Ventures Thrive is an EIC-funded, Pan-European Venture Builder providing €1.5 Million to support to 32 startups from Widening Countries. Find out more!
We provide up to €95K in cash + €5K in services for startups tackling the world’s biggest challenges in the Energy, Marine, Agriculture, and Health-related Sectors.
If your startup impacts these themes, opportunities and challenges we would like to hear from you.
We are committed to improving opportunities for deeptech founders who are addressing some of the world’s most pressing problems.
(BigData, AI, Blockchain, IoT, Bio-Tech) addressing pressing challenges in our focus areas
Product/service and technology that has passed the Minimum Viable Product (MVP) stage (TRL-6, technology demonstrated in a relevant environment)
Based in Central Eastern Europe or in the widening countries (see FAQ for full list of eligible countries)
Note: To be eligible, your company cannot be self-sustained with public funding only!
About the programme
During an 8-months programme working alongside top corporates, investors, institutions and mentors.
Each accepted startup is eligible for up to €100,000 in cash and services - Equity-free!
Make sure to read the Guidelines for Applications, then create a Sploro account by clicking on the Apply now button and fill in the application form.
Deeptech startup founders apply for the programme.
Make sure to read the full general rules Guidelines for Applications.
Startups are assessed on readiness and fit with the programme. Twenty teams will be selected for the programme.
During the first month, the 20 selected startups will work with Ventures Thrive coaches to produce a Master Plan around their needs regarding Sales & BusDev., Product Development, and Fundraising from private & public sources. Each team will commit to a set of realistic KPIs to pursue during the Ventures Thrive programme.
Teams will pitch to industry leaders and corporate partners. All companies reaching this stage qualify to receive a Venture Ticket of €5,000 equity-free, to cover travel & accommodation costs to attend the Selection Days. 10 startups will be selected to continue to the next phase.
The 10 selected startups begin a 6-month growth programme including workshops, masterclasses, mentoring, and coaching around specific topics related to investment readiness. Startups that are working on specific Corporate Challenges will also work directly with the corporates.
A day to celebrate startups’ achievements during the programme in front of hundreds of investors, corporates, mentors, and press attendees. Prizes will be awarded to the top three startups.
Once accepted on the programme, you are eligible to receive up to €100,000 equity-free funding (cash + services) subject to reaching programme milestones).
Access to a global network of mentors, corporate partners, industry experts, and investors from 20+ countries.
Connections to the leading corporates in your industry for pilot projects, partnership opportunities, and as customers
Meet the most active VCs and Angel investors in your industry from around the world.
Legal, finance, go-to-market and assistance in identifying and applying for R&D grants to help mature your technology stack with non-dilutive funding
A once in a lifetime opportunity to join a specialised deeptech accelerator + venture builder, providing hands-on support and valuable introductions to scale your business.
Celebrate your achievements during the programme in front of 1000+ investors, corporates, mentors, fellow entrepreneurs, and press attendees.
Partner with leading companies to increase your product launch and sales capabilities. Build your network of investors, and explore public funding opportunities.
These are the 12 startups that have been funded by the first cohort of Ventures Thrive.
Decarbonizing small commercial buildings with AI
Transforming waste into resources with big data analytics and AI
Improving operational and energy efficiency for wind turbines
Transforming agricultural waste into a biomaterial replacement for plastics
Producing healthy, delicious, plant-based seafood products
Helping companies cut carbon emissions and achieve sustainability
Optimized triage and patient monitoring in the ER
Autonomous mobile robots for commercial chores
Optimizing photovoltaic park performance and field operations
Data-driven energy intelligence solution
Upcycling agrifood side streams into highly nutritional ingredients
VR-based product-validation for food manufacturers
Here's what VT participants have to say about the programme.
"VT's management team & industry experts helped us refine our business model. The connections we’ve made opened doors for partnerships in our target markets."
"Securing funding through Ventures Thrive has been instrumental in driving our project forward, enabling us to scale our operations and invest in research and development."
"VT connected us with incredible mentors who have helped us prepare for our seed round investment and develop our business model, marketing strategy, and IP strategy."
Co-Founder & CEO, VCG.AI
Accelerate your deeptech startup with equity-free funding and specialised growth classes.
Make sure to read the Guidelines for Applications. You will find all the information you need to know before applying.
Ventures Thrive is one of the first pan-European deeptech venture builders committed to helping startups quickly scale their development. We are delivering on our mission by providing equity-free funding and a curated growth programme, which will connect startups with investors and corporations to test their solutions in real-world scenarios.
Funded by the European Innovation Council (EIC), the €1,500,000 grant will be deployed over two years to invest in up to 32 deeptech startups focused on addressing some of the world’s most pressing problems.
Offering year-round engagement through digital events, corporate innovation challenges, and startup scaling activities. Every edition attracts a diverse audience of 2000+ investors, startups, and industry leaders.
Since 2015, Wolves Summit events facilitated over 35,000 meetings between 19,000+ participants. The summit has a network of 170+ community partners globally which includes accelerators and startup operators. In 2021 the company spun out a new startup division called WolvesX supporting large organisations such as LG Electronics, PwC, Garage+, Economic Development Board in Singapore, among others, addressing a wide range of corporate and government innovation challenges.
