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 in the European Union. This initiative is tailored for high-risk, high-potential businesses working on breakthrough technologies and solutions, particularly in the DeepTech sector. The program focuses on fostering innovation and scaling up companies that have the potential to lead in their respective markets.
Funding Structure
The EIC Accelerator provides a unique funding structure known as blended finance, which combines grants and equity investments. This dual approach allows companies to receive substantial financial support while minimizing their risk exposure.
- Grant Funding: Companies can secure grants of up to €2.5 million. These grants are aimed at financing the development of innovative products, processes, or services that are close to market introduction. The funding can cover activities such as prototyping, testing, and scaling production.
- Equity Investment: In addition to grant funding, the EIC Accelerator offers equity investments of up to €15 million until 2024. From 2025, this cap will be reduced to €10 million. This equity component is designed to support companies in their growth phases, enabling them to scale operations, enter new markets, or enhance their technological capabilities.
Purpose of the EIC Accelerator
The primary mission of the EIC Accelerator is to bridge the gap between innovation and commercialization. It aims to equip companies in the DeepTech and startup ecosystem with the necessary tools and funding to scale effectively. By providing a robust financial foundation, the program encourages private sector investment, which is crucial for the long-term sustainability of high-potential innovations. The EIC Accelerator also enhances Europe’s competitiveness in the global market by fostering cutting-edge technologies and solutions.
Role in Scaling Companies
The EIC Accelerator plays a pivotal role in helping companies transition from innovative ideas to market-ready solutions. It facilitates access to additional funding from private investors by validating the business model and technology through its rigorous selection process. This validation can significantly enhance the attractiveness of companies to potential investors, thereby accelerating their growth trajectory. Furthermore, the EIC Accelerator provides mentoring and business development support, allowing entrepreneurs to refine their strategies and improve their market positioning.
Case Study: MIWA Technologies, a.s.
Company Overview
MIWA Technologies, a.s., based in Czechia, emerged as a notable winner of the EIC Accelerator for its innovative project, MIWA - SMART REUSABLE PACKAGING. The company submitted its Step 2 proposal on October 6, 2021, and subsequently excelled in the Step 3 interview, securing vital funding.
Project Description
The MIWA project focuses on developing a smart reusable packaging system designed to address the growing concerns over single-use plastics and packaging waste. The MIWA solution aims to create a circular economy framework within the packaging industry by promoting the reuse of containers and significantly reducing environmental impact.
Technology Basics and Background
The MIWA system utilizes advanced technology to create a network of reusable packaging units that can be used across various distribution channels, including retail and online shopping. The key components of the MIWA technology involve:
In conclusion, the EIC Accelerator program serves as a vital component in Europe's innovation landscape, providing essential funding and support to high-impact startups like MIWA Technologies. Through its blended finance model, the program not only enables the development of innovative solutions but also enhances the overall competitiveness of the European market in the global arena. MIWA’s commitment to sustainable packaging exemplifies the potential of the EIC Accelerator to drive meaningful change in the industry. For more information, visit miwa.eu.
2 The Funding Rounds
Financing Raised by MIWA Technologies, a.s. Since EIC Accelerator Funding
EIC Accelerator Funding (October 2021 Cut-Off)
MIWA Technologies, based in Czechia, secured substantial financing after submitting its successful Step 2 proposal to the EIC Accelerator on October 6, 2021. The company received both grant and equity investment as part of the blended funding mechanism:
- In October 2021, MIWA was awarded a €2.5 million subsidy (grant) from the European Innovation Council to support further product development and scaling efforts.
- In February 2023, MIWA secured an additional €2.7 million equity investment from the Luxembourg-based EIC Fund.
This combined funding exceeds €5 million and is specifically targeted at completing new features for their smart reusable packaging system and expanding installation in supermarkets across Europe.
Funding Rounds Overview
Funding Timeline and Amounts
| Date | Round/Source | Amount (€) | Type | Key Investors/Funding Body |
|---|---|---|---|---|
| Sep 2019 | Angel/Seed | 120k | Equity | Petr Vitek, Tilia Impact Ventures |
| Oct 2020 | Unspecified | ~1M | Unknown | Not specified |
| Oct 2021 | EIC Grant | 2.5M | Grant | European Innovation Council |
| Feb 2023 | Equity Investment | 2.7M | Equity | Luxembourg EIC Fund |
</em>Details of investor(s) in this round are not public.
Total disclosed funding as of early-2023: approximately €6.3 million.
