MetGen from Finland was awarded the overall 2021 Innovation Radar Prize for their game-changing bio-based solution to replace petrochemical wax-based solutions currently used in cardboard packaging boxes. MetGen’s patented technology also ensures cardboard packaging is easier to recycle and less of it ends up in landfill.
In the annual event of the Innovation Radar, held on 21 October, 12 finalists from all across Europe pitched to a jury composed of investors and entrepreneurs their plans for getting to market with their ground-breaking innovations that have been supported by the EU.
Winners were also announced in each of the three following categories:
- The prize for Innovation in Sustainability Tech, which recognises technologies promoting sustainability, was awarded to C2CA Technology from the Netherlands for their patented system for recycling construction material and so reduce greenhouse gas emissions.
- The prize for Innovation in Health Tech, which recognizes cutting-edge tech in the health sector, was awarded to React4Life from Italy for their organ-on-a-chip solution that supports development of personalized drugs, and can accelerate development of new therapies.
- The prize for Innovation in Disruptive Tech, which recognises the next generation of tech ready to disrupt the status-quo , was awarded to Kypo from Czechia for their open source cybersecurity training platform that helps address Europe’s cybersecurity skills gap.
About the Innovation Radar Prize
The Innovation Radar is the European Commission’s initiative to make it easier to discover innovations emerging from research and innovation projects financed by the EU under Horizon 2020 and Horizon Europe, the world’s largest public funded research programmes. Putting a spotlight on excellence, its goal is to allow citizens, public officials, investors and corporates to discover the outputs of EU innovation funding. It offers the opportunity to seek out innovators who could follow in the footsteps of companies such as BioNTech, Skype, TomTom and ARM Holdings, all of whom received EU funding in their early days.
This year’s prize scheme was open to over 2000 EU-funded innovators across Europe - SMEs and Universities/Research Institutes – developing a wide range of ground-breaking innovations. It focused on innovators in 3 categories: ‘Innovation in Sustainability Tech‘, ‘Innovation in Health Tech‘ and ‘Innovation in Disruptive Science‘. These SMEs, university teams, spinoffs and start-ups reflect the diversity of EU-funded research and innovation and come from every corner of Europe.
Supported by the European Commission, Dealflow.eu is a venture builder, using an advanced big-data platform to discover and support the most promising EU-funded and connect them with relevant investors and corporates. The initiative was launched to help promising innovations secure funding needed for their future commercialization by offering them tailored support and matchmaking services.