1 The EIC Accelerator Project

EIC Accelerator Program: A Comprehensive Overview

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs) and startups with high-risk, high-potential innovations in Europe. The primary aim of the program is to bridge the gap between the ideation phase and the market introduction of groundbreaking technologies, particularly in sectors such as DeepTech, which encompasses advanced technologies driven by scientific research.

Funding Structure

The EIC Accelerator provides a unique funding structure that combines grants and equity investments, known as blended finance. This approach enables companies to acquire necessary capital while mitigating financial risks associated with innovation.

Purpose of the EIC Accelerator

The EIC Accelerator program plays a critical role in cultivating the European DeepTech and startup ecosystem. By providing substantial financial resources and support services, the program aims to:

• Encourage Innovation: Foster the development of innovative solutions that can address societal challenges, economic growth, and technological advancement.
• Facilitate Scale: Assist companies in scaling their operations and reaching market readiness, thus contributing to the overall competitiveness of the European market.
• Leverage Private Funding: Attract private sector investment by reducing perceived risks associated with novel technologies. The program encourages companies to demonstrate their potential to private investors, facilitating follow-on funding that is vital for sustainable growth.

Case Study: Compular AB and the COMPULAR Project

Company Overview: Compular AB, a Swedish startup, is an EIC Accelerator winner recognized for its innovative approach to battery development. The company submitted its Step 2 proposal on November 8, 2023, and successfully secured funding during the Step 3 interview.

Project Overview: The project, titled COMPULAR, focuses on the development of advanced simulation software equipped with a patented method optimized for battery development. This initiative aims to revolutionize how batteries are designed, tested, and optimized, ultimately leading to enhanced performance and efficiency in energy storage solutions.

Technology Background

The COMPULAR project is rooted in complex computational methodologies that enable precise simulations of battery behavior under various conditions. Traditional battery development processes often involve extensive physical testing, which can be time-consuming and costly. By leveraging advanced simulation software, Compular AB aims to predict battery performance more accurately, thereby reducing development time and costs.

The patented method integrated into the COMPULAR software utilizes algorithms that simulate electrochemical processes within batteries. This approach allows engineers and researchers to visualize how different materials and designs affect battery performance, leading to informed decision-making during the design phase. Key features of the technology include:

• Real-Time Analysis: The software provides real-time insights, enabling rapid iterations and optimization of battery designs.
• Material Optimization: By simulating various materials, the software assists in identifying the best combinations for maximizing energy density, lifespan, and charge/discharge rates.
• Cost Efficiency: By reducing the need for extensive prototype testing, the software minimizes costs and accelerates the development cycle.

The COMPULAR project aligns with the broader goals of the EIC Accelerator program by pushing the envelope of battery technology, which is critical for numerous applications, including electric vehicles, renewable energy storage, and consumer electronics. By empowering Compular AB with the necessary resources and support, the EIC Accelerator plays a pivotal role in shaping the future of energy storage technologies in Europe and beyond.

Conclusion

The EIC Accelerator program stands as a vital pillar in the European innovation landscape, promoting the growth of startups like Compular AB. Through its blended finance model, the program not only provides essential funding but also facilitates the scaling of innovative solutions that can transform industries and address pressing global challenges. The success of initiatives like the COMPULAR project underscores the importance of such support in driving technological advancements and fostering a sustainable economic future.

2 The Funding Rounds

# Compular AB: EIC Accelerator Success and Funding Profile

Compular AB, a Swedish company specializing in digitizing material development with a focus on the battery industry, has secured significant funding through the European Innovation Council (EIC) Accelerator program. The company's innovative software offers advanced simulation and analysis capabilities for predicting material properties, bringing computational chemistry to a broader audience beyond academic research.

EIC Accelerator Funding Details

Compular AB was selected for funding following the November 8, 2023 EIC Accelerator cut-off, with results announced on February 28, 2024. The company received a blended finance package worth €5.3 million from the EIC Accelerator under the Horizon Europe program. This funding represents part of the €285 million total budget allocated to 42 selected companies in that funding round.

The funding package for Compular consists of a combination of grants and equity investments, as 62% of the companies selected in this particular cut-off received blended finance. The EIC Accelerator typically offers grants of up to €2.5 million combined with equity investments through the EIC Fund.

According to Rasmus Andersson, CEO of Compular, this funding will enable the company to expand from electrolyte optimization to full battery design and eventually beyond the battery space, making their solutions more valuable for a wider range of companies.

Funding Timeline

The EIC Accelerator funding process for Compular followed this timeline: - Submission date: November 8, 2023 (Step 2 cut-off date)

• Results announcement: February 28, 2024
• Expected grant financing: Within 2-3 months of announcement (approximately May 2024)
• Expected investment decisions: Within 2 months of announcement, depending on urgency of needs

Success Rate Context

Compular's success in securing this funding is particularly notable given the competitive nature of the EIC Accelerator program. The November 2023 cut-off had the following success rates:

• Step 2 success rate: 22%
• Step 3 success rate: 17%
• Combined Step 2 & Step 3 success rate: 3.9%
• Estimated overall success rate (Step 1, 2 & 3 combined): approximately 2.7%

Investment Structure

The EIC Fund serves as the dedicated investment vehicle for EIC Accelerator companies and typically attracts other investors, increasing the overall investment to over three times the EIC investment on average. This suggests that Compular's €5.3 million could potentially catalyze additional private investment.

