# European Institute of Innovation and Technology

> European Institute of Innovation and Technology is a VC fund backing Information Technology. See 8 investments, check sizes, portfolio and contact details…

- Type: VC Fund
- Location: Budapest, Hungary
- Total investments: 8
- Last investment: Sep 2023
- Lead investor: 50%
- Fund size: $63M
- Last fund: May 2020
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/european-institute-of-innovation
- X (Twitter): http://twitter.com/EITeu
- Website: http://eit.europa.eu/
- Facebook: http://www.facebook.com/EITnews

European Institute of Innovation and Technology is a VC fund in Budapest focused on Information Technology and Software. EIT empowers entrepreneurs and innovators to support the development of innovative solutions to pressing global challenges, aiming to turn ideas into products, services, and jobs for Europe.It has set up Europe’s largest innovation network with more than 2000 partners from leading business, research, and education organizations across Europeworking together in more than 60 innovation hubs across Europe. The EIT Community offers a wide range of innovation and entrepreneurship activities across Europe: entrepreneurial education courses, innovation-driven research projects, and business creation and acceleration services.By creating unique opportunities for talented innovators, entrepreneurs, and students, the EIT has powered more than 3 100 start-ups and scale-ups that have gone to raise more than EUR 3.3 billion in external capital with more than 1 170 new products and services created. 3 100 students have already graduated from EIT labeled master and doctoral programs and over 10 000 have participated in EIT Community entrepreneurial training.

## Contacts

5 contacts available for European Institute of Innovation and Technology. Shizune tracks 2 team members at European Institute of Innovation and Technology. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/european-institute-of-innovation-and-technology?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $75k–$295k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Information Technology | 4 | 50% |
| Software | 3 | 38% |
| Artificial Intelligence | 2 | 25% |
| Apps | 1 | 13% |
| SaaS | 1 | 13% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 3 | 38% |
| Pre-Seed | 2 | 25% |
| Seed | 1 | 13% |
| Funding Round | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Portugal | 2 | 25% |
| France | 1 | 13% |
| Sweden | 1 | 13% |
| Estonia | 1 | 13% |
| Germany | 1 | 13% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Annelie Lundström | Innovation Expert | 0 | https://shizune.co/investors/profile/annelie-lundstrom |
| David R. Pollard | Education and Health Innovation Manager | 0 | https://shizune.co/investors/profile/david-r-pollard |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Aurrigo International | Aurrigo is the future of first and last mile transportation for airport baggage/cargo and passenger vehicle applications. Aurrigo's self-driving / autonomous Auto-Dolly, Auto-DollyTug and Auto-Cargo provide airports with a new way to move baggage and cargo around, reducing costs, improving efficiency and decreasing environmentalimpact. Aurrigo's self-driving passenger vehicles provide mobility within urban areas, shopping malls, airports, university campuses, science parks and other areas that are poorly served by traditional transport providers. Integrating seamlessly into the transport mix, Aurrigo's on demand, autonomous vehicles work alongside traditional forms of products such as airport infrastructure and transport such as taxis, buses and light rail. Aurrigo design and develop all vehicles in-house together with the autonomous driving control stack to ensure a perfect pairing of hardware and software. Auto-Connect is a dedicated autonomous fleet management system providing an airport fleet manager or a passenger customer booking app, back end control systems and front of house services allowing deployments in cities to be simple, efficient and safe.Auto-Sim is Aurrigo's 3D digital twin modelling software platform which enables airports around the world to transition from current manual operating methods to use automated vehicles of the future for baggage and cargo handling. | $294.6K | Grant | Sep 19, 2023 |  |
| resourcly | USD 2.5 trillion of manufacturing inventory is tied up in capital worldwide. Resourcly changes that. Resourcly empowers industrial manufacturers to improve working capital and save cost with their shared inventors OS to strategically share, repurpose and prevent idle inventory by leveraging product data and AI. |  |  | Aug 01, 2023 |  |
| SpaceCrop | SpaceCrop is an agricultural software company that helps farms manage irrigation and increase crop resiliency using satellite data and artificial intelligence. |  | Pre-Seed | Feb 05, 2022 |  |
| Meight | Meight learning from data to help drivers for safer and less polluted places to live. | $1.5M | Seed | Jan 19, 2022 |  |
| ADAXIS | ADAXIS offers innovative software tools for industrial robotics that unlock new manufacturing processes and maximum value. The company helps operators to select process parameters and reduce the risk of print failure through optimization and process prediction tools based on machine learning. ADAXIS was founded in 2021 and is based in Bidart,France. | $1.1M | Pre-Seed | Jan 19, 2022 |  |
| Alter | Alter is the most secure communications platform built on private blockchain technology powered by Secret Network's Private Smart Contracts and ECDH encryption. Alter has leveraged this technology and made something that was historically available only to limited groups of people, institutions and government organizations - accessible toeveryone and anyone to make sure there's higher control over own data privacy and it is truly secure. | $75.2K | Grant | Apr 04, 2021 |  |
| ReVibe Energy | ReVibe Energy® was founded to provide sensors and monitoring systems with a power source that is both sustainable and reliable – something that hasn’t been possible before. Through a unique vibration energy harvesting technology, our products offers our customers the possibility to convert vibrations that exist in most industrial environments toelectricity to fully power their sensor and monitoring system |  | Venture - Series Unknown | Sep 16, 2020 |  |
| C-mo Medical Solutions | C-mo is the solution providing a complete assessment of cough, adressing key use-cases across the patient management lifecycle. |  | Grant | Jan 01, 2020 |  |