For more information please wolvessummit.com
working with deeptech companies and the scientific community during the past years, very oriented to commercialising science-based innovations.
ACCELER8 has established several companies, built R&D projects, and raised €50M+ of funding for these endeavours.
Over the years, A8 has worked with 100+ ERC/EIC researchers and high-tech startups.
For more information please acceler8.today
They specialize in fundraising and development for early-stage deeptech, spinoff, and consumer-oriented startups, in the Climate, Energy, Transport, Ag/biotech, Medtech, Proptech, and Edtech sectors.
AV also provides matchmaking, training and development for early Angel Investors, and partners in EU-funded consortia.
Anthology has worked with more than 150 startups since its founding in 2018.
For more information please anthologyventures.com
Managing Partner, Anthology Ventures
The purpose of Ventures Thrive is to reduce the existing hurdles deeptech companies face in trying to reach the market, with a combination of equity-free funding, a growth programme, access to specialised investors and a real connection with corporate partners to promote open innovation activities.
Ventures Thrive will host an 8-month programme in 2 different open calls, offering a total of €1.5M to 32 young companies. This equity-free funding will be combined with connections to top corporates, investors, institutions and mentors, helping increase the runway and capacity to grow.
During the first month, 12 selected startups will work with Ventures Thrive coaches to refine their Business Case taking into account a number of specific indicators such as product development and commercialisation, business development and strategic synergies with the programme’s corporate partners, and future fundraising plan. Each team will commit to a set of realistic KPIs to pursue during the Ventures Thrive programme.
After that, in the second month, they will pitch in front of industry leaders and corporate partners. All companies reaching this stage will be qualified to receive a Venture Ticket of €5,000 equity-free, to cover all your costs associated with pitching.
Startups have already set specific milestones and KPIs to achieve during their 6-month growth programme. Each startup will receive individual mentoring, along with innovation strategy workshops and masterclasses, investment readiness programmes and matchmaking, building a business use case for addressing real-life corporate challenges, and access to industry events.
Startups will present their achievements during the programme and give a final pitch at Wolves Summit. Teams must be present to receive an award.
Only startups that reach at least 80% of their KPIs in phase 2 will be eligible for awards. Prizes will be awarded to the top three startups (€15,000, €10,000 and €5,000 respectively). This funding is in addition to money already received within the regular programme.
The Ventures Thrive programme will take 8 months. It will be split into 3 different phases:
1. Build (phase 1) - 2 months
2. Grow (phase 2) - 5 months
3. Raise (phase 3) - 1 month
The first call for applications is now open. You can apply by clicking on the button Apply now. It will take you to the Sploro platform where you must create an account, and then fill in the application form. Make sure to read the Guidelines for Applications. You will find all the information you need to know before applying.
Yes, it is a grant and we do not expect anything in return.
After you submit your application, it will pass a first screening test. After that, you will receive an email, describing the next steps.
Ventures Thrive is a hybrid programme. You don’t need to relocate, however, there will be some events (Pitch Contest, Demo Day) that you’ll need to attend offline.
Startups accepted into Ventures Thrive can receive up to €100k in funding, of which €95k will be provided in cash and €5k in services. Receipt of the full €100k is subject to the startup reaching programme goals.
Yes, your startup can carry on its operations throughout the programme's duration.
The purpose of the Thrive Growth programme is to help you grow your business, not to hinder it. The programme is designed around your company’s goals/KPIs and Ventures Thrive supporting you to reach these goals.
The majority of the programme is remote, which means that you do not need to relocate (excluding 2 startup events where you are expected to pitch and meet investors). This will allow you to keep your business running smoothly while you access the programme.
The funding, provided as a grant, will be delivered to startups across a series of programme milestones. All accepted startups will receive €5k to draft a masterplan and present it to the jury at the Pitch Contest, set to be held in May 2024.
In 2024, the 10 startup finalists (chosen during the Pitch Contest) can also benefit from the following funds:
Companies established or operating in the Widening area, defined by the European Commission as:
EU member States: Bulgaria, Croatia, Cyprus, Czechia, Estonia, Greece, Hungary, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia and Slovenia.
Associated countries: Albania, Armenia, Bosnia and Herzegovina, Faroe Islands, North Macedonia, Georgia, Moldova, Montenegro, Serbia, Tunisia, Turkey and Ukraine.
Outermost Regions (defined in Art. 349 TFEU): Guadeloupe, French Guiana, Martinique, Réunion, Saint-Barthélemy, Saint-Martin, the Azores, Madeira and the Canary Islands.
Deeptech solutions leveraging BigData, AI, Blockchain, IoT, and Bio-Tech to address challenges, with promising solutions in the identified focus areas.
Startups should have a working technology that has passed the Minimum Viable Product (MVP) stage (TRL-6 - technology demonstrated in a relevant environment). The startup should also be actively looking for private funding. It is also beneficial that the startup can generate sales.
Each selected startup will receive a €5000 voucher to be redeemed for focused mentoring, expert content & training, and investor feedback.
Funded by the European Union. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for them.
Ventures Thrive, project No 101073762 has received funding from the European Union’s Horizon Europe framework programme, under the European Innovation Council’s StartUpEU initiative.