EIC and EuroQuity-Bpifrance Healthcare Investor Day in Paris: visibility for innovators, concentrated investor flow

Brussels, October 31st 2023
Summary
  • On 23 October 2023 the European Innovation Council and EuroQuity-Bpifrance held a Healthcare Investor Day in Paris with 18 EIC-backed companies and more than 60 investors.
  • The event generated over 150 one-to-one meetings and a full day of five minute pitch sessions focused on Alzheimer's, cancer, heart disease and antimicrobial resistance among other areas.
  • Investors praised the pre-selection rigor of the EIC process and the quality of pitches but cautioned that visibility must be followed by tangible funding and clinical progress.
  • The event is part of a broader EIC programme that aims to prepare beneficiaries for investor engagement and to promote co-investment alongside the EIC Fund.

EIC and EuroQuity-Bpifrance Healthcare Investor Day: a curated meeting between deeptech health startups and European investors

On 23 October 2023 the European Innovation Council joined EuroQuity operated by Bpifrance to stage an investor showcase in Paris. The one day event brought 18 companies from the EIC portfolio together with more than 60 investors drawn from a long list of European venture capital and corporate funds. Participants logged more than 150 one-to-one meetings and sat through rapid five minute pitches from each selected company.

Numbers, format and immediate outcomes

Organisers emphasised volume and curation. The day combined short, sharp pitch sessions with dedicated networking time and preselected bilateral meetings. That format is designed to give investors a quick sense of technical claims and commercial potential and to create immediate follow up opportunities. Several company founders said investor interest appeared to translate into meaningful conversations during the event.

MetricValue
Date23 October 2023
EIC innovators presenting18
Investors in attendance60+ (including leading European VCs and corporate investors)
One-to-one meetings150+
Pitch formatFive minute presentations per company followed by Q&A and networking

Who judged and who took part on the investor side

A jury of investors carried out the pre-selection that determined which EIC-backed companies would appear in Paris. That panel included partners and analysts from a wide range of specialist funds and corporate investors across Europe. Their participation is intended to signal to other attendees that the companies have already passed a layer of investor scrutiny.

The announcement listed the jury members and participating investor organisations as follows.

Investor organisations represented50Partners, Adbio Partners, Angelini Ventures, Cap Horn, Debiopharm, Dieter von Holtzbrinck Ventures, Earlybird Venture Capital, EIT Health, Elaia Partners, FASE - Financing Agency for Social Entrepreneurship, HTGF, HV Capital, Invivo Capital, Karista, Karot Capital, Kurma Partners, LifeX Ventures, Miura Health Capital, Novartis, Omnes Capital, Panakès Partners, Seroba Life Sciences, Speedinvest, Supernova Invest, Truffle Capital, Verge HealthTech Fund, Vesalius Biocapital, Verve Ventures, Yaya Capital

Company spotlights from the floor

PROSION Therapeutics:Prosion, a German biotech led by CEO Slim Chiha, uses a proprietary chemistry platform the company describes as enabling 'druggability' of intracellular disease drivers. Prosion positions its approach against targets implicated in cancer, Alzheimer’s and heart disease. The founder framed the Investor Day as a concentrated opportunity to reach many investors efficiently and reported strong engagement during the pitch and Q&A.
Glycanostics:Glycanostics from Slovakia presented a blood test technology that claims to detect and differentiate up to 11 types of solid tumours by analysing glycans in serum. CEO Eva Kovacova said early investor conversations began even before the morning sessions. The company has benefitted previously from EIC support and described the event as useful for raising visibility with specialized investors.
IMMUNETHEP:IMMUNETHEP, a Portuguese company represented by CSO Bruno Santos, is developing a multibacterial vaccine aimed at tackling antimicrobial resistance. Santos stressed the importance of sector-specific investor engagement for niche areas such as AMR and said the event put the team in direct contact with investors they had wanted to reach for some time.
FEops:FEops, represented by CFO Isabelle Decroos, provides cloud-based patient-specific predictive simulations to support structural heart procedure planning. The company has previously participated in EIC activities. FEops markets a platform that combines computational modelling and AI to simulate device-anatomy interaction for procedures such as TAVI and left atrial appendage occlusion. The firm emphasised the value of well organised EIC events to find relevant investors and industry partners.

