Logo
Company Profile

MOI COMPOSITES SRL

EIC Accelerator Funding Boosts MOI Composites' CFM4Industry Project for Advanced Manufacturing

ItalyEIC Accelerator2023

Table of Contents

  1. The EIC Accelerator Project
  2. The Funding Rounds
  3. The Press Releases
  4. The Technology Advancements
  5. The Partnerships and Customers
  6. The Hiring and Company Growth
  7. The Media Features and Publications

1 The EIC Accelerator Project

EIC Accelerator Program Overview

The EIC Accelerator program is a vital component of the European Innovation Council (EIC), aimed at supporting small and medium-sized enterprises (SMEs) and start-ups that are innovating in high-impact areas, particularly in DeepTech. This program is designed to assist companies in developing and scaling breakthrough technologies and solutions that can significantly contribute to economic growth and societal challenges within Europe.

Funding Structure

The EIC Accelerator offers a hybrid funding model that combines grants and equity investments.

1. Grant Component: Companies can receive a grant of up to €2.5 million. This non-repayable funding is primarily intended for early-stage projects and can be used to cover costs related to research and development, market entry, and scaling operations.
2. Equity Component: The program also provides equity financing, which is particularly crucial for scaling operations. Initially, this equity component could go up to €15 million until the end of 2024, but starting in 2025, it will be capped at €10 million. This investment is designed to help companies attract further private financing, ultimately facilitating their growth and market penetration.

Purpose and Impact

The EIC Accelerator plays a critical role in the European DeepTech and startup ecosystem by fostering innovation and bridging the funding gap that many early-stage companies face. It helps entrepreneurs not only gain access to necessary capital but also provides business development support, mentorship, and networking opportunities. The program aims to de-risk investments for private sector stakeholders by demonstrating the viability of innovative technologies, thus attracting further funding and partnerships.

MOI Composites SRL and the CFM4Industry Project

Company Overview: MOI Composites SRL, based in Italy, is an innovative company specializing in advanced composite materials. The firm focuses on providing solutions that enhance manufacturing processes and material properties, aiming to revolutionize industries reliant on composite materials.

Project Acronym: CFM4Industry (Continuous Fiber Manufacturing for Industry).

Project Description: The CFM4Industry project aims to develop a cutting-edge continuous fiber manufacturing process tailored for industrial applications. This innovative technology is set to improve the mechanical properties of composite materials while streamlining production processes, making it more efficient and cost-effective.

Technology Basics and Background: The technology behind CFM4Industry revolves around the continuous fiber manufacturing process, which leverages advanced techniques to produce high-performance composite materials. Traditional methods for manufacturing composites often involve batch processes that can be time-consuming and resource-intensive.

The CFM4Industry project seeks to address these inefficiencies by implementing continuous manufacturing techniques. This involves the use of automated systems that can produce long continuous fibers, which are then integrated into composite materials. The advantage of continuous fibers is their superior strength-to-weight ratio, making them ideal for applications in sectors such as aerospace, automotive, and renewable energy.

By enhancing the manufacturing process, MOI Composites aims to enable industries to adopt composite materials more widely, thereby reducing weight, improving fuel efficiency, and ultimately lowering greenhouse gas emissions. The project not only represents a significant technological advancement but also aligns with broader European goals for sustainability and innovation.

Funding Milestone: MOI Composites SRL submitted its Step 2 proposal for the EIC Accelerator on November 8, 2023, and successfully progressed to the Step 3 interview phase, culminating in a win that underscores the project's potential impact and the company's innovative capabilities.

In conclusion, the EIC Accelerator program serves as a crucial pillar in supporting transformative innovation in Europe. Through initiatives like the CFM4Industry project, the program not only facilitates the growth of startups like MOI Composites but also contributes to the broader goals of sustainability and technological advancement within the European landscape.

2 The Funding Rounds

MOI COMPOSITES SRL (Italy) – Funding and Financing Overview Since EIC Accelerator Award

Company Background

MOI COMPOSITES SRL, based in Italy, specializes in the engineering and manufacturing of custom and small-series composite objects using its proprietary 3D printing technology called Continuous Fiber Manufacturing (CFM). The company was officially established in February 2018 as a spin-out from Politecnico di Milano’s +LAB.


