Two Bulgarian companies joined an exclusive club of the European Innovation Council

Two companies from Bulgaria were selected to join the Scaling Club of the European Innovation Council (EIC). The club in question is a community of over 120 of Europe`s most promising deep technology companies. A total of 72 new companies were enrolled in the club and announced at the Scale 100 forum held in Athens.

The Bulgarian companies that enter the club are Check Point Care and EnduroSat. The former is a leading telemedicine company that integrates advanced wearables with AI-powered digital health platforms.

EnduroSat (New Space) aims to transform the complex satellite industry into a streamlined data service enabling instant access and transactions of space data from hundreds of sensors in orbit.

The EIC Scaling Club will assist companies with fundraising, mentoring and leadership training, identifying corporate partnerships and finding partners, media visibility, recruiting and much more. The club aims to accelerate the growth of all its members, aiming for 20% of them to become unicorns.

Our EIC Scaling Club is proud to support a diverse group of 120 companies active in ten deep technology markets that have collectively raised over €3.4 billion to date, " said Teresa Cunha, Lead at EIC Scaling Club.

With the support of more than 400 dedicated club members, these companies are well-positioned to address key global challenges within their respective industries and will continue to grow and realize their full potential, Cunha added.

Companies for EIC Scaling Club membership are nominated by various stakeholders – investors, mentors, agencies and public funds, media and other industry experts. The final decision rests with the investor jury, which looks for strong management, innovative technology, sound market strategy and high potential.

Also announced today was the launch of the EIC Trusted Investor Network, bringing together over 50 of Europe`s leading technology venture capital investors. This network aims to accelerate co-investment with the EIC fund and provide more funding to high-potential start-ups selected by the EIC.

Translated by Tzvetozar Vincent Iolov