Why investors said the EIC pipeline appealed to them

Investors on the jury praised the quality of the pitching companies and the efficiency of the format. Several recurring themes surfaced during conversations and in remarks quoted by organisers. Jury members pointed to the strictness of the EIC selection process, the clarity of pitch training EIC companies receive and the ability for events like this to deliver a high volume of 'top-tier flow' of investment opportunities. Those are real benefits, but they do not represent guarantees of funding or clinical success.

Investor comments:Claire Corot from Truffle Capital said she was impressed by the short, direct presentations and variety of theses. Tiago Menezes of Yaya Capital highlighted the filtering effect of EIC selection and added that companies that get to pitch have typically already been coached on what investors look for. These endorsements reflect investor experience with the EIC, but they should be read against the caution that initial interest is only the first step in a long funding process.

A full list of the EIC companies that pitched

Pitching companies
Actome GmbH
Capri Medical
Celeris Therapeutics
CorWave
FEops NV
Glycanostics s.r.o.
IMMUNETHEP
INBRAIN Neuroelectronics
InVera Medical
MethinksAI
NETRIS Pharma
Neuroclues
ORIXHA
PROSION Therapeutics
SquareMind
TILT Biotherapeutics
Tucuvi
Yonalink
Also selected but not presentGrayMatters Health and iLoF

Context on EuroQuity and EIC support programmes

EuroQuity-Bpifrance:EuroQuity is a matchmaking platform run by Bpifrance that connects European SMEs and startups with investors and partners. It offers curated e-communities and credentials that aim to increase visibility and access to financing for member companies. The platform has been used previously in EIC ePitchings and investor days.
EIC Ecosystem Partnerships and Co-Investment Support Programme:This programme extends the EIC Business Acceleration Services by building a network of sector-focused partners. Its goals include preparing EIC beneficiaries to engage with investors, facilitating matchmaking and triggering co-investment alongside the EIC Fund. The initiative responds to a recognised gap in early stage European tech scale up which is the need for coordinated handshakes between public support and private capital.

Analytical view: benefits, limits and what to watch next

Investor days are useful curation mechanisms. They concentrate attention, reduce search costs and expose startups to a spectrum of capital providers. For science-heavy healthcare companies the opportunity to reach specialized funds and corporate partners in one place can accelerate term sheet conversations and strategic partnerships. The presence of an investor jury and pre-selection adds credibility for attendees.

That said, a few pragmatic caveats apply. First, attention does not equal investment. Many events generate strong initial interest that does not translate into signed rounds. Follow-up meetings, due diligence, clinical timelines and regulatory risk remain the dominant gating factors for healthcare financing. Second, events favour companies that are investor-ready in terms of messaging and milestones. Highly technical projects with longer clinical pathways may struggle to convert exposure into capital even if the science is compelling.

Third, public support schemes like the EIC can improve signal quality by filtering projects and providing coaching. But market validation and syndication with private lead investors are still required to scale. A final point is geographic and sector coverage. While Europe has strong pockets of life sciences expertise, investor capacity is unevenly distributed. Events that broaden the investor base beyond incumbent hubs and that mobilise later stage co-investment will have the greatest chance of impacting company trajectories.

Practical next steps and contact

Organisers said the Investor Day is part of a continuing effort to create deal flow and help EIC beneficiaries progress towards fundraising. For follow up questions about the event the EIC Fund provided an events contact email at events@eicfund.eu.

Disclaimer:The information presented in this article is intended for knowledge sharing and journalistic reporting. It should not be read as official positions of the European Commission or any of the investor organisations named. Investor interest reported at events does not guarantee funding outcomes.