Financing Raised

  • MOI Composites secured prestigious European Innovation Council (EIC) Accelerator funding after successfully submitting their Step 2 proposal and passing the Step 3 interview on November 8, 2023.
  • No additional publicly announced external venture capital or private equity rounds are reported for MOI Composites following this EIC Accelerator award up to May 2025.

Funding Rounds

DateRound TypeAmountInvestors
Nov 2023EIC AcceleratorNot disclosed†European Innovation Council

Date reflects the cutoff round; results would be confirmed after subsequent selection rounds. †The specific funding amount for MOI Composites has not been disclosed. Recent average per-company allocations by the EIC Accelerator have ranged between €2 million–€7 million, frequently awarded as blended finance combining grants with equity investment.


Timing and Amount of Funding Rounds

  • The only known significant funding event since late 2023 is the EIC Accelerator award. While precise timing of fund disbursement can lag behind official result announcements due to due diligence procedures, companies typically begin receiving funds within several months after winning.
  • Public records do not reveal any other investment rounds or direct financial infusions since November 2023.

Investor Information

  • The main investor post-November 2023 is the European Innovation Council Fund via its EIC Accelerator program.
  • There are no details available regarding participation from private venture capital firms or strategic corporate investors during this period.

Information Related to Funding Rounds

  • Details about shareholding changes, board appointments by investors, or use-of-proceeds breakdown have not been made public since receiving the EIC award.
  • As a condition of accepting blended finance from the EIC Fund, recipients may be subject to governance rights typical for institutional investment but these specifics are confidential unless voluntarily disclosed.

Company Valuations

No valuation information has been published for MOI Composites either before or following their receipt of EU funding. Valuation figures often remain undisclosed for early-stage deep-tech companies unless they conduct large-scale equity rounds involving multiple investors.


Exit Events: IPOs/Buyouts/Acquisitions

There is no evidence that MOI Composites SRL has undergone an initial public offering (IPO), acquisition/buyout by another entity, or any comparable exit event between November 2023 and May 2025. The company continues operating as an independent SME focused on deploying its CFM technology across diverse markets such as marine applications, sporting goods, healthcare devices, energy solutions, aerospace components, construction materials, transportation parts, and luxury items.


Summary Table: Key Post-EIC Financing Data Points

| Category | Status (Nov. '23–May '25) | |---------------------------|-----------------------------------------------| | Total financing raised | Undisclosed; includes significant EU grant/equity | | Number of rounds | One major round (EIC Accelerator) | | Round timing | Nov. '23 selection; fund release follows | | Main investor(s) | European Innovation Council Fund | | Additional investors | None publicly announced | | Latest known valuation | Not available | | Exit events | None |

Sources

3 The Press Releases

MOI COMPOSITES SRL: EIC Accelerator Funding and Technology Focus MOI COMPOSITES SRL, an Italian innovator in advanced manufacturing, secured EIC Accelerator funding through the November 8, 2023, cut-off. Their winning project, CFM4Industry, focuses on Continuous Fiber Manufacturing for Industry, targeting scalable production of high-performance composite materials.

The company’s website (moi.am) does not provide publicly visible press releases or blog posts detailing post-funding updates as of the latest available data. However, the EIC Accelerator selection documents confirm their focus on industrial-scale composite manufacturing solutions. No specific partnerships, patents, or team expansions were disclosed in the analyzed materials related to this funding round.

Sources

4 The Technology Advancements

Current Capabilities of Moi Composites SRL

Moi Composites SRL, an Italian startup, is renowned for its innovative Continuous Fiber Manufacturing (CFM) technology, which enables the production of high-performance thermoset composite parts. This technology, developed by +LAB from the Politecnico di Milano, won the 2017 JEC Innovation Award. Moi Composites uses CFM to create customized and high-performance objects, emphasizing not just prototyping but also the production of end-use products.