Investor Information
- EIC Fund (Luxembourg): Lead investor in the latest equity round (February 2023).
- European Innovation Council: Provided primary grant support via the prestigious EIC Accelerator program.
- Angel/Early Stage Investors: Early support came from individuals such as Petr Vitek and entities like Tilia Impact Ventures for initial development phases prior to receiving EU backing.
The company’s fundraising strategy involves “blended finance”: combining non-dilutive grants with direct equity investments—making it notable as one of few startups in reusable food packaging to achieve this under EU programs.
As of March–April 2023:
- MIWA opened an additional private investment round targeting €7 million total; about €2.8 million (~40%) had been confirmed at launch thanks to prior commitments by the EIC Fund.
- The remaining sum was open for private investors aiming to finance commercial expansion into new markets across Europe through serial production scale-up.
Company Valuation
Specific post-money valuation figures have not been publicly disclosed through available sources as of April–May 2024 or early April–May 2025 updates; however:
No explicit data confirming overall company valuation is present within cited sources.
Exit Events: IPOs or Acquisitions
There is no record or announcement regarding: - Initial Public Offering (IPO)
- Mergers
- Buyouts
- Acquisitions involving MIWA Technologies up until April 23, 2025.
All recent activities focus on growth financing rather than exit events.
Summary Table: Key Funding Events Since October 6, 2021
| Event | Date |
|---|---|
| Won EIC Accelerator | Oct 6, 2021 |
| Received grant (€2.5M) Oct 21 | |
| First major supermarket installation Dec 21 | |
| Secured equity (€2.7M) Feb 23 |
</em>Date refers to cut-off submission that led to selection; funds disbursed subsequently.
Additional Notes
MIWA has leveraged its success with institutional European funding bodies—including both grants and direct investments—to accelerate deployment across major supermarkets such as Aldi (UK), Albert Heijn (Netherlands), chains in Czechia & Portugal—and aims for further pan-European expansion backed by ongoing private fundraising rounds starting spring/summer of 2030s decade [exact years depend on campaign timing due each round’s close window].No exits have occurred so far; all activity centers on scaling operations using raised capital.
Sources
- Prague-based Miwa Technologies receives over €5M from EU
- Miwa Technologies receives EU funding to continue scaling up its smart reusable packaging system
- MIWA company information – Dealroom Portugal
- MIWA company information – Dealroom Western Europe
- Grants – Official Miwa site
- Miwa Homepage
3 The Press Releases
MIWA Technologies: Sustainable Innovations and Partnerships
MIWA Technologies, a Czech company, received significant funding through the European Innovation Council (EIC) Accelerator in October 2021. This support has enabled the company to further its mission of reducing packaging waste through innovative reusable packaging solutions.
Technology and Innovations
MIWA Technologies has developed a modular, IoT-based system that allows consumers to shop using reusable containers, eliminating the need for single-use plastics throughout the supply chain. This system includes smart-powered, reusable capsules that brands fill with products. These capsules are then inserted into modular shelves with electronic dispensers in retail stores, enabling customers to use their own containers or system-connected cups to receive products. When the capsules are empty, they are collected, cleaned, and returned to brands to restart the cycle.
Partnerships
Since securing the EIC funding, MIWA has strengthened its partnerships and expanded its reach across Europe. Notable collaborations include:
- Aptar Closures: MIWA partnered with Aptar Closures to develop sustainable packaging solutions. This partnership enables Aptar to transition towards reusable packaging, aligning with sustainability goals and improving packaging efficiencies.
- REWE: MIWA launched its technology in several REWE stores across Germany, aiming to reduce packaging waste by dispensing dry foods into reusable containers.
- dm (drogerie markt): MIWA collaborated with dm to introduce refill stations in Germany, promoting sustainable shopping practices.
Funding and Expansion
In addition to the EIC Accelerator funding, MIWA received further financial support, including €2.5M in subsidies and a €2.7M investment from the Luxembourg EIC Fund. This funding has facilitated the expansion of MIWA's operations and the installation of new systems in supermarkets across Europe.
Press Releases and Updates
MIWA regularly updates its website with news on partnerships and innovations. Recent updates include its participation in events like the Supermarket Trade Show in Japan and the Crufts event in the UK. The company also expressed its support for the EU's Waste Framework Directive, emphasizing its commitment to reducing unnecessary waste.
Team and Company Updates
While specific team updates are not detailed in recent press releases, MIWA Technologies continues to be led by Petr Báča, its founder and CEO, who has been instrumental in shaping the company's vision towards sustainable packaging solutions.
