1 The EIC Accelerator Project

EIC Accelerator Program Overview

The EIC Accelerator program, part of the European Innovation Council (EIC), is designed to support small and medium-sized enterprises (SMEs), particularly those in the deep tech sector. It aims to help innovative startups and scale-ups develop and bring to market cutting-edge technologies and solutions. The program focuses on projects that demonstrate significant potential for innovation, economic growth, and societal impact, thereby enhancing Europe's competitiveness.

Funding Structure of the EIC Accelerator

The EIC Accelerator offers a unique blended finance model, which combines grant funding with equity investment. The grant component can provide up to €2.5 million to cover costs related to the development of innovative products, processes, or services. This funding is particularly crucial for early-stage companies seeking to validate their technologies and move toward commercialization without the immediate pressure of generating revenue.

In addition to grant funding, the EIC Accelerator also offers equity investments. Until 2024, companies can receive equity financing of up to €15 million, with this amount decreasing to a maximum of €10 million from 2025 onward. This equity support is strategically designed to help companies scale their operations and attract additional investments from private sectors, thereby facilitating sustainable growth.

Purpose and Impact of the EIC Accelerator

The EIC Accelerator serves multiple purposes within the European DeepTech and startup ecosystem. Primarily, it acts as a catalyst for innovation, providing financial resources and support that enable companies to de-risk their projects. By leveraging both grant and equity financing, the program facilitates the transition from research to market-ready solutions, ensuring that promising innovations do not stagnate due to a lack of funding.

Moreover, the EIC Accelerator plays a vital role in connecting startups with private investors, venture capitalists, and industry partners. By demonstrating a commitment to innovation and potential market viability, companies can attract further investment, ensuring their growth trajectory remains robust. This alignment of public funding with private sector interests helps create a vibrant ecosystem conducive to technological advancement and economic development.

Case Study: IMSystems Holding B.V. and the Archimedes Drive Project

IMSystems Holding B.V., a Dutch company, emerged as a winner of the EIC Accelerator program with their innovative project, Archimedes Drive. The proposal was submitted on June 15, 2022, during the Step 2 phase, and the company successfully progressed to Step 3, securing funding through the EIC Accelerator.

Project Overview: Archimedes Drive

The Archimedes Drive project focuses on revolutionizing the robotics industry through the development of a unique propulsion system. This innovative drive mechanism is designed to enhance the performance and efficiency of robotic systems, making them more versatile and adaptable to various applications.

Technology Basics and Background

The Archimedes Drive is inspired by the principles of Archimedes' screw, a device historically used for lifting water. By applying similar mechanical principles, IMSystems has developed a drive system that can propel robotic devices with greater efficiency and precision. The technology utilizes a combination of advanced motor control, innovative gearing systems, and materials engineering to create a lightweight yet powerful propulsion solution.

The underlying technology offers several advantages over traditional robotic drives, such as enhanced torque output, reduced energy consumption, and improved maneuverability. These features make the Archimedes Drive particularly suitable for applications in industries ranging from logistics and manufacturing to healthcare and agriculture.

With the support of the EIC Accelerator, IMSystems aims to further refine the technology, scale up production, and establish strategic partnerships that will facilitate the integration of the Archimedes Drive into various robotic platforms. The project not only aims to transform the robotics landscape but also aspires to contribute to Europe's competitiveness in the global tech arena.

In summary, the EIC Accelerator program stands as a pivotal initiative in fostering innovation and scaling deep tech companies like IMSystems Holding B.V., ultimately shaping the future of technology and industry in Europe.

2 The Funding Rounds

IMSystems Holding B.V. — Funding Overview Since EIC Accelerator Award (Netherlands)

IMSystems Holding B.V., a Dutch robotics and mechatronics company known for its innovative Archimedes Drive, has experienced notable financing activity since submitting its successful EIC Accelerator application on June 15, 2022. The following details cover all verified funding rounds, investment timing and amounts, investor information, as well as available insights into valuations and exit events.

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Financing Raised & Funding Rounds

• As of October 2022, IMSystems had raised a total of approximately $13.31 million across six funding rounds.
• The company’s most recent significant round was a Series B.

Chronology of Funding Rounds

Date	Round	Amount Raised	Investors Involved
Oct 14, 2022	Series B	$8.76M	Not publicly disclosed
Aug 11, 2021	Series A	~$3.5M (€3M)	Finindus, Linamar Corporation, InnovationQuarter
Dec 20, 2019	Seed VC - II	Not disclosed	ABB Technology Ventures (ABB), InnovationQuarter
Jun 22, 2018	Seed	Not disclosed	Lucros Group
Mar 15, 2018	Incubator/Accelerator	Not disclosed	YES!Delft (as incubator program—non-equity support)

Note: Earlier seed funding figures are not fully public; the total raised figure includes the above plus undisclosed seed and incubation amounts.

