EIC Tech to Market Venture Building: How Team Creation Matches Deep Tech Researchers with Entrepreneurs

Brussels, May 23rd 2024
Summary
  • The EIC Tech to Market Venture Building Programme is running its Team Creation activity to pair deep tech research teams with Entrepreneurs in Residence.
  • Nine project teams have been onboarded and two teams are already working with part-time, paid Entrepreneurs in Residence.
  • Team Creation uses a Talent Expert analysis, a scouting process drawn from a Talent Pool, and a top three shortlist to select an Entrepreneur in Residence.
  • The residency lasts six months in part-time format with the explicit aim of assessing co-founder potential and accelerating go-to-market and fundraising activities.
  • The programme is part of EIC Business Acceleration Services and the Tech to Market programme which supports EIC Pathfinder and Transition beneficiaries.

EIC Tech to Market Venture Building Programme

The European Innovation Council Tech to Market Venture Building Programme provides targeted venture building support to research teams funded under EIC Pathfinder and Transition. Its aim is to turn promising research outcomes into investable start-ups by combining market validation, talent matchmaking and advisory services. The Venture Building journey is split into four activities which run from initial market exposure to hands-on venture support.

Four phases of the Venture Building journey

PhasePurposeTypical services
Tech Demo DaysIntroduce projects to market players and test technology relevanceThematic exploration workshops and structured feedback from industry
Opportunities ExplorationAssess feasibility and identify value propositionsExpert feasibility guidance and recommendations for improvement
Team CreationBuild a complementary founding team with entrepreneurial capacityTalent needs analysis, scouting, Entrepreneurs in Residence and recruitment support
Venture Support ServicesAdvance core company-building needsAdvisory expertise on IP, finance, HR and tailored needs analysis

Team Creation activity explained

The Team Creation activity focuses on the gap that is common in academic and research teams, namely limited entrepreneurial experience. The objective is to inject business-oriented capabilities into science-led projects and to fast-track the transition from lab to market. The process combines assessment, candidate scouting and a short residency period intended to test fit and potential for long term collaboration.

Selection process:Onboarded teams first meet a Talent Expert for an in-depth analysis to identify capability gaps and the entrepreneurial profile required. The programme then runs a scouting process drawing from an EIC Tech to Market Venture Building Talent Pool and external candidates. Projects receive a shortlist of the top three profiles and enter a matchmaking phase to select the Entrepreneur in Residence.
Entrepreneur in Residence role:The selected Entrepreneur in Residence works part time with the project team for six months and receives paid compensation. Their mandate is to bring business experience, help shape go-to-market and fundraising strategies and to be assessed for suitability as a future co-founder or key team member at the end of the residency.

Pay and detailed contractual terms are handled case by case. According to programme materials, the talent matchmaking and brokerage operated regularly during the programme implementation period up to the end of 2024, with two major talent brokerage events each half year. The Venture Building implementation was managed by external providers until December 2024.

Early cases: what the residencies look like in practice

Nine project teams have been onboarded to the Venture Building Programme and two were already working with Entrepreneurs in Residence at the time of reporting. The two public examples provide practical insight into how the residency operates and the expectations on both sides.

ChipScope, a project with roots in an EIC-funded research effort since 2017, was matched with Mattia Nuti. Mattia is a founder and CEO with experience in medical technologies. He says the team commitment influenced his decision to join, noting that the operational team members are heavily involved and that they work together daily. His focus during the residency is to facilitate go-to-market work and fundraising.

TAONas-LUAD was matched with entrepreneur Gerardo Marchesini, who has experience in science-based ventures. Gerardo emphasized that multiple meetings during the matchmaking process helped build trust and clarify roles. He reported that tough negotiations during matching helped solidify the team. Early priorities include learning the project in full, testing investor interest and shaping a fundraising story. Gerardo stated objectives that include validating the product, launching the company and starting fundraising in the following year.

Project representatives also commented on the process. Juan Valcárcel from the TAONas-LUAD team said the programme was instrumental in finding an enthusiastic and experienced Entrepreneur in Residence and in aligning innovation with business development for spin-off creation. Sergio Moreno from the ChipScope team said the group expects to finish documentation and investment plans with Mattia in the coming months and hopes to launch a spin-off.

Context in the wider EIC and EU innovation ecosystem

The Tech to Market Venture Building Programme is delivered under EIC Business Acceleration Services. It targets beneficiaries of EIC Pathfinder and EIC Transition which fund early stage disruptive research and proof of concept work. The EIC Accelerator is the next funding and scaling instrument for later stage start-ups. Venture building efforts aim to bridge a well known gap in European innovation where good research does not always translate into investable companies because of missing business leadership, regulatory planning and investor narratives.

Why entrepreneurial talent matters:Deep tech ventures typically face longer development timelines, higher capital intensity and more complex regulatory or industrial integration than software start-ups. Founders with domain and market experience can better design initial pilots, engage industrial partners and articulate funding needs. Programmes that supply hands-on entrepreneurs aim to reduce early execution risk and improve the odds of spin-off survival.

Assessment and caveats

The Team Creation activity addresses a real need in the research to market pipeline. The structured scouting and short residency are useful for testing chemistry and early commercial hypotheses. At the same time, several limitations deserve attention. A six month part-time residency is a limited window to evaluate co-founder fit for deep tech ventures which often require sustained commitment and deep domain immersion. Relying on short term matching carries the risk that entrepreneurs either move on before long term structures are in place or that teams underestimate the time needed to reach investor readiness.

There is also selection bias risk. Projects that are already motivated to spin out or that have existing connections to entrepreneurial networks will be easier to match. The programme depends on the quality and diversity of the Talent Pool and the external implementers who ran the service up to December 2024. Transparency on payment terms and success metrics such as follow-on funding, company formation and founder retention will be important for judging impact over time.

Operational pause and future timeline:Public EIC pages state that some Tech to Market activities were paused and expected to resume in 2026. Open calls for experts and entrepreneurs in residence were closed and scheduled to reopen in 2026. This pause and the change of implementing providers may affect the cadence of talent brokerage events and onboarding of new projects.

How to get involved

Entrepreneurs interested in residency opportunities could join the EIC T2M Venture Building Talent Pool when calls are open. Experts with experience in commercialising deep tech can apply to be part of the programme as mentors and evaluators. As of the most recent communications, applications were closed and expected to reopen in 2026. Candidates and project teams seeking more details should use the EIC Community contact page and select the relevant subject line for the Venture Building Programme to reach the helpdesk.

Practical next steps for researchers and entrepreneurs:Researchers should prepare concise technical summaries, clear statements of market need and information on team roles to benefit from the Talent Expert review. Entrepreneurs should highlight prior early-stage traction, sector experience and availability for a part-time residency and be ready to discuss potential co-founder arrangements.

Contact and further information

For additional information or to raise specific questions choose the subject 'EIC T2M Venture Building Programme' on the EIC Community contact page. The EIC Business Acceleration Services pages and the Tech to Market programme pages provide background on service components and past implementation arrangements.