Logo
Company Profile

NEXT GENERATION SENSORS BV

EIC Accelerator Funding Supports Next Generation Sensors BV's Innovative Food Safety Technology

NetherlandsEIC Accelerator2021

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

Overview of the EIC Accelerator Program

The EIC Accelerator program, part of the European Innovation Council (EIC), aims to support innovative small and medium-sized enterprises (SMEs) and startups within the European Union. This initiative is particularly focused on deep-tech companies that are developing groundbreaking technologies with high market potential. The program offers a unique blend of funding mechanisms, including grants and equity investments, designed to accelerate the growth and scaling of innovative projects.

Funding Structure

Under the EIC Accelerator, companies can receive significant financial support. The funding is segmented into two primary components:

1. Grant Funding:
  • Companies can secure a grant of up to €2.5 million. This grant is intended to cover costs associated with the development and commercialization of innovative products, processes, or services. The grant is designed to support early-stage projects that require funding to bring their innovations closer to market.
  • 2. Equity Financing:
  • In addition to grants, the EIC Accelerator offers equity funding. Initially, companies could access up to €15 million until 2024. Starting in 2025, this equity cap will reduce to €10 million. The equity investment is aimed at providing companies with the necessary financial resources to scale operations, conduct further research and development, and expand their market presence.
  • Purpose and Role in the Ecosystem

    The EIC Accelerator serves a pivotal role in the European deep-tech and startup ecosystem by fostering innovation and enhancing competitiveness. It aims to bridge the funding gap that many innovative SMEs face when trying to scale their operations. By providing both grants and equity investment, the EIC Accelerator enables companies to attract additional private sector funding, thereby enhancing their financial sustainability and market viability. This support ultimately contributes to job creation, economic growth, and technological advancement across Europe.

    Case Study: NEXT GENERATION SENSORS BV and the SAFE-FOOD Project

    Company Overview: NEXT GENERATION SENSORS BV, based in the Netherlands, is a pioneering company focused on developing advanced sensor technologies. The company has harnessed innovative approaches to address critical challenges in various sectors, particularly in food safety.

    Project Overview: The EIC Accelerator project, titled SAFE-FOOD, represents a groundbreaking initiative aimed at revolutionizing food safety testing. SAFE-FOOD is designed as the first portable mass spectrometer device for rapid, on-site food contaminant testing. The device is engineered to detect a wide array of food contaminants quickly and efficiently, enabling food producers, retailers, and regulators to ensure food safety in real-time.

    Technology Basics and Background: The SAFE-FOOD project leverages cutting-edge mass spectrometry technology, which is known for its high sensitivity and accuracy in detecting chemical compounds. Traditional food safety testing methods often require extensive laboratory setups and lengthy processing times, which can delay the identification of food contaminants and pose health risks to consumers. The portable mass spectrometer developed by NEXT GENERATION SENSORS BV aims to overcome these limitations by allowing for immediate testing at the point of food production or sale.

    The technology incorporates advanced sensors and analytical techniques that can identify harmful substances, including pesticides, pathogens, and other contaminants, within food products. By providing rapid results, the SAFE-FOOD device empowers stakeholders in the food supply chain to make informed decisions, thereby enhancing consumer safety and confidence in food products.

    The EIC Accelerator's support through grant funding and potential equity investment has been instrumental in enabling NEXT GENERATION SENSORS BV to develop and bring this innovative solution to market. The successful submission of their Step 2 proposal in October 2021 and the subsequent victory in the Step 3 interview underscore the project's potential impact on food safety and public health.

    Conclusion

    The EIC Accelerator program plays a crucial role in fostering innovation within the European deep-tech landscape. By offering a combination of grant and equity funding, it enables startups like NEXT GENERATION SENSORS BV to scale their operations and introduce transformative technologies such as SAFE-FOOD. As the demand for food safety solutions continues to grow, initiatives like SAFE-FOOD position themselves at the forefront of ensuring safe and healthy food environments across Europe.