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Timing and Amounts

• Series B: Closed on October 14th, 2022 for $8.76 million.
• Series A: Announced August/November 2021 at around $3–$3.5 million (€3 million).
• Seed & Other Early Rounds: Included €600k in December 2019 from Lucros Group and InnovationQuarter; additional capital from ABB Technology Ventures in late-stage seed/early Series A transition.

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Investor Information

Key investors over these rounds have included: - Finindus

• Linamar Corporation
• InnovationQuarter
• ABB Technology Ventures (ABB)
• Lucros Group

Additionally: - TU Delft is an indirect shareholder through Delft Enterprises due to IMSystems’ spin-off status from TU Delft.

These investors reflect both strategic industry backing (Linamar: manufacturing; ABB: automation) as well as regional innovation funds supporting high-tech Dutch startups.

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Company Valuation Data

While precise post-money valuations have not been publicly released for each round:

The size of the Series B ($8.76M) indicates substantial growth expectations but no concrete valuation number is reported in accessible filings or news summaries as of April 2025.

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Exit Events

As of April 30th 2025:

• No IPOs or public listings have been announced.
• There are no records or media reports indicating buyouts or acquisitions involving IMSystems.

IMSystems remains an independent entity focused on scaling production partnerships with major industrial firms like Linamar to commercialize its core technology globally.

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Summary Table — Key Financial Events

Date	Event Type	Details
Oct 14 2022	Series B	$8.76M; investors undisclosed
Aug/Nov 2021	Series A	~$3–$3.5M (€3M); led by Finindus/Linamar/InnovationQuarter
Dec 20 2019 & prior Seed/Early investment €600k+; ABB Tech Ventures involved

No exit events such as IPOs or acquisitions recorded up to current date.

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Sources

IMSystems Stock Price, Funding & Valuation – CB Insights Robotics company IMSystems raises €3 million – TU Delft Campus IMSystems raises $3.5M Series A – The Robot Report Archimedes Drive receives ABB funding – The Robot Report

3 The Press Releases

Overview of IMSystems Holding B.V.

IMSystems Holding B.V., a Netherlands-based company, is a leading developer in innovative drive technology, particularly known for its groundbreaking Archimedes Drive. This technology represents a significant advancement in the field of robotics and automation by offering true zero backlash, which enhances precision and speed in robotic operations.

Recent Developments and Partnerships

As of June 2022, when IMSystems received the EIC Accelerator funding, the company was already gaining momentum with its innovative transmission technology. Key developments include:

• Series A Investment: In August 2021, IMSystems secured a 3 million euro Series A investment from Finindus, Linamar, and InnovationQuarter. This investment supported the commercial launch of the Archimedes Drive and established a long-term manufacturing partnership with Linamar, one of the world's largest independent gear manufacturers.
• Manufacturing Partnership with Linamar: This strategic partnership enables IMSystems to scale up for mass production. Linamar assists in the development, testing, and production of the drives, leveraging its engineering expertise from McLaren to support IMSystems.
• Commercial Production: Starting from 2022, IMSystems began commercial production of the Archimedes Drive, backed by Linamar's manufacturing commitment. This marked a significant step towards delivering high-precision robotic systems to the market.
• Technology Advancements: The Archimedes Drive technology enhances robot efficiency and precision, allowing for smoother operation and reduced energy consumption. It also provides mechanical transparency, resulting in better controllability, making it suitable for collaborative human-robot environments.
• Development Kits: To facilitate customer adoption, IMSystems offers development kits that allow potential clients to evaluate the Archimedes Drive technology firsthand.

Team and Organizational Updates

• TU Delft Connection: IMSystems is a spin-off from TU Delft, with the university holding shares through Delft Enterprises. This connection provides access to research and development resources.
• Investor Expertise: The company benefits from the diverse expertise of its investors, which include access to the entire production process from raw materials to end products.

Patents and Intellectual Property

IMSystems Holding B.V. holds patents related to its innovative gearing technology, specifically for conveying rotary motion with constant gear ratio by friction between elements.

Press Releases and Blog Posts

The company regularly updates its blog with insights into cutting-edge drive technology and the latest developments in automation. Key topics include the benefits of the Archimedes Drive, partnerships, and market trends in robotics.

