1 The EIC Accelerator Project

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support innovative small and medium-sized enterprises (SMEs) and startups in developing and scaling deep-tech solutions. Focused on high-potential, disruptive technologies, the program aims to bridge the funding gap faced by early-stage companies, particularly those that demonstrate innovative approaches to tackling societal and environmental challenges.

Funding Structure

The EIC Accelerator offers a unique blended finance model that combines grants and equity investments. Under this structure, companies can receive:

• Grants: Funding of up to €2.5 million is available to support early-stage development and piloting of innovative projects. This grant can cover a wide range of costs, including research and development, prototyping, and market introduction.
• Equity Investments: The program also provides equity funding, which can reach up to €15 million until 2024. From 2025 onwards, this amount will be capped at €10 million. The equity investment is intended to help companies scale their operations and attract additional private sector investments, ensuring that they have sufficient capital to grow and expand their market reach.

Purpose in the Ecosystem

The EIC Accelerator plays a critical role in the European DeepTech and startup ecosystem by providing financial support and validation to innovative companies that may otherwise struggle to secure funding. By facilitating access to substantial funding, the EIC Accelerator helps startups mitigate financial risks and encourages them to focus on long-term innovation and sustainability. The program fosters collaboration between entrepreneurs, researchers, and investors, which is essential for cultivating a vibrant innovation landscape in Europe.

Supporting Scale and Private Funding

One of the primary objectives of the EIC Accelerator is to assist companies in scaling their operations effectively. The funding helps them to validate their technologies, scale their production capabilities, and expand their market reach. Additionally, the EIC Accelerator provides a level of credibility that can attract private sector investment. By demonstrating that a project has received EIC funding, companies can leverage this validation to engage with venture capitalists and other investors, thereby enhancing their chances of securing further financing.

Case Study: Ever Dye

Company Overview: Ever Dye, a French company, emerged as a winner of the EIC Accelerator in June 2023. The company focuses on revolutionizing the textile dyeing industry through its innovative project, also named "Ever Dye."

Project Overview: Ever Dye's project proposes a plug-and-play sustainable dyeing solution designed to significantly reduce energy costs and minimize the environmental impact associated with traditional dyeing processes. This solution addresses critical issues such as water consumption, chemical usage, and energy efficiency, which are prevalent in the textile industry.

Technology Basics and Background: Traditional textile dyeing processes are notoriously resource-intensive, consuming large amounts of water and energy while generating significant chemical waste. Ever Dye's technology leverages advanced materials and innovative processes to create a more sustainable dyeing method that can be easily integrated into existing textile manufacturing setups. This plug-and-play solution allows manufacturers to transition to environmentally friendly practices without the need for extensive overhauls of their current operations.

By focusing on sustainability and efficiency, Ever Dye's technology not only aligns with the growing global emphasis on environmental responsibility but also offers economic advantages by reducing operational costs for manufacturers. The project has the potential to disrupt the textile industry by setting new standards for sustainable practices, ultimately contributing to a more circular economy.

In summary, the EIC Accelerator serves as a pivotal platform for innovation-driven companies like Ever Dye, facilitating access to significant funding and resources that enable them to thrive in competitive markets while addressing critical environmental challenges. The blended finance model, combining grants and equity investment, empowers these startups to develop transformative technologies that can lead to substantial positive impacts on industries and society as a whole.

2 The Funding Rounds

# Ever Dye: EIC Accelerator Winner and Funding Profile

Ever Dye, a Paris-based deep-tech startup founded in 2021, secured funding through the EIC Accelerator program in June 2023. The company specializes in sustainable dyeing pigments and processes for the fashion industry, developing biobased dyeing solutions that reduce carbon emissions, energy consumption, and eliminate toxic chemicals from textile dyeing.

