the
national territory, recognized by the Ministry of Environment. La Mia Energia operates at an international level, especially in
the field of the recovery and management of end-of-life photo-voltaic panels; from the collection phase to that of transport and
treatment, including the recycling of waste through the recovery of precious raw materials or the transformation of waste into
energy. Within the energetic sector, La Mia Energia has developed a large number of projects, mainly for RFI (the Italian
Railway Network), finalized to improve the energetic performance of the entire national railway network. It has also
implemented projects related to Energy Efficiency in public buildings and Relamping for a number of italian municipalities.
La Mia Energia scarl has focused its research and development activities on the area of Green Economy, continuously
reinforcing the competitiveness of the company and gaining a position of technological leadership the field.
The key areas of the Consortium Research activities and the development of its actions are addressed in two fields:
Solutions for energetic efficiency and improvement and waste management and environmental impact reduction.
The project we wish to present at the International Private Equity Market (IPEM) is PV-Mo.Re.De., a mobile plant for the
recycling of disused photovoltaic modules aimed at recovering the raw materials (aluminum, glass, copper, photo active
materials) and energy (CDR-Eva and Tediar) contained within. Our revolutionary system has virtually zero environmental
impact and can be used for all types of modules (first, second and third generation). PV-Mo.Re.De is also able to operate
directly in the location where the PV modules are installed, thus dramatically reducing intermediate logistics costs.
The mobile system introduces a new technology in the recycling of photovoltaic panels: in place of the currently used
thermal-chemical treatments, our device intervenes with an innovative exclusively mechanical process. The treatment
process lasts only two minutes per panel and only two people are necessary for the functioning of the machine.
PV-Morede is able to recycle up to 98% of a single PV-panel, maximizing the recovery of materials (aluminum, glass,
photoactive materials, copper) reusable in new production processes, and at the same time to produce energy (CDR, Eva
and Tedlar). The implementation of the PV panel mechanical recovery process leads to a great number of advantages if
compared with fixed installations (thermo-chemical incinerators or leaching plants):
- Reduces panel treatment costs up to 40% per ton
- Sustainable alternative to panels storage and disposal in landfills
- Reduced environmental impact and reduced CO2 emissions
- Simple administrative management for the compliance with the rules of the sector
- Fastest and cheapest solution to establish supply chain for PV panels treatment
- Answer to legislation WEEE Directive 2012/19/CE
- PV-Mo.Re.De. gives competitive advantage to panels manufacturers, allowing them to increase the range of related
services, in the growing solar industry sector
- Ability to treat the thin-film modules containing cadmium and tellurium classified as hazardous waste with waste code 16 02
13 (out of order products containing hazardous components other than those mentioned in 16 02 09 and 16 02 12)
- Universality in the treatment of panels of 1st, 2nd and 3rd generation
- Mobility and improved logistics management
The planned approaches for market penetration are of three kinds:
- sale of the device (direct and franchises);
- rent of device in exchange for a fee and participation in the resale of raw materials (direct and franchises);
- provision of PV panel processing services with subsequent resale of recovered materials (direct)
Core Team La Mia Energia Scarl, Coordinator (Italy), has a team composed of experienced engineers, managers and researchers. We
developed the research activities in cooperation with international partners:
•University of Florence-Department of industrial engineering (Italy);
•Leitat Technological Center (Spain);
•PV Cycle (Belgium).
Investment information Amount already invested: 900000 ; Amount to be raised: 2000000
Patents: - International USA patent PCT # 15/105.332 for PV Panel disassembling system allowing the recovery of
raw materials.- European patent PCT 14833229.9 for PV Panel disassembling system allowing the recovery of raw
materials. Company creation: 3 years ago; Number of employees: 10 ; Beneficiary of an EU grant: Eco Innovation
Project video pitch: https://www.youtube.com/watch?v=L7UDkRX-6Qw
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 45
EUROPEAN COMMISSION
Executive Agency for SMEs Department A, Unit A1 COSME
Contact: Thomas Steiert
E-mail: [email protected]
European Commission B-1049 Brussel
Executive Agency for SMEs – Enterprise Europe Network at IPEM 2017 page 46
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