Sources

• Archimedes Drive: True Zero Backlash | IMSystems
• Blog | IMSystems
• Delft robotics technology company IMSystems raises 3 million euro ...
• Imsystems Holding B.V. - IPqwery
• Delft robotics company IMSystems raises 6 million euro and announces global manufacturing partnership
• Robotics company IMSystems raises 3 million euro in equity funding

4 The Technology Advancements

IMSystems Holding B.V.: Advancements and Developments

IMSystems Holding B.V., a Dutch company, gained significant recognition for its innovative Archimedes Drive technology, which revolutionizes the field of robotic transmissions. Following the European Innovation Council (EIC) Accelerator funding in June 2022, the company has made notable advancements in technology, market integration, and strategic partnerships.

Technology Advancements

Archimedes Drive: The Archimedes Drive is a breakthrough speed reducer technology that offers true zero backlash, enhancing the precision and efficiency of industrial robots. This innovation has the potential to significantly improve robotic performance, enabling smoother operation with higher accuracy and reduced energy consumption.

Market Demonstration and Commercialization

• Commercial Launch: With the funding, IMSystems has successfully commercialized the Archimedes Drive, extending its product catalog and adapting to global market demands more rapidly.
• Partnerships and Investments: In addition to the EIC funding, IMSystems received a €3 million investment from Finindus, Linamar, and InnovationQuarter in November 2023. This investment supports the mass production of the Archimedes Drive through a long-term manufacturing partnership with Linamar, one of the world’s largest independent gear manufacturers.

Patents and Scientific Publications

There is no specific information available on new patents filed or scientific studies published by IMSystems since receiving the EIC Accelerator funding. However, the company's focus on advancing the Archimedes Drive technology suggests ongoing research and development efforts.

Demonstrations and Pilots

While specific details on customer demonstrations or pilot projects are not publicly disclosed, the commercialization of the Archimedes Drive indicates its integration into industrial settings, potentially through partnerships with leading robotics manufacturers.

In summary, IMSystems has leveraged the EIC funding to accelerate the commercialization of the Archimedes Drive, enhance its market presence, and establish strategic partnerships for mass production. These developments position the company as a leader in innovative robotic transmission technologies.

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Sources:

• IMSystems: Archimedes Drive
• Four Commonly used Industrial Robots which will be Revolutionized by the Archimedes Drive
• IMSystems Holding B.V.
• € 9 mln. for IMSystems' Archimedes Drive from EIC
• TU Delft spin-off IMSystems raises 3 million euro in equity funding

5 The Partnerships and Customers

IMSystems Holding B.V.: Partnerships and Market Positioning

IMSystems Holding B.V., a Dutch company based in Delft, has been making significant strides in the robotics industry with its innovative Archimedes Drive technology. This drive system represents a groundbreaking advancement in high-performance gearbox technology, utilizing frictional contact instead of traditional gear teeth to achieve higher efficiency and precision in robotic systems.

Partnerships and Collaborations

IMSystems has established several strategic partnerships to support its growth and technology development:

• Linamar: IMSystems has secured a global exclusive manufacturing agreement with Linamar, a leading manufacturer of high-quality parts. This partnership not only provides IMSystems with enhanced manufacturing capabilities but also supports the company's rapid commercialization efforts in the industrial robotics market.
• Finindus: As part of its Series A funding round, Finindus has invested in IMSystems, bringing expertise from the Flemish steel industry. This collaboration strengthens IMSystems' supply chain and production capabilities.
• ABB Technology Ventures: IMSystems received an investment from ABB Technology Ventures in 2019, which has contributed to the company's technological advancements and strategic positioning in the robotics industry.
• InnovationQuarter: This entity has been involved in multiple funding rounds for IMSystems, providing both financial support and strategic insights to aid in the company's growth and innovation.

New Relationships and Market Positioning

The partnerships with Linamar, Finindus, ABB, and InnovationQuarter have positioned IMSystems as a leader in innovative transmission technology for robotics. These alliances have enhanced the company's access to manufacturing expertise, materials, and industry insights, which are crucial for scaling and advancing its technology.

Technology Advancements and Scaling

The partnerships are pivotal for IMSystems' technology advancements and scaling efforts:

• Manufacturing Scale-Up: The long-term manufacturing commitment from Linamar enables IMSystems to ramp up production of the Archimedes Drive efficiently, addressing the growing demand for precise and efficient robotic systems.
• Technological Innovation: Collaborations with ABB and InnovationQuarter provide valuable technological insights and resources, helping IMSystems to continuously innovate and improve its products.
• Market Expansion: With strong backing from its partners, IMSystems is well-positioned to expand its market reach and cater to emerging trends in industrial automation and robotics.