The equity investments made through the EIC Fund are designed to complement the grant financing, providing a comprehensive support package for innovative companies like Compular that are working on breakthrough technologies with high growth potential.

Company Impact and Future Direction

With this funding, Compular aims to democratize computational chemistry and accelerate the development of new, more efficient batteries. The company's technology is positioned to make significant contributions to the green transition, both in Europe and globally.

The investment will allow Compular to transition its technology from academic research to commercial applications, potentially revolutionizing material development in the battery industry and beyond. This marks a critical milestone for both the company and the material development sector as a whole.

No public information is currently available regarding Compular's previous funding rounds, company valuation, or any exit events such as IPOs or acquisitions based on the provided search results.

Sources: - Compular Receives €5.3M in Blended Funding from EIC Accelerator Horizon Europe with support from GAEU Consulting

• Unveiling the Latest EIC Accelerator Results: A Comprehensive Analysis - November 8th 2023 Cut-Off, February 2024 Release
• EIC Accelerator final 2023 cut-off funds 42 companies with up to €285 million
• EIC Accelerator – 71 companies selected in the most competitive funding round so far

3 The Press Releases

Compular AB: EIC Accelerator Winner

Compular AB, a Swedish company, was a recipient of the European Innovation Council (EIC) Accelerator funding in the November 2023 cut-off. This funding is part of the Horizon Europe program, which supports innovative projects across Europe.

Technology Advancements

Compular is known for developing advanced simulation software with patented methods optimized for battery development. Their technology is aimed at digitizing material development, particularly focusing on the battery industry. This software enables the prediction of material properties using intuitive design principles and state-of-the-art methods, offering high user flexibility.

Funding and Impact

Compular received a funding package worth €5.3 million from the EIC Accelerator. This financial boost is crucial for expanding their software capabilities beyond electrolyte optimization to full battery design. It also marks a significant step towards democratizing computational chemistry, making it accessible to a broader audience. This transition is expected to expedite the development of more efficient batteries, contributing to the green transition globally.

Partnerships

The funding received by Compular was supported by GAEU Consulting, highlighting a partnership that facilitated their success in securing the EIC Accelerator funding. This collaboration underscores the importance of strategic partnerships in accessing such prestigious funding opportunities.

Team Updates and Patents

There are no specific updates on team changes or new patents filed by Compular mentioned in the available information. However, their innovative technology and approach to material development suggest a strong focus on R&D and intellectual property protection.

Press Releases and Website Updates

Compular's website, compular.io, does not appear to host press releases directly related to the EIC funding. However, news about their funding has been covered by external sources, highlighting their achievement and future plans.

Social Media Presence

Compular's social media presence is not detailed in the available sources, but companies often use these platforms to share updates and achievements like receiving significant funding.

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Sources:

• Compular Receives €5.3M in Blended Funding from EIC Accelerator Horizon Europe with support from GAEU Consulting
• Unveiling the Latest EIC Accelerator Results: A Comprehensive Analysis
• Compular.io (Company Website)

4 The Technology Advancements

Compular AB: Current Capabilities and Advancements

Compular AB, based in Sweden, is a startup focused on digitalizing material development through innovative software solutions. Founded in 2020, the company has been at the forefront of developing cutting-edge analysis tools for predicting material properties, particularly in the battery industry. Compular's vision is to drive sustainability by enhancing R&D processes in material science.

Current Capabilities

• Software Development: Compular's software utilizes machine learning and statistical physics to predict emerging material properties based on chemical composition. This technology enables more efficient R&D, shorter development cycles, and innovative products across various industries, with a strong focus on battery development.
• Industry Focus: The company primarily targets the battery sector, working with leading European battery developers to improve electrolyte optimization and full battery design.
• Supercomputing Access: Compular has accessed the EuroHPC JU supercomputer Karolina, enhancing its computational capabilities for material simulations.

Advancements Since Receiving EIC Accelerator Funding

On November 8, 2023, Compular received significant funding from the European Innovation Council (EIC) Accelerator as part of the Horizon Europe program. This €5.3 million blended funding package marks a crucial milestone in the company's journey toward market expansion and technological advancement.

• Technology Expansion: The funding is expected to facilitate Compular's expansion from electrolyte optimization to full battery design and beyond the battery space, making its solutions more valuable to a broader range of companies.
• Market Demonstration: Although specific details on new pilot projects or demonstrations since the funding are not publicly available, the company's focus remains on enhancing its software capabilities to support the green transition through innovative material development.

New Features and Developments

Since receiving the EIC funding, Compular has continued to build on its novel analysis methods. While specific new features or technological breakthroughs are not detailed in the available information, the company's strategic direction emphasizes leveraging digital technology to accelerate battery research and development.