The company's capabilities include 3D printing with continuous glass and carbon fibers, using robots to deposit fibers impregnated with thermosetting resins like epoxy, acrylic, and vinylester. This process allows for the creation of fiber-reinforced products without molds or tooling, enabling complex shapes and designs, such as their notable MAMBO (Motor Additive Manufacturing BOat) project.

Advancements Since EIC Accelerator Funding

As of the latest information available, there are no specific details on advancements made by Moi Composites since receiving the EIC Accelerator funding in November 2023. However, their participation in such a prestigious funding program suggests ongoing efforts to scale and improve their technology.

Moi Composites has been actively exploring various applications of their technology, including biomedical components, marine, oil & gas, and aerospace parts. The company’s CFM technology is versatile and can be used for both discontinuous and continuous fiber-reinforced polymers, demonstrating potential for further innovation.

Technology Demonstrations and New Features

Moi Composites has demonstrated their technology through several notable projects, such as the MAMBO boat, which showcased the capability of CFM in creating complex and durable marine structures. This project highlighted the potential for customization and scalability in boat design and manufacturing.

While there is no recent information on new features or technology improvements specifically linked to the EIC funding, Moi Composites continues to emphasize the unique benefits of CFM, which include mechanical properties comparable to traditional manufacturing methods without the need for molds.

Patents and Scientific Publications

There is no recent information on new patents filed or scientific studies published by Moi Composites since receiving the EIC funding. However, the company's CFM technology was patented in 2015, and they continue to build upon this foundation.

Demonstrations and Trials

Moi Composites has effectively demonstrated their technology through tangible products like the MAMBO boat, showcasing real-world applications of CFM. The boat was showcased at the Genoa Boat Show in 2020, highlighting the company's ability to create functional and aesthetically pleasing designs with their technology.

Sources:

5 The Partnerships and Customers

Overview of Moi Composites SRL

Moi Composites SRL, an Italian company, has been making significant strides in the field of advanced composite materials and 3D printing technology since its inception. Founded as a spin-off from Politecnico di Milano University, Moi Composites specializes in Continuous Fiber Manufacturing (CFM), a patented 3D printing process that allows for the production of high-performance thermoset composite parts without the need for molds or traditional tooling.

Partnerships and Collaborations

Moi Composites has established partnerships with several key entities across various industries:

  • MAMBO Project Partners: In the marine sector, Moi Composites collaborated with global experts like Autodesk, Catmarine, Confindustria Nautica, Mercury Marine, MICAD, Osculati, and Owens Corning to develop the MAMBO project, a 3D-printed glass fiber boat.
  • Hi-Fiber Partners: In the dental sector, Moi Composites' subsidiary Moi Dental SRL partnered with Malo Clinic to produce continuous glass fiber dental structures using CFM technology. Other partners include 3Shape, ETK Lyra, and Vita.
  • Technological Collaborations: Moi also collaborates with companies like KUKA for robotic automation.

New Relationships and Market Position

Since winning the EIC Accelerator funding on November 8, 2023, Moi Composites SRL is likely to further strengthen its position in the market by:

  • Expanding Industry Reach: The EIC funding will help Moi Composites scale its CFM technology across multiple sectors, including aerospace, energy, healthcare, and luxury goods.
  • Technology Advancements: The funding will support research and development efforts, potentially enhancing the speed and control of the CFM process and exploring new fiber materials like carbon and aramid.

Impact on Technology and Scaling

The new relationships and funding will significantly contribute to Moi Composites' technological advancements and scaling by:

  • Innovation and R&D: Enhancing the CFM technology to improve efficiency and product quality.
  • Market Expansion: Entering new markets and expanding existing ones through strategic partnerships and increased production capacity.
  • Global Recognition: Strengthening its reputation as a leader in advanced composite manufacturing, which can attract more partnerships and investments.

New Customers and Partners

While specific new customers or partners are not detailed, the EIC Accelerator funding will likely attract more collaborations across various industries, such as sporting goods and construction, where CFM technology can add value by producing unique, high-performance products.


