Latest news with #EICAccelerator
Yahoo
15-07-2025
- Business
- Yahoo
Oncomatryx Biopharma Awarded €12.5 Million EIC Accelerator Funding to Advance Groundbreaking ADCs
BILBAO, Spain, July 15, 2025--(BUSINESS WIRE)--Oncomatryx Biopharma, a biotechnology company pioneering next-generation Antibody-Drug Conjugates (ADCs) for oncology, has been awarded funding from the European Innovation Council (EIC) Accelerator under the EU's Horizon Europe 2021-2027 Research and Innovation Program. As part of this highly competitive program, Oncomatryx will receive €2.5 million in grant funding, along with a €10 million equity investment in its upcoming financing round. The EIC Accelerator call attracted 959 applications, with only 40 companies selected across 16 countries. Oncomatryx is proud to be the only oncology company among this distinguished group. "Securing EIC Accelerator funding is a major milestone for Oncomatryx and a strong validation of our innovative approach to oncology drug development," said Laureano Simón, CEO of Oncomatryx. "This funding will enable us to advance the expansion cohorts of our ongoing Phase I clinical trial in pancreatic, colorectal, and lung cancer, following highly promising results in the dose-escalation phase. We are honored to be recognized as Europe's leading ADC platform and contribute to advancing new treatment options for patients with hard-to-treat solid tumors." Oncomatryx's unique ADC platform integrates proprietary novel payloads and advanced conjugation formats. With fully integrated R&D, chemistry, and conjugation facilities, Oncomatryx stands out as Europe's most advanced ADC development platform, from discovery through to clinical-stage development. The company's novel approach combines a deep understanding of the tumor microenvironment biology with proprietary payloads and linker technologies, positioning Oncomatryx as a strategic leader in oncology innovation. Oncomatryx is currently advancing its lead ADC candidate, OMTX705, in clinical trials targeting Fibroblast Activation Protein in aggressive tumors with high unmet medical need. Encouraging clinical data have been presented at ASCO 2025 meeting. Ninety five patients were treated in the dose escalation and 3 backfilling cohorts of metastatic immune-cold solid tumors. An outstanding safety profile, with no dose limiting toxicity was shown, as well as long responses in patients expressing FAP. Randomized clinical trials are ongoing in immune-cold metastatic pancreatic, MSS colorectal and non-small cell lung cancer. In addition to this recognition from the European Union, Oncomatryx has been designated a strategic company by both the Government of Spain and the Basque Regional Government. The Spanish government R&D funding body, CDTI through Innvierte co-investment initiative for strategic companies and the Basque Regional Government have both invested directly in Oncomatryx, acknowledging its pivotal role in advancing oncology innovation. Together with the EIC Accelerator award, these endorsements firmly position Oncomatryx as a european leading player in Oncology and the ADC field." View source version on Contacts ONCOMATRYX BIOPHARMA, Esnaolaadmin@ DERIO, Spain Sign in to access your portfolio


Business Wire
15-07-2025
- Business
- Business Wire
Oncomatryx Biopharma Awarded €12.5 Million EIC Accelerator Funding to Advance Groundbreaking ADCs
BILBAO, Spain--(BUSINESS WIRE)--Oncomatryx Biopharma, a biotechnology company pioneering next-generation Antibody-Drug Conjugates (ADCs) for oncology, has been awarded funding from the European Innovation Council (EIC) Accelerator under the EU's Horizon Europe 2021-2027 Research and Innovation Program. As part of this highly competitive program, Oncomatryx will receive €2.5 million in grant funding, along with a €10 million equity investment in its upcoming financing round. The EIC Accelerator call attracted 959 applications, with only 40 companies selected across 16 countries. Oncomatryx is proud to be the only oncology company among this distinguished group. 'Securing EIC Accelerator funding is a major milestone for Oncomatryx and a strong validation of our innovative approach to oncology drug development,' said Laureano Simón, CEO of Oncomatryx. 'This funding will enable us to advance the expansion cohorts of our ongoing Phase I clinical trial in pancreatic, colorectal, and lung cancer, following highly promising results in the dose-escalation phase. We are honored to be recognized as Europe's leading ADC platform and contribute to advancing new treatment options for patients with hard-to-treat solid tumors.' Oncomatryx's unique ADC platform integrates proprietary novel payloads and advanced conjugation formats. With fully integrated R&D, chemistry, and conjugation facilities, Oncomatryx stands out as Europe's most advanced ADC development platform, from discovery through to clinical-stage development. The company's novel approach combines a deep understanding of the tumor microenvironment biology with proprietary payloads and linker technologies, positioning Oncomatryx as a strategic leader in oncology innovation. Oncomatryx is currently advancing its lead ADC candidate, OMTX705, in clinical trials targeting Fibroblast Activation Protein in aggressive tumors with high unmet