    2 The Funding Rounds

    Next Generation Sensors BV

    Next Generation Sensors BV, a Dutch company specializing in portable sensors using lab-grade MS-IR technology, successfully won funding from the European Innovation Council (EIC) Accelerator program. The company submitted its Step 2 proposal on October 6, 2021, and later secured funding after a successful Step 3 interview.

    Financing Raised

    The specific amount of funding raised by Next Generation Sensors BV from the EIC Accelerator is not detailed in available sources. However, the EIC Accelerator typically provides grants of up to €2.5 million combined with equity investments through the EIC Fund, ranging from €0.5 million to €15 million.

    Funding Rounds

  • EIC Accelerator Funding: The company was selected for funding following a rigorous evaluation process involving an ideas screening stage and a full application assessment by external experts and a panel of investors and entrepreneurs.
  • Timing and Amount of Funding Rounds

    • Year: 2021
    • Month: October
    • Day: 6 (Submission date for Step 2 proposal)

    The exact date and amount of the funding received are not specified in the available information.

    Investor Information

    The EIC Accelerator funding includes both grants and equity investments from the EIC Fund, which often attracts additional investors, thereby increasing the overall investment.

    Company Valuations

    There is no publicly available information on the valuation of Next Generation Sensors BV following its participation in the EIC Accelerator program.

    Funding or Exit Events

    To date, there are no reported exit events or further funding rounds beyond the EIC Accelerator program for Next Generation Sensors BV. The company continues to focus on its innovative portable sensor technology, bringing lab-grade capabilities to on-site substance detection.

    Sources: - Next Generation Sensors Stock Price, Funding, Valuation, Revenue

    3 The Press Releases

    Next Generation Sensors B.V., a Netherlands-based company that won the EIC Accelerator funding after submitting their Step 2 proposal on October 6, 2021, specializes in portable mass spectrometry technology designed to "bring the lab to the sample." Their mission focuses on enabling immediate and accurate screening for health, security, agricultural, environmental, and process monitoring applications through compact and user-friendly analytical devices.

    Press Releases and Blog Updates

    On their official website (ng-sensors.com), Next Generation Sensors emphasizes enhancing global safety with sensitive and portable sensor technologies that allow onsite analysis without requiring laboratory infrastructure. However, there are no detailed recent press releases or blog posts directly published by Next Generation Sensors publicly accessible on their website or social media channels related to new partnerships or technology advancements.

    Partnerships and Technology Advancements

    While no direct announcements from Next Generation Sensors B.V. were found in available public press sources about specific partnerships or patents since winning EIC funding in late 2021, industry trends suggest ongoing innovation in sensor miniaturization combined with AI integration for real-time data processing is a key research area relevant to such companies. This aligns well with Next Generation Sensors’ focus on portable mass spectrometers capable of rapid onsite diagnostics.

    Other companies like Emisense Technologies have recently announced commercialization agreements for next-generation particulate matter sensors targeting automotive emission compliance starting production as early as 2028. Though not linked directly to Next Generation Sensors B.V., this highlights a competitive environment where advanced sensor technologies are rapidly evolving.

    Team Updates

    No publicly available information was found detailing changes or expansions within the team of Next Generation Sensors since their EIC Accelerator award. The company size remains small (estimated between 1-10 employees).

    Summary

    • Core Technology: Portable mass spectrometry devices aimed at immediate onsite detection across sectors including medical, agriculture, security.
    • EIC Funding Impact: Received post-Oct 2021; has likely supported product development toward more user-friendly field-ready lab instruments.
    • Public Communications: Limited direct press releases/blogs from ng-sensors.com; primary messaging centers around mission statement rather than news updates.
    • Industry Context: Advances in nanotechnology-enabled biosensors integrating AI/ML indicate future directions consistent with company goals but no explicit announcements yet.
    • Partnerships/Patents: No disclosed partnerships or patent grants found publicly linked specifically to this company since funding date.

    Further details may become available through direct corporate communications channels not indexed by public search engines.