Patent Filings and Scientific Publications

There is no recent information available regarding new patents filed or scientific studies published by Compular AB since the EIC funding announcement. However, the company has previously filed patents for its novel analysis methods and performed proof-of-concept studies.

Market Presence

Compular works closely with leading European battery companies, contributing to the advancement of sustainable energy solutions through its software. The company's market presence is strengthened by its participation in the European innovation ecosystem, supported by funding from prestigious organizations like the EIC.

Sources

• About us - Compular
• Compular: Homepage
• Compular AB — Consulting Organization from Sweden
• All news - ENCCS
• Compular - FF4EuroHPC
• Compular Receives €5.3M in Blended Funding from EIC Accelerator

5 The Partnerships and Customers

Based on publicly available information from the provided sources, no direct references to Compular AB (compular.io) were found in the search results. The data does not include specific details about Compular AB’s partnerships, customers, or post-EIC Accelerator activities. Below is a synthesis of relevant partnership frameworks and trends that could contextualize potential strategies for a Swedish tech company like Compular AB following an EIC Accelerator win in 2023:

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Partnership and Collaboration Trends

Sweden’s innovation ecosystem emphasizes cross-industry collaborations, particularly in sustainability and technology. For example:

• Volvo Group’s strategic alliances (e.g., with Daimler Truck for software-defined vehicle platforms and Samsung SDI for battery development) highlight Sweden’s focus on leveraging partnerships to accelerate R&D and scaling.
• MobilityXlab, a Gothenburg-based incubator co-founded by Volvo, Ericsson, and others, demonstrates how startups can collaborate with industry leaders to validate technologies faster.

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Technology Advancements Through Partnerships

Joint ventures like Volvo-Aurora’s autonomous trucking project illustrate how partnerships can provide:

• Shared infrastructure costs, reducing financial risks for startups scaling new technologies.
• Access to proprietary datasets or platforms, critical for AI-driven solutions common among EIC-funded projects.

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Market Positioning via Strategic Relationships

EIC winners often target sectors aligned with EU priorities (e.g., Green Deal). Partnerships with entities like AI Sweden—a national AI hub partnering with Volvo—could help a company like Compular AB align with Sweden’s focus on sustainability-focused digital transformation.

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Limitations of Available Data

The absence of specific information about Compular AB suggests it may still be in stealth mode or prioritizing non-public collaborations post-funding. Companies typically announce partnerships after validating proof-of-concepts—often within 12–18 months of securing grants.

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Sources Used During Research:

• Collaborative Approach | Volvo Group (Partnership case studies)
• Key Trends that Channel Partners Need to Plan for in 2025 (AI/Cybersecurity collaboration trends)

For verified details about Compular AB’s partners or customers, direct inquiries to the company via its website (compular.io) would be necessary until public announcements emerge.

6 The Hiring and Company Growth

Compular AB: Post-EIC Accelerator Growth and Team Dynamics While specific headcount figures for Compular AB are not publicly disclosed, the company’s website emphasizes its focus on advancing R&D efficiency in battery development through its proprietary software. As a recent EIC Accelerator winner (November 2023), Compular is likely leveraging this funding to accelerate hiring, particularly in technical and R&D roles critical to scaling its platform.

Key considerations for team growth include:

• Hiring priorities: Likely targeting software engineers, battery technology specialists, and data scientists to enhance product development.
• Scaling impact: New hires would enable faster iteration of their analysis tools, positioning the company as a leader in next-generation battery innovation.
• Management continuity: No major leadership changes were identified; however, EIC funding often mandates governance reviews, suggesting potential board-level strategic adjustments.

The absence of public job postings or team metrics indicates either non-disclosure or early-stage scaling post-funding. For emerging deep-tech firms like Compular, EIC grants typically catalyze recruitment drives focused on commercializing research-driven solutions.

Sources
Compular: Homepage

7 The Media Features and Publications

Media Coverage and Public Presence of Compular AB Compular AB, a Swedish SME specializing in molecular dynamics simulation software, has garnered attention through strategic collaborations and technological advancements. While specific media features directly naming the company are limited in publicly available records, key partnerships and project updates highlight its industry presence.

Publications and Project Updates
The company’s work on CHAMPION, its flagship software for analyzing atomistic trajectories in materials science, was detailed in a 2022 ENCCS report. This collaboration emphasized Compular’s role in optimizing CHAMPION for SaaS deployment under the FF4EuroHPC initiative, supported by EuroHPC-JU supercomputing resources. DevelopmentAid.org lists Compular AB as a consulting organization active in Horizon Europe projects related to ICT, though specific publications or articles beyond this remain scarce.

Podcasts, Interviews, and Events
No publicly disclosed podcasts or interviews featuring Compular’s team were identified. Similarly, conference participations or presentations post-2023 EIC Accelerator funding (awarded November 8, 2023) are not documented in available sources. However, their collaboration with ENCCS suggests involvement in HPC-focused forums or technical workshops tied to EuroHPC initiatives.

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Sources

• ENCCS Work with Compular AB: final report
• Compular AB — Consulting Organization from Sweden