EIC Accelerator Funding

Ever Dye was among the 47 European startups selected in the June 2023 EIC Accelerator call, which distributed a total of €349 million in funding. This particular cut-off demonstrated strong success for IT and engineering-based businesses, which represented 25% of the chosen companies. The majority of selected companies (68%) received blended finance, combining grants and equity investments.

France was notably the most successful country in this funding round, accounting for 25% of the selected companies. As a French startup, Ever Dye benefited from this strong national representation in the June 2023 cohort.

Funding History

Seed Round

Ever Dye raised €3.4 million ($3.73 million) in a Seed funding round announced on February 1, 2023. This round was led by:

• Maki.vc
• Asterion Ventures
• Entrepreneur First

The company's seed funding was aimed at developing its chemical process that allows textile dyeing mills to color fabrics faster, more efficiently, and sustainably.

Accelerator Programs

Beyond the EIC Accelerator, Ever Dye has participated in other accelerator programs, including:

Adore Me Sustainability Accelerator

Company Valuation

Based on available data, Ever Dye's enterprise value is estimated to be between $15-22 million. This valuation reflects the company's innovative technology, market potential in sustainable textile solutions, and the confidence of investors in its growth trajectory.

Company Profile

Founded: 2021
Headquarters: Rue Eugene Freyssinet, Paris, 75013, France
Company Size: 1-10 employees
Total Funding Raised: $3.73 million (excluding EIC Accelerator funding)
Business Focus: Sustainable dyeing pigments and processes for the textile industry
Unique Value Proposition: "A new standard for dyes. Naturally made, carbon emissions reducing, water protecting."

Technology and Product

Ever Dye is developing a textile pigment product that offers a chemical method for textile dyeing factories to color fibers quickly and efficiently without harmful chemicals. The company takes inspiration from Parisian artisans to create dye products without chemical agents, aiming to radically reduce carbon emissions in the textile industry.

The company's technology is still under development but promises to reshape the fashion industry with efficient dyeing processes and sustainable colors.

Current Status

As of September 30, 2024, Ever Dye was reported as active and continuing its development of sustainable dyeing solutions. No information about exit events such as IPOs, buyouts, or acquisitions has been reported.

Sources: - EIC Accelerator winners and statistics June 2023: 47 European deeptech startups awarded €349 million

• Ever Dye - Products, Competitors, Financials, Employees
• Ever Dye company information, funding & investors | New York State
• Everdye – Funding, Valuation, Investors, News - Parsers VC

3 The Press Releases

Ever Dye: Sustainable Textile Innovation Post-EIC Accelerator Funding Paris-based material tech startup Ever Dye, a June 2023 EIC Accelerator winner, has advanced its mission to decarbonize textile dyeing processes through patented innovations. The company’s chemical process replaces petrochemicals with bio-sourced pigments derived from vegetal waste and minerals, enabling dye application at room temperature in 30 minutes—a radical improvement over traditional methods that require hours at 130°C[^1^][^2^]. This reduces energy consumption by 15x and speeds up production fivefold while eliminating toxic wastewater[^3^].

Post-funding, Ever Dye aims to industrialize its technology and complete the world’s first room-temperature textile dyeing process. The company plans to triple its workforce within two years[^4^], supported by earlier €3.4M seed funding led by Maki.vc and Asterion Ventures^5^. Partnerships include Fashion for Good’s innovation program, reflecting alignment with global sustainable fashion initiatives[^6^.

While specific patent details are not publicly disclosed in available materials, the company emphasizes proprietary technology validated through industry collaborations and awards such as the ANDAM Innovation Prize 2022[7^. Leadership includes CEO Ilan Palacci and CTO Amira Erokh, PhD, who drive R&D focused on circularity in dye reuse and water purification post-dyeing[8^.

No direct blog posts or press releases from everdye.fr are accessible via current sources. However, third-party coverage highlights Ever Dye’s role in transforming textile supply chains through scalable green chemistry solutions.