medical need. Encouraging clinical data have been presented at ASCO 2025 meeting. Ninety five patients were treated in the dose escalation and 3 backfilling cohorts of metastatic immune-cold solid tumors. An outstanding safety profile, with no dose limiting toxicity was shown, as well as long responses in patients expressing FAP. Randomized clinical trials are ongoing in immune-cold metastatic pancreatic, MSS colorectal and non-small cell lung cancer. In addition to this recognition from the European Union, Oncomatryx has been designated a strategic company by both the Government of Spain and the Basque Regional Government. The Spanish government R&D funding body, CDTI through Innvierte co-investment initiative for strategic companies and the Basque Regional Government have both invested directly in Oncomatryx, acknowledging its pivotal role in advancing oncology innovation. Together with the EIC Accelerator award, these endorsements firmly position Oncomatryx as a european leading player in Oncology and the ADC field.'
Business Times
08-07-2025
- Business
- Business Times
Startup partnerships can help corporations unlock deep tech innovation
DEEP tech – including breakthroughs in artificial intelligence (AI), synthetic biology, quantum computing and advanced materials – is shaping the future of industries, economies and everyday life. In 2023, the global deep tech market was valued at US$548 billion, and it is expected to grow to US$2.7 trillion by 2034, according to Future Market Insights. These technologies are not just creating new products and services; they are driving transformations in key industries such as energy, healthcare, mobility and manufacturing. Governments are responding accordingly: the US Chips Act, Europe's EIC Accelerator, and China's sovereign AI programmes reflect a shared strategic priority – accelerating deep tech commercialisation. For corporations, the implications are clear. Capturing the value of deep tech is no longer optional. It is crucial to develop long-term competitiveness. Yet despite growing urgency, many firms find that internal research and development (R&D) effort alone is not delivering at the speed or scale desired. Why corporate R&D alone often falls short Corporations are not short on resources or talent. Yet, deep tech innovation presents structural challenges that traditional R&D systems struggle to overcome. Siloed organisation structures often separate research teams from business units, procurement, and compliance functions. Layered decision-making slows down experimentation momentum. Short-term performance focus creates friction with the long development timelines that deep tech requires. And many organisations lack internal capabilities to evaluate unproven technologies at early maturity stages. Startups, by comparison, operate differently. They plan scientific and commercial milestones around the urgency and constraints of limited capital and time. Their flat teams enable faster iteration and testing cycles, guided by market feedback and commercial traction. According to Startup Genome's 2023 deep tech report, top-performing startups consistently compress time to Technology Readiness Level 7 (real-world prototype validation) through agile development, lean operating models, and fast feedback cycles. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up These dynamics do not suggest that startups are inherently superior. Corporations bring advantages that startups often lack – such as regulatory expertise, global market access, and deep industry relationships. This contrast reveals an opportunity: partnerships that combine the scale and resources of corporations with the speed and adaptability of startups. What effective partnerships can achieve When structured correctly, corporate-startup partnerships can accelerate time to market, de-risk emerging technologies and create value for both parties. For example, Tokio Marine subsidiary ID&E launched a pilot to modernise road maintenance in Japan using deep-tech startup partnerships. Traditionally reliant on manual inspections, the company saw an opportunity to shift from reactive repairs to predictive maintenance. It did this by integrating AI-enabled mobile tools using smartphone video to detect road defects in real time – eliminating bulky sensors and significantly improving speed and accuracy. This aligned with Japan's market shift from new construction to maintenance of ageing infrastructure, and helped ID&E close capability gaps in data collection and analysis. Building on the pilot's success across multiple prefectures, ID&E launched a broader initiative in Singapore under the Economic Development Board's Corporate Venture Launchpad programme, aiming to deliver predictive, AI-supported road asset management across South-east Asia's US$13 billion to US$14 billion road maintenance market. Another example comes from wastewater treatment startup Hydroleap which partnered with IX Technology to reduce the environmental impact of water-intensive data centres in Singapore. Hydroleap's electrochemical solution removes up to 95 per cent of pollutants and cuts water discharge by 70 per cent, offering a more sustainable approach to cooling tower operations as industrial water demand – and AI data processing – surges. With plans to expand across Malaysia and Vietnam, the partnership reflects how deep-tech solutions can scale rapidly when paired with the right industry platform. These examples demonstrate that when corporates provide the structure, and startups provide the technical domain expertise, the combination can outperform either approach alone. A framework for high-impact startup partnerships Despite the potential, many corporate-startup collaborations fail to scale. Based on observation across sectors, four enablers consistently distinguish successful partnerships: Protected pilot space Corporates must create dedicated environments – what we call 'sandboxes with teeth' – where startups can test technologies under real-world conditions without navigating standard corporate procurement and compliance processes. These spaces require their own budgets, legal protocols, and executive sponsorship. Business-aligned ownership A pilot that succeeds technically but lacks business unit buy-in rarely moves forward. Tie partnership outcomes to operational KPIs and profit-and-loss goals from the start. This ensures shared accountability and increases the likelihood of scale-up. Startup translators Startups and corporates operate on different assumptions. Hiring individuals who understand both environments – start-up 'translators' – can bridge communication, translate startup value into corporate context, and align expectations throughout the collaboration. Portfolio thinking Rather than investing in isolated pilots, manage startup collaborations as a portfolio of experiments. Measure learning velocity – how quickly lessons from one engagement are reused across the organisation – and create stage gates to reallocate resources towards the most promising pilots. The strategic imperative Startup partnerships are not a shortcut. They are a strategic mechanism to unlock value that internal systems alone cannot deliver. Corporations that rely solely on internal R&D risk falling behind more agile players – both startups and competitors who collaborate with them. With the right structures in place, corporations can accelerate innovation, reduce risk, and bring transformative technologies to market faster. The question is no longer whether to partner – but how. Daniel Chow is a principal at Arthur D Little Singapore, with a focus around advising on strategy, M&A and innovation across Asia-Pacific. Joel Koh is an engagement manager at Arthur D Little, where he advises clients across South-east Asia on innovation strategy, digital and business transformation.
Yahoo
11-05-2025
- Business
- Yahoo
Are these the best European countries to start a business in?
The escalating trade tensions between the EU and the US, as well as the EU and China have led to rising business, economic and financial volatility in the last several months. Sticky-high inflation and relatively high interest rates have also contributed to the increasing uncertainty, while the ongoing cost of living crisis being seen in several parts of Europe has eroded start-up capital. As such, choosing which European country to set up a new business can feel like an especially daunting task at the moment. However, there is still a silver lining for founders, as the EU has been focusing more on ramping up its domestic production of goods and services, in an attempt to reduce its reliance on foreign countries. This involves welcoming more small and medium enterprises (SME) by offering a number of financing and support schemes such as EIC Accelerator, Horizon Europe, Women TechEU, EIC STEP Scale Up, Connecting Europe Facility (CEF) and more. The EU also has several knowledge tools such as the Your Europe Business Portal, Enterprise Europe Network and Erasmus for Young Entrepreneurs. According to the European Commission, the EU has around 35,000 early-stage start-ups in 2025. How easy it is to conduct business in any country means taking a few key factors into consideration. The World Bank's Ease of Doing Business index has classified these into 10 parameters. These include: Starting a business Dealing with construction permits Getting electricity Registering property Getting credit Protecting minority investors Paying taxes Trading across borders Enforcing contracts Resolving insolvency Euronews looks at where in Europe founders could have a relatively easier time setting up a business in the current economic environment. Related Merz's stumble jeopardises hopes of rebooting sluggish German economy Estonia has been one of the most welcoming EU countries for foreign founders, offering a very pro-business legal and economic framework, while also being highly digitised. Its e-residency programme lets non-residents register their companies online, while taking care of their business needs digitally. It also allows them to make use of several Estonian government services from anywhere in the world. Other business transactions such as tax filings and banking transactions can be carried out online as well. It takes 15 minutes to set up a company, with 98% of businesses being set up online, according to Invest in Estonia. The country's tax system encourages reinvestment while also charging no tax on retained profits. Estonia also has relatively low bureaucracy, which makes it even easier