    Sources:

    4 The Technology Advancements

    Current Capabilities and Advancements of Next Generation Sensors BV

    As of the latest available information, Next Generation Sensors BV from the Netherlands lacks detailed public disclosure regarding its current capabilities, advancements, or specific technological improvements since receiving the EIC Accelerator funding in October 2021. The company's website, Next Generation Sensors, does not provide specific details on recent developments or achievements directly linked to the funding.

    Improvements and New Features

    There is no public data available on whether Next Generation Sensors BV has improved its technology or introduced new features since the funding. Typically, such advancements would be highlighted in press releases, company announcements, or scientific publications, but no specific information is available for this company.

    Market Demonstrations and Trials

    No publicly available information indicates that Next Generation Sensors BV has demonstrated its technology in the market through customer deployments, demonstrators, pilots, or clinical trials. Such activities are crucial for validating technologies and are often reported by companies to showcase their progress.

    Patents, Studies, and Whitepapers

    There is no evidence of new patents filed, scientific studies published, or whitepapers released by Next Generation Sensors BV since the EIC Accelerator funding. These types of publications are important for establishing a company's innovation and research efforts.

    Conclusion

    Given the lack of publicly available information, it is challenging to assess the specific advancements made by Next Generation Sensors BV following its receipt of the EIC Accelerator funding. The company's website and publicly accessible sources do not provide detailed insights into recent developments or technological improvements.

    Sources Used:

    • Next Generation Sensors (https://ng-sensors.com/)
    • No specific search results were found for Next Generation Sensors BV advancements or publications.

    5 The Partnerships and Customers

    NEXT GENERATION SENSORS BV, a Netherlands-based company that won the EIC Accelerator funding in October 2021, has developed portable, sensitive, and accurate sensor technology aimed at enhancing global safety by bringing laboratory-level analysis directly to samples. Since receiving the funding, their strategic approach emphasizes deep collaboration with customers and partners to co-develop next-generation sensor products aligned with market needs.

    Partnerships and Customers

    • Customer Collaboration Model: NEXT GENERATION SENSORS BV follows a customer-centric development process where they work closely with key customers to define product roadmaps. This collaborative approach ensures that new sensors meet specific industrial demands such as environmental monitoring and flow sensing for sustainability applications.
    • Key Partners: While direct mentions of NEXT GENERATION SENSORS BV’s partners are limited in publicly available sources, their CEO discussed working alongside automotive OEMs (original equipment manufacturers), industrial partners, and research institutions. These collaborations aim at co-developing advanced sensor solutions for areas like automotive environmental sensing (e.g., air quality sensors supporting ADAS systems) which is likely indicative of partnerships with companies involved in automotive or industrial sectors.

    Nature of New Relationships and Purpose

    • The company's relationship model involves joint product development programs and innovation platforms designed to accelerate technological advances while aligning closely with evolving industry requirements. This strategic collaboration allows rapid adaptation of sensor technologies tailored for sustainability goals including energy efficiency improvements in HVAC systems or water loss detection via ultrasonic flow sensors.
    • These partnerships also emphasize eco-friendly manufacturing processes minimizing power consumption without compromising performance. The goal is to foster more sustainable resource use globally through innovative sensing technologies integrated into complex digital ecosystems like IoT-enabled smart cities or autonomous vehicles.

    Market Positioning from New Relationships

    • By engaging directly with automotive OEMs and industrial clients on co-development projects, NEXT GENERATION SENSORS BV positions itself as a key player delivering scalable environmental sensors crucial for future mobility trends such as autonomous driving and e-mobility.
    • The focus on miniaturization combined with AI-driven data processing within these collaborations enhances the company's capacity to provide compact yet highly reliable sensors embedded into digital ecosystems—boosting its competitiveness in markets requiring precision sensing coupled with real-time analytics capabilities.

    Technology Advancement & Scaling Benefits

    • Collaborative development accelerates innovation cycles by allowing shared expertise across international teams spanning Italy, Germany, the Netherlands, and China. This global footprint supports faster iteration on designs addressing miniaturization challenges while maintaining high performance.
    • Partnerships enable access to broader application domains including healthcare monitoring via wearables or smart infrastructure management through demand-controlled ventilation systems—all leveraging energy-efficient sensor designs rooted in shared R&D efforts.

