The European Innovation Council (EIC) has selected VCG.AI as one of the best deep-tech companies on the continent. This is a double award for the start-up from Stuttgart: it receives 2.5 million euros for the further development of its idea - and it stood its ground in an intense competition. Out of 969 applicants, 347 were shortlisted. 68 finally prevailed.
VCG.AI has developed the “Value Chain Generator”. This tool enables companies to turn organic by-products and waste into profitable assets. Co-founder and CEO Jon Goriup sees his team and himself confirmed in their approach: “An efficient transition to a circular and net-zero economy is one of the most urgent challenges of our time. AI must play a central role in this. The support from the EIC Fund will help us to continue scaling our solution.” VCG.AI was part of Batch 6.
Foto: Jon Goriup, VCG.AI
The young company Revoltech (Batch 3) has gained two important partners for the circular transformation in the textile industry: The Volkswagen Group is working with the startup to introduce its plant-based leather alternative LOVR in vehicle interiors. And the Swiss watch brand ID Genève Watches is planning to incorporate LOVR into the straps of its next collection.
Foto: Montgomerey Wagner, Revoltech
Polycare from Thuringia (Batch 1) presented its cement-free and reusable masonry system called Sembla at a trade fair for the first time. The invention could be seen and touched at the polis Convention in Düsseldorf. For those who couldn't be there, Polycare has published a video showing how Sembla works in practice. The video can be found here.
Foto: Andreas Kunsmann, Polycare