Sources: - MIWA: Homepage
- Miwa Technologies dispenses dry foods into reusable, returnable containers at REWE stores
- Miwa Technologies: Reducing food waste and packaging with smart refill vending system
- Aptar Announces Partnership with MIWA Technologies
- News | MIWA
- Miwa Technologies receives over €5M from the EU
4 The Technology Advancements
Current Capabilities of MIWA Technologies
MIWA Technologies, based in Czechia, has developed a technology-based reusable and refill packaging system designed to reduce packaging waste significantly. This system utilizes smart, IoT-enabled capsules and electronic dispensers, allowing customers to purchase products in reusable containers, thereby eliminating the need for single-use plastics throughout the supply chain. The company's solution has been implemented in several European supermarkets, including Aldi in the UK, Albert Heijn in the Netherlands, and various locations in Czechia and Portugal.
Advancements Since EIC Accelerator Funding
Since receiving funding from the European Innovation Council (EIC) Accelerator, MIWA Technologies has continued to expand and improve its technology. In 2022, the company received a €2.5 million subsidy to enhance its system with new features. This was followed by a €2.7 million investment from the Luxembourg EIC Fund in 2023, aimed at supporting further expansion across Europe.
The company has also set ambitious targets for growth, aiming to install its system in over a hundred stores by the end of 2023. As of March 2023, approximately fifty locations, mainly in the German-speaking region, had been confirmed for installation.
Technological Improvements and Market Demonstrations
MIWA's technology enhances the management of reusable packaging pools, enabling efficient tracking and inventory management. This is crucial for maintaining high standards of hygiene and quality control, especially for large brands. The system allows customers to purchase exact refill quantities using reusable containers, significantly reducing packaging waste.
The company has successfully demonstrated its technology in the market through partnerships with major retailers. For instance, its capsules are used by Nestlé in Switzerland for products like Purina pet food and Nescafé. Additionally, MIWA has expanded its presence into new markets, including the UK and Netherlands.
New Patents, Studies, or Publications
There is no specific information available on new patents filed or scientific studies published by MIWA Technologies since receiving the EIC Accelerator funding. However, the company's technology has been recognized for its environmental benefits, with a life cycle analysis showing a 71% lower overall environmental impact compared to single-use packaging.
Conclusion
MIWA Technologies continues to innovate and expand its reusable packaging solutions across Europe, leveraging funding from the EIC Accelerator to enhance its technology and market presence. The company's focus on sustainability aligns with emerging regulatory requirements and consumer preferences, positioning it for continued growth in the sector.
Sources: - MIWA lands €2.7M from EIC Accelerator to expand reusable tech for supermarkets
- MIWA: Homepage
- Prague-based Miwa Technologies receives over €5M from the EU
- Miwa Technologies receives EU funding to continue scaling up its smart reusable packaging system
- Czech startup wants to eliminate single-use packaging with its smart cups
- MIWA Technologies: Reducing food waste and packaging with smart refill vending system
- About Us - MIWA Technologies
- MIWA reusable packaging - Solar Impulse Efficient Solution
5 The Partnerships and Customers
Overview of MIWA Technologies
MIWA Technologies, a Czech Republic-based company, has been at the forefront of developing innovative solutions to reduce packaging waste through reusable and refillable systems. Since receiving funding from the EIC Accelerator in October 2021, MIWA Technologies has continued to expand its partnerships and customer base, significantly enhancing its market presence and technological advancements.
Partnerships and Customers
- Aptar Closures: MIWA has partnered with Aptar Closures, a global leader in dispensing solutions, to integrate MIWA's smart-powered, reusable capsules into retail stores. This collaboration aims to reduce single-use packaging by providing consumers with a refillable shopping experience.
- Mars: In 2023, MIWA began a pilot with Mars for pet food products, marking an important partnership with a global giant in the consumer goods sector.
- REWE and Albert Heijn: MIWA expanded its presence in Germany and the Netherlands by partnering with REWE and Albert Heijn, respectively, introducing its sustainable packaging solutions to more retail stores.
- Dos Mundos Roastery and Fair & Bio pražírna: MIWA also partnered with these companies to deliver coffee in reusable packaging, further diversifying its product offerings.
New Partnerships
Nature of New Relationships
These partnerships and customer associations are designed to position MIWA Technologies as a leader in sustainable retail and reusable packaging. The collaborations enable MIWA to scale its technology and expand its market reach, particularly in the FMCG (Fast-Moving Consumer Goods) sector.
