In the dynamic epicentre of Europe’s innovation landscape, a transformative movement is quietly unfolding. The INVEST project, funded by the European Union, is not merely another initiative; it is a pivotal force redefining how breakthrough innovations transition into the competitive market. To explore its profound impact, I engaged in a revealing dialogue with Alex Foster, an experienced innovation analyst who has closely monitored the project’s progress. Our discussion unearthed a compelling narrative of change, opportunity, and the bridging of critical gaps within the innovation ecosystem.
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One of the enduring challenges faced by European innovators is the chasm between pioneering research and market readiness. As Alex Foster insightfully noted over a contemplative espresso, “INVEST is directly confronting this issue by addressing the disconnect between researchers and investors. Historically, researchers have struggled to effectively convey their ideas, while investors have found it challenging to assess and engage with emerging innovations from the academic and research sectors.” The INVEST project is innovatively closing this gap by integrating data from the Innovation Radar with external insights, employing meticulous due diligence to ensure that both researchers and investors are well-prepared for effective collaboration. This is not a mere matchmaking effort; it is about equipping researchers to become genuinely investor-ready. The introduction of venture-building programmes and technical due diligence activities are proving to be transformative.
The numbers associated with INVEST speak volumes. Since its inception, the project has supported 312 startups, securing an impressive €930 million in funding. These figures are far from abstract; they represent tangible impact and transformation. A prime example is the Greek startup Brite Solar, which is innovating with Solar Glass technology for energy-efficient construction. With the support of INVEST’s venture-building assistance, Brite Solar has successfully raised €8.6 million, building on previous EU funding. This success story extends beyond the realm of construction and serves as a testament to the global scalability of EU-funded innovation.
Another captivating story is that of NVISION Imagine, a company at the forefront of revolutionising medical diagnostics with quantum technology. Their groundbreaking innovations are poised to herald a new era in healthcare. With €30 million raised in a Series A funding round, NVISION Imagine is garnering significant global interest. These success stories are not isolated incidents; rather, they are indicative of a broader trend facilitated by INVEST’s strategic matchmaking and expert guidance.
The true success of the INVEST project lies in its holistic approach to innovation. It transcends the mere acquisition of funding and aims to equip startups with the necessary skills and knowledge to thrive. By leveraging tools like the Innovation Radar and complementing them with venture-building support, INVEST accelerates research-driven startups on their journey to market success. Alex highlighted the significance of curated pitching events, which have facilitated 241 strategic introductions through platforms like Discover.dealflow.eu. These events are not merely networking opportunities but are meticulously designed to connect the right innovators with the right investors. This thoughtful and strategic approach positions INVEST as a beacon in the European innovation landscape.
Looking ahead, Alex Foster expressed optimism about the future of EU-funded innovation. The INVEST project underscores the pivotal role public funding plays in empowering European research, solving real-world problems, and positioning Europe as a leader in global innovation. As our conversation drew to a close, Alex shared a vision for the future. Projects like INVEST are not solely about immediate gains; they are fostering a culture of innovation with enduring impacts on industries worldwide. The upcoming EU Startups Summit 2025 epitomises this vision, offering a platform for innovators to showcase their groundbreaking work and engage with industry leaders.
Reflecting on my conversation with Alex, it becomes evident that the INVEST project is more than just a funding initiative. It serves as a catalyst for change, a bridge connecting research labs to the market, and a testament to the power of strategic, well-executed innovation funding. For Europe’s most promising innovators, the future indeed appears bright.
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