to set up a business, while taking advantage of the EU's single market and being strategically located for both Baltic and wider European markets. Given the ongoing geopolitical turbulence being seen at the moment, having a location-independent business could prove to be a major advantage for new founders. Related Europe's top tax breaks for the rich – see how countries compare The Republic of Ireland is another popular choice for starting a business in Europe, due to it being a high-income, very digitally developed economy. According to 1Office, smartphone usage has hit 90%, with household internet access also touching 92%, setting a good foundation for businesses with tech and digital products. With Enterprise Ireland investing in about 200 start-ups every year, the country sends out a very strong, welcoming message to entrepreneurs worldwide. According to the World Bank's Doing Business in the European Union 2020: Ireland study, several Irish cities rank highly on many of the above parameters. Businesses can very rapidly enforce contracts and get electricity smoothly in Cork. Dublin also does well regarding these two things, as well as starting businesses. Waterford is most efficient in issuing construction permits, whereas Galway is best at registering property, as well as starting a business. Ireland being a member of the European Union, OECD and eurozone, as well as using the euro and having English as one of the main languages, offers very attractive factors for European entrepreneurs. Entrepreneurs from the UK, Iceland, Norway, Switzerland and EU do not need any permits or visas to set up shop in Ireland. The country also facilitates the remote company set-up and registering for non-EU citizens. It also has one of the lowest corporate tax rates in the world at 12.5% and a Double Taxation Treaty with about 72 countries so far. Although Ireland has been struggling with a housing crisis lately, which has impacted businesses and foreign workers as well, the country still has a lot to offer new entrepreneurs. Related Investment in the EU's AI start-ups is on the rise, but could Trump's trade war threaten that? Bulgaria is a highly-favoured new business hub in Eastern Europe due to the relatively low bureaucracy involved in setting up a company, which takes only up to a couple of weeks. Administration costs are also very low, compared to most of Europe, as well as the corporate tax being only 10%. Foreign companies have no legal restrictions on buying land in the country, and only have to pay operational costs after registration. EU entrepreneurs can also avail of lower cost labour, highly-skilled and multilingual labour and a relatively low cost of living, while still having access to the European Single Market due to Bulgaria being part of the EU. Bulgaria's geopolitical location in the South East of Europe also provides convenient access to other established markets such as Greece and Turkey, while opening up opportunities in Serbia and North Macedonia. Bulgaria also allows remote company registration. However, corruption still remains an issue in the country, which needs to be taken into account while considering what type of business to set up and which part of the country to be based in. Related Trump's tariffs hang over Europe's start-ups but the continent remains 'extremely attractive' According to the World Economic Forum, the Netherlands is the fifth largest economy in the European Union, with a gross domestic product of about $990.6 billion (€918.7 billion), accounting for about 5.96% of the EU economy. Located very conveniently in Western Europe, Netherlands has an extremely cosmopolitan, highly educated and skilled workforce. The Dutch government provides a raft of business support schemes and tax incentives to new businesses. Although the corporate tax rate is a little higher than some other European options at 25.8%, a number of business owners could find it worth the price, for the location and market access. Incentives include an entrepreneur allowance, as well as a 30% ruling. This allows employers to pay 30% of foreign talent's salaries without tax being deducted. Furthermore, the government supports research and development, as well as innovation by refunding a variety of costs for companies conducting scientific research, or developing new innovative products, amongst others. The Netherlands is especially favoured by entrepreneurs with technologically advanced companies such as robotics and artificial intelligence, as well as retail. Related Signs of EU-China reset intensify as Xi Jinping arrives in Moscow for Victory Day Denmark is another country where founders can set up a business with relative ease. It is consistently ranked highly by the World Bank in terms of ease of doing business, often bagging one of the top 5 spots worldwide. Registering a company in Denmark is relatively simple, with founders able to complete the process online. The process is quick and can sometimes take only a few hours. Denmark also offers a stable economy, along with a highly-skilled workforce and robust infrastructure. The labour market is relatively flexible, with lower hiring and firing costs. The country is reputed for its trust-based business culture, which can slash transaction costs, as businesses