Sources: - Moi - Composites Production Made Simple

6 The Hiring and Company Growth

Moi Composites Srl: Team Growth and Hiring Post-EIC Accelerator Funding Moi Composites, an Italian startup specializing in continuous fiber 3D printing for high-performance composites, has not publicly disclosed its current headcount or recent hiring activities. However, insights into its operational scale and strategic direction can be derived from available information.
  • Current Team Size: Classified as a "small team" (2–9 employees) based on Milan’s manufacturing sector listings, though the company’s expanding robotics and project portfolio suggests potential growth.
  • Growth Trajectory: Since its 2018 founding, Moi has scaled from academic research to delivering industrial-grade solutions, including large robotic printing cells and partnerships with Autodesk, Owens Corning, and Mercury Marine. The EIC Accelerator funding (2023) likely supports further R&D and commercial expansion.
  • Key Positions: No specific roles are listed publicly, but subsidiaries like Moi Dental Srl. indicate specialized hires in dental technology (e.g., Head of Strategy & Business Development). The company emphasizes roles in robotics automation, material science, and composite design across marine, aerospace, healthcare, and dental sectors.
  • Scaling Impact: New hires would enable larger production capacities (e.g., bigger robotic cells beyond 0.8 x 1 x 1.2 meters), process optimization for speed/quality, and diversification into markets like luxury goods or construction. Recent projects such as the MAMBO boat highlight cross-industry scalability using CFM technology.
  • Management Stability: Founders Gabriele Natale (CEO) remains active per public statements; no leadership changes are reported post-EIC funding.

Sources

7 The Media Features and Publications

Overview of MOI Composites SRL

MOI Composites SRL, an Italian company founded in February 2018, is a pioneering firm in the field of 3D printing, particularly with its Continuous Fiber Manufacturing (CFM) technology. This innovative process allows for the production of high-performance thermoset composite parts, combining the strengths of continuous fibers with the flexibility of additive manufacturing.

Media Features and Publications

MOI Composites has been featured in several publications for its groundbreaking work in 3D printing technologies. Notably, they have been recognized for creating the world's first 3D-printed fiberglass boat, known as MAMBO, which was showcased at the 2020 Genova Boat Show. The company's CFM technology has been highlighted in publications like CompositesWorld and 3DPrint.com, emphasizing its ability to produce complex, high-performance parts for various industries.

Content from Publications

Publications have highlighted MOI Composites' ability to produce customized parts with exceptional strength and durability, leveraging its CFM technology. The company's innovative approach allows for the creation of parts with complex geometries that are not feasible with traditional manufacturing methods.

Podcasts and Interviews

While specific podcasts or interviews featuring the team of MOI Composites were not identified, the company's leaders, such as CEO Gabriele Natale, have been quoted in various articles discussing their vision and technological achievements.

Conference and Fair Visits

MOI Composites has participated in significant events like the Genova Boat Show, where they launched their 3D-printed MAMBO boat, and Formnext, a major exhibition for additive manufacturing technologies. These events have provided platforms for the company to showcase its capabilities and innovations in the field of composite manufacturing.

Involvement in Events

The company's involvement in these events underscores its commitment to advancing the adoption of CFM technology and demonstrating its potential across different industries. By participating in such gatherings, MOI Composites continues to highlight the versatility and scalability of its 3D printing solutions.

Funding and Recent Developments

After winning the EIC Accelerator funding in November 2023, MOI Composites is poised to further expand its operations and technological capabilities. This funding is expected to support the company's ongoing efforts to innovate and push the boundaries of composite manufacturing.

Sources: - Press - moi - composites production made simple

Do you need EIC Accelerator support?

Here is a list of the key service options for the EIC Accelerator:

Full Writing Service

All proposal sections are written by Stephan Segler, PhD.

Advisory Service

You write in-house but receive 1-on-1 support, templates, instructions, and reviews of all documents.

AI Writer & Training

A high-quality AI writer for EIC Accelerator Step 1 and a comprehensive Training program for Steps 1 and 2 including all templates and instructions.

EIC Accelerator Winner - 2023