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Sources

• [EIC Accelerator winners June 2023
• Ever Dye's green dyeing process
• Maki.vc investment details

4 The Technology Advancements

Ever Dye's Post-EIC Accelerator Progress and Market Impact

Since securing EIC Accelerator funding in June 2023, Ever Dye has accelerated its mission to decarbonize the textile industry through sustainable dyeing solutions. While direct confirmation of their EIC-funded project deliverables remains unspecified in public records, the company’s recent advancements highlight progress in commercialization, partnerships, and process efficiency.

Technological and Operational Advancements

• Energy-efficient dyeing: The company’s patented bio-based pigments enable room-temperature dyeing processes that consume 10x less energy compared to traditional methods. Recent collaborations demonstrate further optimization, including a 4x faster dyeing time for Adore Me’s Halloween 2024 collection.
• Scalability: Ever Dye emphasizes compatibility with existing industrial machinery, reducing adoption barriers for manufacturers.

Market Demonstrations and Partnerships

• Adore Me collaboration: In September 2024, Ever Dye launched its first commercial product line with Adore Me, utilizing proprietary dyes to create vibrant colors while cutting energy use and water consumption. This partnership validates the technology’s readiness for large-scale fashion production.
• Industry recognition: The startup continues leveraging accolades such as the ANDAM Innovation Prize (2022) and participation in Fashion for Good’s innovation program to attract global brands.

Intellectual Property and Research Outputs

While no new patents or whitepapers are explicitly cited post-EIC funding:

• Existing IP centers on bio-sourced pigments derived from vegetal waste and minerals.
• Their chemical process eliminates petrochemical dependencies while improving dye fixation speeds.

Challenges Ahead

Public disclosures lack specifics about post-funding R&D milestones or expanded patent portfolios. However, their operational growth—including plans to triple workforce size by 2025—indicates continued scaling efforts.

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Sources

• Decarbonizing the textile industry: How Ever Dye is revolutionizing dyeing processes
• Ever Dye - Products, Competitors
• Baking up deep hues
• Ever Dye funding announcement
• Deep-tech Startup Ever Dye Raises €3.4M
• EIC June 2023 winners overview

5 The Partnerships and Customers

Ever Dye, a French deep-tech startup, has been making significant strides in the sustainable textile dyeing industry. Following its successful funding through the EIC Accelerator in June 2023, Ever Dye has established notable partnerships and continues to innovate in its technology.

Partnerships and Customers

Ever Dye has partnered with several prominent companies to implement its sustainable dyeing solutions. One of its most notable partnerships is with Adore Me, a U.S.-based lingerie brand. This partnership aims to reduce carbon emissions from the dyeing process by up to 75%, leveraging Ever Dye's innovative method that combines pigment with a bio-sourced organic polymer binding agent. This technology allows for faster dyeing without the use of heat or petrochemicals, making it more environmentally friendly.

Additionally, Ever Dye has been working with Petit Bateau, a French clothing firm, which has been testing Ever Dye's sustainable dyeing solutions in its plant in Troyes, France.

New Partners and Customers

As of the latest information, Ever Dye's partnership with Adore Me is a significant new collaboration. This partnership is part of Adore Me's broader strategy to adopt sustainable practices, including working with other sustainability-focused companies like Carbonfact and Commonshare.

Nature of New Relationships

The partnerships with Adore Me and Petit Bateau are centered on integrating Ever Dye's sustainable dyeing technology into existing manufacturing processes. These collaborations not only help Ever Dye expand its customer base but also contribute to the broader goal of reducing the environmental impact of the textile industry.

Positioning and Advancements

These partnerships will position Ever Dye as a leader in sustainable textile dyeing solutions. By working with recognized brands like Adore Me and Petit Bateau, Ever Dye can scale its technology more effectively and accelerate its growth in the market. The technological advancements will continue to focus on reducing energy consumption and environmental pollution associated with traditional dyeing methods.

Ever Dye's participation in the EIC Accelerator has likely provided the necessary funding and recognition to further develop its technology and expand its reach to more customers worldwide.