can cut down on complicated verification processes, extensive legal contracts and security measures. Denmark has an attractive corporate tax rate as well, set at 22% for most organisations. Related Ford expects a €1.39bn hit from Donald Trump's tariffs in 2025 According to the British Business Bank, about 360,000 new businesses are set up in the UK every year. Forming a company is also relatively quick, easy and cheap, with postal applications being processed within eight to 10 days and online applications, within 24 hours. With one of the most diverse economies and workforces in Europe, the United Kingdom also has measures to support businesses in their first few years, when profitability is low. It also provides tax relief at the end of a business' life, with regards to the revenue gained from selling assets. Furthermore, the UK has a strong taxation and legal system, with efficient processes and a corporate tax rate of 25% for all limited companies. With a third of adults now having some kind of higher degree, the workforce is highly skilled and adaptable. A number of crowdfunding, venture capital and angel investment opportunities are also available for entrepreneurs, as well as government grants, funding and advice, through various government departments. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Are these the best European countries to start a business in?
The escalating trade tensions between the EU and the US, as well as the EU and China have led to rising business, economic and financial volatility in the last several months. Sticky-high inflation and relatively high interest rates have also contributed to the increasing uncertainty, while the ongoing cost of living crisis being seen in several parts of Europe has eroded start-up capital. As such, choosing which European country to set up a new business can feel like an especially daunting task at the moment. However, there is still a silver lining for founders, as the EU has been focusing more on ramping up its domestic production of goods and services, in an attempt to reduce its reliance on foreign countries. This involves welcoming more small and medium enterprises (SME) by offering a number of financing and support schemes such as EIC Accelerator, Horizon Europe, Women TechEU, EIC STEP Scale Up, Connecting Europe Facility (CEF) and more. The EU also has several knowledge tools such as the Your Europe Business Portal, Enterprise Europe Network and Erasmus for Young Entrepreneurs. According to the European Commission, the EU has around 35,000 early-stage start-ups in 2025. How easy it is to conduct business in any country means taking a few key factors into consideration. The World Bank's Ease of Doing Business index has classified these into 10 parameters. These include: Starting a business Dealing with construction permits Getting electricity Registering property Getting credit Protecting minority investors Paying taxes Trading across borders Enforcing contracts Resolving insolvency Euronews looks at where in Europe founders could have a relatively easier time setting up a business in the current economic environment. Related Merz's stumble jeopardises hopes of rebooting sluggish German economy Estonia has been one of the most welcoming EU countries for foreign founders, offering a very pro-business legal and economic framework, while also being highly digitised. Its e-residency programme lets non-residents register their companies online, while taking care of their business needs digitally. It also allows them to make use of several Estonian government services from anywhere in the world. Other business transactions such as tax filings and banking transactions can be carried out online as well. It takes 15 minutes to set up a company, with 98% of businesses being set up online, according to Invest in Estonia. The country's tax system encourages reinvestment while also charging no tax on retained profits. Estonia also has relatively low bureaucracy, which makes it even easier to set up a business, while taking advantage of the EU's single market and being strategically located for both Baltic and wider European markets. Given the ongoing geopolitical turbulence being seen at the moment, having a location-independent business could prove to be a major advantage for new founders. Related Europe's top tax breaks for the rich – see how countries compare The Republic of Ireland is another popular choice for starting a business in Europe, due to it being a high-income, very digitally developed economy. According to 1Office, smartphone usage has hit 90%, with household internet access also touching 92%, setting a good foundation for businesses with tech and digital products. With Enterprise Ireland investing in about 200 start-ups every year, the country sends out a very strong, welcoming message to entrepreneurs worldwide. According to the World Bank's Doing Business in the European Union 2020: Ireland study, several Irish cities rank highly on many of the above parameters. Businesses can very rapidly enforce contracts and get electricity smoothly in Cork. Dublin also does well regarding these two things, as well as starting businesses. Waterford is most efficient in issuing construction permits, whereas Galway is best at registering