Future Prospects

IMSystems' strategic partnerships are expected to drive further innovation and commercial success. The company's focus on precision and efficiency in robotics will likely lead to increased adoption in various automation sectors, including human-robot collaborative environments. As the robotics industry continues to evolve, IMSystems' ability to innovate and scale with the support of its partners will be crucial for maintaining its competitive edge.

Sources

• IMSystems
• Delft Robotics Company IMSystems Raises 3 Million Euro
• Archimedes Drive from IMSystems Receives Funding from ABB, IQ
• Robotics Summit - IMSystems
• TU Delft Spin-off IMSystems Raises 3 Million Euro
• Linamar Announces Global Exclusive Manufacturing Agreement
• IMSystems Raises $3.5M Series A for Archimedes Drive

6 The Hiring and Company Growth

IMSystems Holding B.V.: Growth and Development Since EIC Accelerator Funding

IMSystems Holding B.V., a Netherlands-based company, received EIC Accelerator funding on June 15, 2022. Since then, the company has been focused on developing innovative solutions, particularly with its Archimedes Drive, which offers true zero backlash, revolutionizing mechatronic applications.

Hiring and Team Growth

IMSystems is actively hiring and has a diverse team with members from around the world. The company emphasizes a collaborative environment with opportunities for growth and development, including a personal development budget to support employee knowledge expansion. Key positions in the company include roles such as mechanical R&D engineers, design engineers, and a VP of Sales.

Current Team Size and Headcount

While the exact current headcount is not publicly disclosed, the company's team includes various technical and leadership positions, indicating a structure capable of supporting innovative engineering projects.

Recent Hires and Impact

Recent hires likely focus on roles that support the development and implementation of the Archimedes Drive and other mechatronic solutions. These new team members play a crucial role in scaling and growing the company by contributing to its technological advancements and market expansion.

Growth and Scaling

Since receiving the EIC funding, IMSystems has positioned itself at the forefront of automation technology, with the Archimedes Drive being a key component of its growth strategy. The company's innovative approach and partnerships with engineers suggest significant potential for expansion in the mechatronics sector.

Management and Founding Team

The founding team includes Jack Schorsch (Founder & CEO), Thibaud Verschoor (Co-Founder & Head of Product), Matthew Corvers (Co-Founder & Head of Production), and Rory Deen (Co-Founder & CFO). Alfons Schure serves as the CTO, overseeing technological developments. There are no reported major changes in the founding team or management since the EIC Accelerator funding.

Future Prospects

The addition of new team members and the continued development of the Archimedes Drive suggest that IMSystems is well-positioned for future growth. The company's focus on collaborative innovation and employee development supports its mission to shape the future of mechatronics.

Sources: - IMSystems: Industrial Robots Revolutionized by the Archimedes Drive

• IMSystems Careers
• IMSystems: True Zero Backlash

7 The Media Features and Publications

IMSystems Holding B.V.: Media Presence and Public Engagement Post-EIC Accelerator Funding

IMSystems Holding B.V., a Dutch motion control technology company, gained recognition for its Archimedes Drive, a zero-backlash speed reducer designed for robotics and automation. While specific details about its EIC Accelerator win in June 2022 are not publicly disclosed in available sources, the company’s media footprint includes:

• Media Coverage:
• The Robot Report highlighted IMSystems’ $3.5M Series A funding round in August 2021, emphasizing the commercial launch of the Archimedes Drive and partnerships with manufacturing leaders like Linamar.
• Company materials describe the drive’s technical advantages, including friction-based torque transmission and single-stage compound planetary mechanics.
• Podcasts/Interviews: No verifiable podcasts or interviews featuring IMSystems’ leadership were identified in available sources.
• Conferences/Fairs:
• While direct mentions of post-2022 events are absent, IMSystems actively targets robotics and industrial automation sectors—common participants at events like AUTOMATE or Hannover Messe (though no specific attendance is confirmed).
• The company emphasizes collaboration with industry partners such as ABB and Finindus, suggesting potential involvement in associated industry forums.
• Event Involvement: Publicly visible event participation remains undocumented post-EIC funding. However, their focus on scaling production via Linamar implies engagement within manufacturing expos or partner-led showcases.

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Sources
The Robot Report: IMSystems raises $3.5M Series A
IMSystems Technology Page