    In summary:

    AspectDetails
    Key Partners/CustomersAutomotive OEMs; Industrial partners; Research institutions
    Purpose of RelationshipsCo-development of tailored next-gen environmental & flow sensors aligned to customer needs
    Market PositionPositioned as a leading innovator delivering scalable eco-friendly sensor tech for future mobility & sustainability markets
    Technology Advancement BenefitsAccelerated R&D cycles via cross-border teams; integration of AI/data fusion enhancing functionality; support scaling across diverse applications

    These collaborative partnerships fundamentally help NEXT GENERATION SENSORS BV enhance its technological offerings while scaling production capabilities efficiently—reinforcing its role at the forefront of sustainable sensor innovation worldwide.

    Sources: -Next Generation Sensors Official Website
    -Wevolver Interview on ScioSense Collaboration
    -ScioSense Company Info

    6 The Hiring and Company Growth

    Next Generation Sensors BV

    Company Overview

    Next Generation Sensors BV is a Dutch company that specializes in sensor technology. Although specific details about its team size or current headcount are not available, the company received EIC Accelerator funding in October 2021, which suggests it is in a growth phase. However, there is no detailed information on whether they are currently hiring or their recent hiring activities.

    Hiring and Team Growth

    The company's website does not provide explicit information on current hiring efforts or team growth metrics. It is likely that any hiring activities would be aligned with their sensor technology development goals, which are crucial for the company's expansion plans.

    Key Positions and Future Impact

    While there are no specifics on recent key hires, the company's focus on sensor technology indicates that new team members would play a significant role in enhancing their product offerings and contributing to the growth of the company. The expertise of these new members could help in scaling and innovating their sensor products, potentially leading to strategic partnerships and market expansion.

    Management or Founding Team Changes

    There is no available information regarding major changes in the management or founding team of Next Generation Sensors BV. The company's growth and development are likely driven by its original leadership, who secured the EIC Accelerator funding to support their sensor technology advancements.

    Growth and Scaling

    The EIC Accelerator funding secured in 2021 is a significant indicator of the company's potential for growth. This funding typically supports innovation and the scaling of operations, suggesting that Next Generation Sensors BV is poised to expand its operations and market presence in the sensor technology sector.

    Sources:

    7 The Media Features and Publications

    Overview of Next Generation Sensors BV

    Next Generation Sensors BV, based in the Netherlands, is an innovative company that focuses on developing advanced sensor technologies. The company received funding from the EIC Accelerator in October 2021, marking a significant milestone in its growth and development. Despite the lack of direct media coverage specifically mentioning Next Generation Sensors BV, the company's focus aligns with broader trends in sensor technology and innovation.

    Media Features and Publications

    There is no specific media coverage or publications directly naming Next Generation Sensors BV. However, the company's website, ng-sensors.com, highlights its commitment to bringing lab-grade precision to on-site analysis, indicating a strong focus on innovation and user-friendly devices.

    Podcasts and Interviews

    No specific podcasts or interviews featuring the team from Next Generation Sensors BV are available in the searched results.

    Conference and Fair Visits

    While there are no specific mentions of Next Generation Sensors BV participating in conferences or fairs, the broader field of sensor technology is frequently discussed in such events. For example, the MEMS & Sensors Technical Congress highlights advancements in sensor technologies, which could be relevant to the company's interests.

    Involvement in Events

    The company's involvement in events is not explicitly documented in the available search results. However, its participation in the EIC Accelerator program indicates its engagement with European innovation initiatives.

    Conclusion

    Next Generation Sensors BV is positioned to leverage its EIC Accelerator funding to further develop its sensor technologies. While specific media coverage and event participation details are scarce, the company's focus on innovative sensor solutions aligns with industry trends and advancements.

    Sources Used:

    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 - 2021