Scaling and Market Impact

The EIC Accelerator funding will help Ever Dye scale its operations and invest in research and development to improve its sustainable dyeing processes. With increased resources, Ever Dye can potentially expand its partnerships and customer base, making sustainable fashion more accessible globally.

Sources

• EIC Accelerator winners and statistics June 2023: 47 European deeptech startups awarded 349€ million
• Adore Me aims for more sustainable production with new Ever Dye partnership
• Paris-based Ever Dye raises €3.4M to develop sustainable dyes for textiles

6 The Hiring and Company Growth

Ever Dye: Team Growth and Development

Ever Dye, a French sustainable textile dye startup, has been focusing on scaling and commercializing its next-generation dyeing technology since receiving significant funding. Here are key points about their team growth and hiring:

• Current Headcount and Growth: As of early 2023, Ever Dye had a team of 11 members. With their recent funding, they plan to triple their team size over the next two years, indicating substantial growth in human resources.
• Hiring and Team Size: The company is actively expanding its workforce, aiming to more than triple its current size. This expansion is crucial for scaling their sustainable dyeing processes and building partnerships within the textile industry.
• Currently Hiring: While there is no explicit statement on current job openings, their plan to triple the team suggests ongoing recruitment efforts.
• Key Positions: Ever Dye co-founders include an industrial engineer, François Palacci, and a chemist, Amira Erokh. Their expertise is crucial in developing and implementing sustainable dyeing technologies. As the company grows, they will likely focus on hiring professionals with similar technical backgrounds, possibly in engineering, chemistry, or sustainability roles.
• Impact of New Team Members: New team members will play a pivotal role in helping Ever Dye scale its operations and build more partnerships. The increased workforce will enable the company to expand its customer base, improve its technology, and enhance its market presence. This growth is essential for Ever Dye to meet the increasing demand for sustainable textiles and further reduce its environmental footprint.
• Management and Founding Team Changes: There are no reports of major changes in management or the founding team. The founders, Palacci and Erokh, continue to drive the company's vision and growth strategy.

Conclusion

Ever Dye's expansion is driven by its mission to revolutionize textile dyeing with sustainable and energy-efficient methods. By tripling its team size, the company aims to increase its market reach and technological capabilities, positioning itself as a leader in eco-friendly textile solutions.

Sources:

• Baking up deep hues, France's Ever Dye raises €3.4 million
• Deep-tech Startup Ever Dye Raises €3.4M to Scale Dyeing Process
• Ever Dye: Sustainable Textile Dye Startup Raises $3.7 Million

7 The Media Features and Publications

Ever Dye: Media Presence and Post-EIC Accelerator Activities Ever Dye, a French startup specializing in sustainable textile dyeing solutions, secured EIC Accelerator funding in June 2023 as part of the 47 deeptech companies awarded €349 million. The company focuses on reducing environmental impact through its plug-and-play dyeing technology, though specific technical details remain scarce in public records.

Media Features and Publications

While direct media coverage for Ever Dye is not extensively documented, its inclusion in the EIC Accelerator’s June 2023 winners’ list highlights its recognition by EU innovation bodies. No dedicated articles or interviews were identified outside official EIC announcements.

Podcasts and Interviews

No publicly available podcasts or interviews featuring Ever Dye’s team were found in the search results. The company does not appear to have participated in prominent industry podcasts or media discussions related to its EIC win or technology.

Conference Participation

Though Ever Dye’s conference engagements are not explicitly listed, the International Conference on Natural Dyes for Textiles (May 2025) aligns thematically with its focus on sustainable dyeing. However, participation remains unconfirmed.

Event Involvement

Public records do not detail specific events where Ever DyE presented post-funding. Its EIC award positions it as a participant in EU innovation ecosystems, though further event-based visibility lacks documentation.

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Sources

• EIC Accelerator winners and statistics June 2023
• International Conference on Natural Dyes for Textiles ICNDT