property, as well as starting a business. Ireland being a member of the European Union, OECD and eurozone, as well as using the euro and having English as one of the main languages, offers very attractive factors for European entrepreneurs. Entrepreneurs from the UK, Iceland, Norway, Switzerland and EU do not need any permits or visas to set up shop in Ireland. The country also facilitates the remote company set-up and registering for non-EU citizens. It also has one of the lowest corporate tax rates in the world at 12.5% and a Double Taxation Treaty with about 72 countries so far. Although Ireland has been struggling with a housing crisis lately, which has impacted businesses and foreign workers as well, the country still has a lot to offer new entrepreneurs. Related Investment in the EU's AI start-ups is on the rise, but could Trump's trade war threaten that? Bulgaria is a highly-favoured new business hub in Eastern Europe due to the relatively low bureaucracy involved in setting up a company, which takes only up to a couple of weeks. Administration costs are also very low, compared to most of Europe, as well as the corporate tax being only 10%. Foreign companies have no legal restrictions on buying land in the country, and only have to pay operational costs after registration. EU entrepreneurs can also avail of lower cost labour, highly-skilled and multilingual labour and a relatively low cost of living, while still having access to the European Single Market due to Bulgaria being part of the EU. Bulgaria's geopolitical location in the South East of Europe also provides convenient access to other established markets such as Greece and Turkey, while opening up opportunities in Serbia and North Macedonia. Bulgaria also allows remote company registration. However, corruption still remains an issue in the country, which needs to be taken into account while considering what type of business to set up and which part of the country to be based in. Related Trump's tariffs hang over Europe's start-ups but the continent remains 'extremely attractive' According to the World Economic Forum, the Netherlands is the fifth largest economy in the European Union, with a gross domestic product of about $990.6 billion (€918.7 billion), accounting for about 5.96% of the EU economy. Located very conveniently in Western Europe, Netherlands has an extremely cosmopolitan, highly educated and skilled workforce. The Dutch government provides a raft of business support schemes and tax incentives to new businesses. Although the corporate tax rate is a little higher than some other European options at 25.8%, a number of business owners could find it worth the price, for the location and market access. Incentives include an entrepreneur allowance, as well as a 30% ruling. This allows employers to pay 30% of foreign talent's salaries without tax being deducted. Furthermore, the government supports research and development, as well as innovation by refunding a variety of costs for companies conducting scientific research, or developing new innovative products, amongst others. The Netherlands is especially favoured by entrepreneurs with technologically advanced companies such as robotics and artificial intelligence, as well as retail. Related Signs of EU-China reset intensify as Xi Jinping arrives in Moscow for Victory Day Denmark is another country where founders can set up a business with relative ease. It is consistently ranked highly by the World Bank in terms of ease of doing business, often bagging one of the top 5 spots worldwide. Registering a company in Denmark is relatively simple, with founders able to complete the process online. The process is quick and can sometimes take only a few hours. Denmark also offers a stable economy, along with a highly-skilled workforce and robust infrastructure. The labour market is relatively flexible, with lower hiring and firing costs. The country is reputed for its trust-based business culture, which can slash transaction costs, as businesses can cut down on complicated verification processes, extensive legal contracts and security measures. Denmark has an attractive corporate tax rate as well, set at 22% for most organisations. Related Ford expects a €1.39bn hit from Donald Trump's tariffs in 2025 According to the British Business Bank, about 360,000 new businesses are set up in the UK every year. Forming a company is also relatively quick, easy and cheap, with postal applications being processed within eight to 10 days and online applications, within 24 hours. With one of the most diverse economies and workforces in Europe, the United Kingdom also has measures to support businesses in their first few years, when profitability is low. It also provides tax relief at the end of a business' life, with regards to the revenue gained from selling assets. Furthermore, the UK has a strong taxation and legal system, with efficient processes and a corporate tax rate of 25% for all limited companies. With a third of adults now having some kind of higher degree, the workforce is highly skilled and adaptable. A number of crowdfunding, venture capital and angel investment opportunities are also available for entrepreneurs, as well as government grants, funding and advice, through various government departments.