EIC Tech to Market Venture Building showcases health innovations at Tech Demo Days and moves projects toward market validation

Brussels, July 25th 2024
Summary
  • The EIC Tech to Market Venture Building Programme presented 16 healthcare innovations across two Tech Demo Days in June.
  • Two EIC Pathfinder projects, QUSTom and SKINDEV, received expert feedback and advanced to the Opportunities' Exploration phase.
  • Participants valued practical guidance on pitching, business case development and regulatory planning from a diverse expert panel.
  • Experts highlighted the programme's role in translating research into marketable ventures but warned that regulatory, team and funding gaps remain key hurdles.
  • The EIC Tech to Market Programme is currently paused and expected to resume in 2026, but Venture Building activities continued through 2024 delivery partners.

EIC Tech to Market Venture Building’s Tech Demo Days focus on medical technologies and move projects toward market feasibility

In June 2024 the European Innovation Council’s Tech to Market Venture Building Programme staged two Tech Demo Days that put 16 medical technologies and medical devices before panels of industry and business experts. The sessions are the official entry point into the Venture Building pathway. Participating teams pitched their innovations and received structured feedback aimed at improving their business case and investment readiness.

How the Tech Demo Days work

Tech Demo Days convene EIC Pathfinder and Transition beneficiaries to present concrete innovations and to test market and regulatory assumptions with external experts. The format is intentionally practical. Expert panels ask targeted questions, critique value propositions and suggest next steps. For early stage deep tech teams this input is often the first sustained exposure to commercial and regulatory realities outside academia.

Two projects that stood out

We spoke with representatives from two EIC Pathfinder projects that participated in the Tech Demo Days and later progressed to the next Programme phase. Their accounts show what teams gain from the process and where the challenges remain.

QUSTom:QUSTom applies advanced algorithms based on Full Waveform Inversion to 3D ultrasound computed tomography data. The approach aims to deliver higher resolution images than standard ultrasound processing. By running the reconstruction algorithms in the cloud the team seeks to avoid the need for on-site supercomputers and to enable hardware providers to improve image quality through software.
SKINDEV:SKINDEV is developing a platform that uses an engineered skin microbe to carry out functions relevant to dermatology. Potential capabilities include sensing disease states and producing or delivering therapeutics to treat conditions such as acne vulgaris and atopic dermatitis. The concept sits at the intersection of synthetic biology and topical therapeutics, and raises early regulatory and safety questions that will need addressing for clinical translation.

What participants said they gained

Both project representatives highlighted the direct feedback from the expert panels as the most valuable outcome of the Tech Demo Days. They reported receiving advice that sharpened their pitch decks, clarified business cases and identified priorities for further development and regulatory planning.

Cristina Durán from QUSTom said the interaction with industry experts was instrumental in positioning the project for further financing and in shaping a follow-on transition plan after the Pathfinder grant ends. She described the process as providing clearer direction on how to take the technology to market in Europe.

Nastassia Knödlseder from SKINDEV emphasised the motivating and focused nature of the expert inputs. She said the session helped the team identify key challenges and realign priorities for the next stages of development.

Expert panel perspectives

The event included experienced venture builders and industry specialists who underscored the programme’s role as a bridge from lab to market. Two panellists, Carlos Battyán and Daniel Young, shared what they found most useful and what advice they give early stage teams.

Carlos Battyán on value added:Carlos highlighted that exposing researchers to business viewpoints and broader networks encourages new ideas and cross learning. He said the interpersonal interactions between project teams and experts in regulation, entrepreneurship and healthcare development were an opportunity to learn from each other.
Daniel Young on real world readiness:Daniel emphasised that teams coming out of academic labs often lack hands on commercial experience. He described the programme as delivering practical support and network access that can help projects move into a commercial environment.
Two practical pieces of advice from the experts:Carlos advised teams to remain open to new technologies, methods and forms of learning. Daniel gave two targeted recommendations. First, treat venture building as a team sport and recruit a dedicated business lead early. Second, develop regulatory know how and document verification and validation testing from the start to reduce downstream time and resource burdens.

Next steps for participating projects

Both QUSTom and SKINDEV advanced to the Opportunities' Exploration phase of the Venture Building Programme. In this phase they will receive feasibility guidance from business and technical experts and get specific recommendations tailored to their commercialisation path. Typical outputs at this stage include refined go to market strategies, clearer regulatory roadmaps and prioritized product development plans.

Programme phasePurposeTypical services and outcomes
Tech Demo DaysEntry point to assess market potentialThematic workshops, expert feedback, pitch improvement
Opportunities' ExplorationFeasibility and business insightFeasibility analysis, market validation, regulatory scoping
Team creationAssemble operational founding teamRecruitment services, entrepreneurs in residence, talent events
Venture support servicesBuild company capabilities and prepare for scalingAdvisory on IP, finance, HR, regulatory and go to market

What this means in context of EU innovation and risks to watch

The EIC Tech to Market Venture Building Programme is one of several EU instruments that aim to plug a persistent gap in European deep tech commercialisation. Public funding for early research is strong across Europe, but translating complex medical technologies into regulated products requires different skills, talent and capital. Venture building initiatives attempt to supply those missing capabilities by combining coaching, recruitment help and expert networks.

That positive role should not be overstated. Receiving feedback in a demo setting is helpful but not sufficient. Startups developing medical hardware or engineered microbes face long regulatory pathways, clinical validation costs and commercial adoption challenges. Securing follow on funding and assembling a team with regulatory, clinical and commercial competence are decisive steps that remain difficult in many EU ecosystems.

Programme availability:Organisers note that the EIC Tech to Market Programme was paused at the time of the Venture Building materials and is expected to resume activities in 2026. Applicants and beneficiaries should check the EIC Tech to Market pages for updated timelines and calls for experts or entrepreneurs in residence.

Practical information and how to get support

Beneficiaries seeking additional information can contact the EIC Community helpdesk and select 'EIC T2M Venture Building Programme' as the subject. The Venture Building offering previously included calls for experts and an entrepreneurs in residence talent pool. Those calls were closed for new applications in 2024 but are expected to reopen when the programme resumes.

A final note: the account of the Tech Demo Days and participant quotes are provided for knowledge sharing and should not be interpreted as the official position of the European Commission or any other organisation.