Unlocking the challenge of the European Green Deal

Six start-ups from the EIT RawMaterials portfolio have been selected as part of the European Innovation Council’s Accelerator call. They will receive funding ranging from EUR 2 to 10 million to accelerate their development.

The European Innovation Council’s (EIC) Accelerator Call aims to support start-ups and small businesses to develop their first-rate innovations. Following a competitive process, the EIC awarded a grant of EUR 627 million to 99 start-ups from 21 countries to help them bring their promising technologies to the market. Information and communication technologies, health, energy and space are the most represented fields.

Raw materials industrial projects are also not left out of this selection by the EIC, like the six start-ups supported by EIT RawMaterials. Above all, these projects have an environmental aspect, supporting the achievement of the EU Green Deal.

Building on the coaching and financial support through the EIT RawMaterials Accelerator and Booster, the teams have been able to scale their solutions and demonstrated first successes.

The awarded teams are:

• BroadBit Batteries (Finland) provides cost-efficient, safer batteries from common, safe and available raw materials.
• Circular Materials (Italy) has developed a supercritical treatment of process wastewaters from surface treatment industry metals.
• Lekatech (Finland) is working on an electric breaker hammer transforming the mining and construction industries to zero-emission.
• Magment (Germany) developed an efficient and robust wireless inductive charging system for material handling electric vehicles.
• MagnoTherm Solutions (Germany) provides highly efficient and sustainable refrigeration based on solid-state Magnetic Cooling Device.
• Recycleye (UK) was selected for their AI-based technology for the recovery of target materials from municipal solid waste streams.

Congratulations to the teams of the six start-ups awarded under the very demanding EIC programme of the European Commission for these excellent results. This illustrates the impact for the raw materials sector of detecting and supporting strategic projects by EIT RawMaterials.