How EIC trade-fair support amplified Elliptic Labs’ market reach and what founders should learn

Brussels, January 31st 2024
Summary
  • Elliptic Labs credits the EIC Overseas Trade Fairs (OTF) Programme 2.0 with improving brand visibility and opening international leads at major shows including Hannover Messe 2023.
  • Participation helped the company identify new distributors and generate meetings that would have been hard to secure without EU endorsement and the EIC pavilion exposure.
  • The company reports commercial interest but cannot publicly confirm milestone deals because it is a listed company and partner announcements are still pending.
  • Elliptic Labs advises exhibitors to prebook meetings, clarify the objective of participation, bring working demonstrations, and staff booths adequately.
  • Independent context: trade fair visibility often aids lead generation but does not guarantee rapid revenue. Supply chain and partner readiness remain decisive for conversion.

EIC trade-fair support and Elliptic Labs - what happened at Hannover Messe and beyond

Elliptic Labs, a Norway-headquartered AI company that develops virtual sensors for devices, reports measurable business benefits after participating in multiple trade fairs supported by the European Innovation Council s Overseas Trade Fairs Programme 2.0. The company singled out Hannover Messe 2023 as especially productive for creating customer and partner meetings and for identifying potential distributors. Because the company is publicly listed it says it cannot yet announce concrete commercial milestones until partners and customers are ready to go public.

Reported business impact from trade-fair participation

According to Patrick Tsui, Vice President Product Marketing and Sales at Elliptic Labs, the EIC-supported presence at Hannover Messe 2023 generated significant onsite interest that translated into follow-up meetings and sales leads across multiple countries. The company says the exposure also helped it find potential distributors to expand into new markets. Elliptic Labs attributes some of these outcomes specifically to the credibility and visibility conferred by exhibiting in the EIC Pavilion.

Trade fairWhenElliptic Labs reported outcomes
CES 2023January 2023Part of the OTF 2.0 roster. Exposure and lead generation in consumer electronics markets.
Hannover Messe 2023April 2023High visitor interest, many business meetings, new leads and identified distributors. Company notes these leads would have been difficult to obtain without EIC support.
GITEX 2023October 2023Participation expanded global exposure and contributed to opportunities to enter new markets.

How the EIC programme supported Elliptic Labs

Visibility and third-party endorsement:Elliptic Labs says exhibiting on the EIC Pavilion increased its visibility and made it easier to approach potential clients and partners. The implicit EU endorsement that comes with EIC selection appears to have served as a credibility signal for some attendees.
Market intelligence and product positioning:Participation enabled the company to gather market insights by engaging attendees and observing competitors. These inputs helped inform product and business strategy according to the company.
Business acceleration services and staging:The OTF 2.0 package included support such as booth design, pitch help and matchmaking. Elliptic Labs recommends making full use of these services to sharpen messaging and to schedule customer and partner meetings before the event.

What Elliptic Labs recommends to prospective exhibitors

Patrick Tsui offered practical, operational advice for companies preparing for trade fairs. The guidance emphasizes clarity of purpose, demonstration readiness and team planning. Many of the suggestions are familiar best practices in trade show strategy but become more important when operating internationally.

Define your purpose:Decide if the goal is investor engagement, pilot testing, partner recruitment or product sales. The purpose determines the story you tell and the state of readiness your booth should convey.
Prebook meetings with international contacts:Schedule customer and partner meetings in advance, especially for non-local attendees. Proactive outreach increases the return on time spent at the show.
Bring an activator or demo and staff the booth properly:Live demonstrations that engage visitors spur more interest than static displays. Make sure you have enough team members to cover meetings, demos and follow-ups during busy periods.
Craft a concise, attention-grabbing message:Use a short punchline or phrase that clearly communicates your value proposition. Tailor the message to the specific audience at the trade fair.

Program evolution - from OTF 2.0 to ITF 3.0

The EIC s International Trade Fairs Programme has evolved from the Overseas Trade Fairs 2.0 format into ITF 3.0. The current scheme runs across several regional hubs and sectors and intends to provide end-to-end internationalisation support to EIC awardees. Services include expert coaching, market briefings, B2B matchmaking and customised onsite support. The programme is selective and open to EIC beneficiaries that apply to specific calls ahead of each trade fair.

ITF 3.0 focus areas and scope:ITF 3.0 runs through 2024 to 2026 and covers 12 trade fairs across Europe, the Middle East and the United States. Target sectors include biotech and pharma, health and medical care, cleantech and energy, and new industrial technologies.

Context and caveats - read the claims carefully

Trade-fair participation is a recognised channel for lead generation and visibility. Yet there are limits to what a short report of trade-fair outcomes can prove. Elliptic Labs reports many leads and distributor contacts but does not disclose contract values or signed deals. The company explicitly notes that as a public company it must wait for counterparties to confirm before announcing deals. That constraint is legitimate but it also means claims about long term commercial impact remain partially unverified in public sources.

Conversion depends on downstream readiness:Visibility alone does not produce revenue. Converting leads requires supply chain capacity, partner onboarding, commercial agreements and in some cases regulatory steps. Elliptic Labs also concedes that a faster supply chain ramp could have increased revenue potential.
EIC selection is a helpful signal but not a guarantee:Being selected for an EIC pavilion lends credibility and can open doors. That said, company readiness and product market fit determine whether those doors lead to sustained commercial relationships.

About Elliptic Labs and Hannover Messe - what the organisations say

Elliptic Labs - company profile:Elliptic Labs promotes an AI Virtual Smart Sensor Platform that it says provides contextual intelligence to devices. The company claims its software is deployed on hundreds of millions of devices and that the platform spans device-level telemetry to cloud based large language models. These assertions reflect the company s positioning and should be read as corporate claims that would require independent verification for journalistic confirmation.
Hannover Messe - trade fair context:Hannover Messe is a major global industrial technology fair that brings together sectors such as engineering, automation, energy, research and industrial IT. It attracts tens of thousands of onsite attendees and thousands of exhibitors who showcase technologies that intersect digitalisation, artificial intelligence, automation and sustainable energy.

Practical next steps for founders considering EIC trade-fair support

If you are an EIC beneficiary considering an application to the ITF programme, start planning early. Prepare a clear commercial objective, align your demo to that objective, and use the EIC s predeparture coaching and matchmaking services. Track leads carefully and build a conversion timeline that accounts for partner negotiations and supply chain scaling.

Where to find the programme and additional resources:Information about the current EIC International Trade Fairs Programme 3.0 and open calls is available on the EIC Community Platform. The platform also hosts success stories, application guidance and contact points for questions related to trade-fair participation.

Disclaimer This article restructures and clarifies material published by the EIC Community and Elliptic Labs. It adds context about programmatic features and common trade fair dynamics. The information should not be interpreted as the official view of the European Commission or any agency. Company claims are reported as presented and where appropriate noted as corporate claims that require independent verification.