EIC ePitching on MedTech: Call for EIC Fund‑selected MedTech companies to pitch to top European VCs

Brussels, April 11th 2024
Summary
  • The European Innovation Council is running an online MedTech ePitching session on 18 June 2024 for EIC Fund‑selected companies.
  • Application deadline is 24 April 2024 and is open to EIC Accelerator beneficiaries that have an investment component or have been selected for investment.
  • Selected companies will pitch to a panel of leading European venture capital firms and receive coaching and possible one‑to‑one follow ups.
  • Applicant profiles and presenter details will be shared with jury members and may appear in an event brochure and future investor outreach.
  • The initiative is part of the EIC Ecosystem Partnerships and Co‑Investment Support programme which aims to expand Business Acceleration Services and promote co‑investment.

EIC ePitching on MedTech: what the call offers and who should apply

The European Innovation Council is inviting EIC Fund‑selected MedTech companies to apply for an online ePitching session on 18 June 2024. The event will give a limited number of EIC Accelerator beneficiaries the chance to present their medical technology solutions to a panel of European venture capital investors. Organisers promise preparatory coaching, the opportunity to receive one‑to‑one meeting requests from investors and exposure through an event brochure and investor outreach. Applications must be submitted by 24 April 2024.

Logistics and participation requirements

When and where. The session is scheduled for 18 June 2024, running in the afternoon for about four hours. It will be held online. Selected beneficiaries will receive a Zoom link with joining instructions.

Who can apply. Eligibility is limited to EIC Accelerator companies that have been selected for or received the EIC investment component. This includes H2020 EIC Accelerator Pilot beneficiaries with blended finance packages and Horizon Europe EIC Accelerator companies that were selected under grant first, blended finance, or investment only tracks.

How to apply:Complete the application form before the 24 April 2024 deadline. Make sure entries allow the EIC to verify eligibility by providing an accurate project number and acronym. The form requires the details of the person who will attend the pitching session because that information will be used in the event brochure.
Data and profile sharing:Application profiles and presenter information will be shared with the session jury. The organisers state that submitted data may also be used in future investor calls and in the event brochure. If you have concerns about how your data will be used you can contact investments@eicfund.eu to discuss restrictions or opt outs.

What selected companies receive and realistic expectations

The stated benefits are direct exposure to a panel of European investors, targeted coaching ahead of the event and potential follow up meetings. These are genuine advantages for early scale ups. At the same time it is important to be realistic. Pitching events increase visibility and can open doors but they do not guarantee investment. Selection by investors will reflect their current investment theses and portfolio needs, not only the quality of the technology.

Typical investor interest signals to prepare:Investors will look for clear evidence of clinical and regulatory progress, a credible reimbursement or commercial pathway, measurable traction or pilot results, defensible intellectual property and a realistic financing ask and use of funds. Be ready to summarise clinical evidence, regulatory status such as CE mark or FDA plans, unit economics, and the go to market strategy.

The investors expected at the session

The organisers listed a group of established European investment firms that will be represented on the panel or may receive applicant profiles. That list includes Eleven Ventures, Hadean Ventures, High Tech Gruenderfonds, Inveready, Panakès Partners, Pathena Investments, Peppermint Venture Partners, Redalpine, MIG Capital AG, Sofinnova Partners, Turenne Capital and Zubi Capital. These firms cover a range of stages and sector specialisations from early stage deep tech and medtech specialists to growth oriented generalist funds.

InvestorApproximate focus or role
Sofinnova PartnersLong established life sciences and medtech investor with pan‑European presence
High Tech Gründerfonds (HTGF)Early stage German tech and life sciences investor, often active at pre‑seed and seed
Hadean VenturesLife sciences and healthcare focused venture fund
RedalpinePan‑European VC investing at the intersection of software and science
Panakès PartnersInvestor known for a healthcare and medtech focus
InvereadySpanish VC active across technology and growth stages
Eleven VenturesEarly stage investor from the CEE region and pan‑European deals
MIG CapitalEuropean life science and deep tech investor
Peppermint Venture PartnersEarly stage investor, regional focus
Pathena InvestmentsVenture firm with activity in digital health and IT
Turenne CapitalPrivate equity and growth investor involved in European deals
Zubi CapitalImpact orientated investor with European co‑investment activity

Note on accuracy. The table gives an approximate snapshot of typical fund orientations. Individual partner teams and their current investment priorities vary. Do not assume presence of any single investor at the event will lead to an investment offer. Use the session to gather investor feedback and to open targeted follow ups.

Context: how this fits into EIC support and co‑investment ambitions

EIC Business Acceleration Services and Ecosystem Partnerships:The ePitching event is delivered under the EIC Ecosystem Partnerships and Co‑Investment Support programme which is expanding the EIC Business Acceleration Services. The goal is to better prepare EIC beneficiaries to engage with investors and to create matchmaking opportunities. The broader programme also promotes co‑investment with the EIC Fund and builds a network of sector‑focused EIC Partners that provide specialised services and facilities to awardees.
Blended finance and EIC Fund selection explained:Blended finance in the EIC context typically means a package that combines grant funding with equity investment from the EIC Fund. Companies that received the investment component either under the H2020 EIC Accelerator pilot or under the Horizon Europe EIC Accelerator are the intended audience. Being selected by the EIC Fund signals a degree of prior due diligence but it is not a substitute for the detailed commercial and regulatory validation investors will request.

Practical application checklist and pitch tips

Before you apply make sure you have the following in order and clearly presented in the application form and in any pitch materials.

Eligibility and form fields:Confirm your company is an EIC Accelerator beneficiary with an investment component or is otherwise explicitly eligible. Enter your correct project number and acronym. Provide the details of the person who will attend the pitching session and who can be featured in the event brochure.
Investor‑facing pitch essentials:Keep slides concise and evidence driven. Cover the clinical need, quantifiable outcomes from pilots or trials, regulatory pathway and status, reimbursement strategy if applicable, unit economics and pricing, competitive differentiation, IP position, management team and key hires, current runway and the funding ask with milestones to be achieved with new capital. Anticipate tough questions on safety, scalability and exit potential.
Prepare for coaching and follow ups:Treat the coaching as part of the selection signal. Use the sessions to refine messaging and to schedule one to one follow ups. If investors request additional documentation after the pitch be ready to provide concise data rooms with clinical and regulatory evidence, financials and a cap table.

Risks, limitations and recommendations

Pitch events are valuable but imperfect instruments for raising capital. They can surface investor interest quickly but selection often reflects narrow fund mandates and appetite at that time. Public sharing of applicant profiles increases exposure but can raise confidentiality concerns for companies with sensitive IP or competitive risks. Finally, the EIC reports that health is a dominant area in its portfolio and cites around €250 million in funding to date according to the EIC Impact Report. That funding number indicates EIC activity in the sector but it should not be read as a direct guarantee that participants will receive proportional follow on financing from event attendees.

Recommendation. Apply if you are eligible, prepared to present clear clinical and commercial evidence, and willing to engage in post‑event follow up. Use the coaching to sharpen your investor narrative and treat any one to one meetings as the start of a longer diligence process.

Contacts and further information

Application deadline: 24 April 2024. Event date: 18 June 2024. For questions about use of submitted information or objections to data sharing contact investments@eicfund.eu. For broader information about EIC Business Acceleration Services, the EIC Ecosystem Partnership Programme and co‑investment activities consult the EIC Community Platform and the EIC ACCESS+ materials on the EIC website.