8 of 8 investments shown.

## Co-investors
- [Dispatch Ventures](https://shizune.co/investors/profile/dispatch-ventures) — VC Fund, 1 deal together
- [EIT Urban Mobility](https://shizune.co/investors/profile/eit-urban-mobility) — VC Fund, 1 deal together
- [Faber](https://shizune.co/investors/profile/faber-ventures) — VC Fund, 1 deal together
- [Grupo Lusiaves service](https://shizune.co/investors/profile/grupo-lusiaves-service) — VC Fund, 1 deal together
- [Newfund](https://shizune.co/investors/profile/newfund-management) — VC Fund, 1 deal together
- [Skalepark](https://shizune.co/investors/profile/skalepark) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar stage
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund
- [Foundation for Innovation and Technology (FIT)](https://shizune.co/investors/profile/foundation-pour-l-innovation-technologique) — VC Fund
- [Business Finland](https://shizune.co/investors/profile/tekes) — VC Fund

### Similar country
- [Hiventures](https://shizune.co/investors/profile/hiventures) — VC Fund
- [Portfolion](https://shizune.co/investors/profile/portfolion) — VC Fund
- [Bonitás Ventures](https://shizune.co/investors/profile/bonit%C3%A1s-venture-capital-fund) — VC Fund

## Featured in investor lists
- [Artificial intelligence Investors in Portugal](https://shizune.co/investors/artificial-intelligence-investors-portugal)
- [Artificial intelligence VC Funds in Portugal](https://shizune.co/investors/artificial-intelligence-vc-funds-portugal)
- [Hardware Investors in Portugal](https://shizune.co/investors/hardware-investors-portugal)
- [Software VC Funds in Hungary](https://shizune.co/investors/software-vc-funds-hungary)
- [Enterprise Investors in Hungary](https://shizune.co/investors/enterprise-investors-hungary)
- [Enterprise VC Funds in Hungary](https://shizune.co/investors/enterprise-vc-funds-hungary)

## FAQ

### What does European Institute of Innovation and Technology invest in?

European Institute of Innovation and Technology invests primarily in Information Technology, Software and Artificial Intelligence startups, most often at Grant and Pre-Seed stage. Most of the 8 investments tracked by Shizune back companies in Portugal. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is European Institute of Innovation and Technology's check size?

European Institute of Innovation and Technology typically joins rounds of $75k–$295k at Grant. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds European Institute of Innovation and Technology participates in.

### How do I contact European Institute of Innovation and Technology?

Public channels for European Institute of Innovation and Technology include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at European Institute of Innovation and Technology?

The team at European Institute of Innovation and Technology includes Annelie Lundström (Innovation Expert) and David R. Pollard (Education and Health Innovation Manager). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co