German start-ups and companies receive EU funding

The European Investment Council has invested in a total of 65 start-ups and companies across Europe. Among them are the German start-ups Orbem, Smartlane and Nyris.

Eleven start-ups and companies from Germany have received funding from the European Innovation Council. The EU is supporting them with financial aid of up to 2.5 million euros and a maximum equity investment of 15 million euros. Around 4,000 start-ups from all over Europe applied for the funding.

Smartlane is one of the German companies receiving funding. Founded in 2015, the start-up aims to optimize the logistics industry with artificial intelligence. Smartlane offers cloud-based software that plans transport routes for freight forwarders. The start-up Orbem from Garching is also receiving funding. It uses artificial intelligence to classify and analyze objects quickly and accurately. For example, Orbem can recognize the gender of chicks even before the eggs have hatched. This means that male and sick chicks are not hatched and animal suffering is prevented.

The European Innovation Council is supporting the tech start-up Nyris with five million euros. "We are extremely pleased that the jury has recognized the potential of our technology," says Managing Director Anna Lukasson-Herzig. With the Nyris app, users can quickly find spare parts using a visual search.

Other German companies and start-ups that received funding include Seqana, Nebuma, Stabl Energy, Ithera Medical, Traceless Materials, RadonTec, GrownValve and Prosion. They were selected by an independent jury. In total, the EU funded innovations in the fields of health, technology, energy and biotechnology with around 1.1 billion euros.