- The EIC Scaling Club supports Europe’s leading tech startups. Backed by the European Innovation Council, the flagship programme of the European Commission, the programme aims to grow the value of selected businesses and maximize the companies’ positive global impact.
- Vay was nominated by Hyundai Motor Group through its Cradle subsidiary and selected as part of a highly competitive selection process in the ‘smart mobility’ category.
- Vay develops automotive-grade technology for remote driving (“teledriving”), paving the way for sustainable and driverless mobility services.
BERLIN, April 3, 2024 – The European Innovation Council (EIC) Scaling Club has unveiled its selection of 48 firms to join its first cohort of deep tech startups. As one of the selected companies, Vay will join a select cohort of companies to engage with investors, corporate innovators, mentors, media firms and other industry stakeholders.
Vay is privileged to have been nominated by the Hyundai Motor Group through its Cradle subsidiary for the exclusive EIC Scaling Club. Once nominated, Vay was fortunate to beat out hundreds of other businesses to get a place in the Smart Mobility cohort.
“Joining the EIC Scaling Club is an outstanding achievement for Vay. Together, we show that Europe can lead in innovation on a global basis,” said Justin Spratt, Vay’s Chief Business Officer.
Backed by the European Innovation Council, the EIC Scaling Club’s mission is to significantly grow the value of the selected world-class businesses, helping to drive European economic growth in order to deliver positive global impact.
“On behalf of all the partners working together to turn the EIC Scaling Club into a ‘catalyst for scale’, we welcome the first 48 companies into the fold and are delighted that Vay is part of the mix. In unison with our investors, corporate, mentor and media stakeholder members, we will ensure that the selected deep-tech companies derive as much value for their businesses as possible, as fast as possible,” said William Stevens, co-founder and group managing director of Tech Tour and coordinator of the EIC Scaling Club.
The EIC Scaling Club will provide its members with valuable industry connections, partnership opportunities, fundraising support, leadership mentoring and coaching, media visibility, recruitment, and more.
About the EIC Scaling Club:
The EIC Scaling Club is a curated community where 120+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 120+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefited from EIC financial schemes, other European and national innovation programmes, and beyond. The EIC Scaling Club is an EIC-funded initiative run in partnership with Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
For more information and a contact form, please visit EICScalingClub.eu
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