Purpose and Positioning
The partnerships aim to enhance MIWA's ability to provide seamless, sustainable shopping experiences while supporting brands in reducing their environmental impact. By integrating smart solutions into retail environments, MIWA helps retailers optimize supply chains and automate bulk aisle management, offering consumers personalized shopping experiences through the use of reusable containers and smart cups.
Technology Advancements and Scaling
The funding from the EIC Accelerator has been crucial for MIWA to advance its technology and expand its operations. The company has developed a smart reusable B2B system that allows customers to purchase exact quantities in personalized containers, significantly reducing packaging waste throughout the supply chain. MIWA's focus on sustainable solutions and its partnerships with major brands like Mars and Aptar Closures are set to propel its growth and technological development in the sustainable packaging sector.
Sources: - Aptar Announces Partnership with MIWA Technologies
- About Us - MIWA Technologies
- Customers - MIWA Technologies
- SEALSQ Partners with MIWA Lock to Secure Japan’s First "Matter"-Compatible Smart Lock
- Aavgo and MIWA Revolutionize Hospitality
- A year in review: pioneering the future of sustainable retail and reusable packaging in 2023
- Miwa lands €2.7M from EIC Accelerator to expand reusable tech for supermarkets
- MIWA Technologies: Reducing food waste and packaging with smart refill vending systems
- SEALSQ partners with MIWA Lock to secure Japan’s first "Matter"-compatible smart lock
6 The Hiring and Company Growth
MIWA Technologies Overview
MIWA Technologies, based in Prague, Czechia, is a prominent player in innovative packaging solutions. The company has been at the forefront of reducing packaging waste through its reusable packaging technology. Since receiving the EIC Accelerator funding in October 2021, MIWA has experienced significant growth and development.
Hiring and Team Growth
While specific details on the current headcount or team size are not available, MIWA Technologies has been expanding its operations across Europe. The company's growth is reflected in its increasing presence in various markets, such as Germany and the Netherlands, and its partnerships with major retailers like Aldi in the UK and Albert Heijn in the Netherlands.
As of March 2023, MIWA aimed to have installations in a hundred stores across Europe, indicating a substantial expansion of its operations and potentially its team. The company is also opening an investment round to support further growth, suggesting that it may be hiring to scale its operations effectively.
Recent Hiring and Key Positions
There is no specific information available on key positions recently hired by MIWA Technologies. However, the company's focus on technology and innovation suggests that it may be recruiting talent in areas such as software development, operations management, and sales to support its expansion plans.
Impact of New Team Members
New team members will play a crucial role in helping MIWA Technologies scale its operations and further develop its sustainable packaging solutions. As the company expands its installations across Europe, additional personnel will be essential for managing new markets, implementing technology, and ensuring the smooth operation of its reusable packaging systems.
Management and Founding Team
The management team includes Petr Báča as CEO & Founder, Mirek Lizec as Executive Director, Ivana Sobolíková as CFO & Impact, Mirek Pavelka as Chief Operations Officer, and Václav Čapek as Chief Technology Officer. There have been no reported major changes in the founding team or management since the EIC Accelerator funding.
Growth and Funding
MIWA Technologies received over €5 million from the EU through the EIC Accelerator programme, including a subsidy of €2.5 million in 2022 and an investment of €2.7 million from the Luxembourg EIC Fund. This funding has been instrumental in supporting the company's expansion and technology development.
Future Prospects
With its innovative approach to packaging and significant financial backing, MIWA Technologies is well-positioned for future growth. The company's focus on sustainability aligns with global trends toward reducing waste, making it an attractive option for retailers and consumers alike. As it continues to expand its operations and develop new technologies, MIWA Technologies is likely to remain a leader in the reusable packaging sector.
Sources: - About Us - MIWA Technologies
7 The Media Features and Publications
MIWA Technologies, a.s.: EIC Accelerator Winner from Czechia
MIWA Technologies, a Czech startup, gained recognition for its innovative approach to reducing packaging waste through its modular, IoT-based refill systems. Here's an overview of the company's media features, publications, interviews, and event participations since receiving the EIC Accelerator funding in October 2021.
Media Features and Publications
MIWA Technologies has been featured in several publications for its pioneering work in sustainable packaging solutions. For instance, Packaging Europe highlighted its collaboration with REWE, a German retail chain, to dispense dry foods into reusable and returnable containers. Additionally, Compass List noted MIWA's efforts in eradicating single-use plastics by allowing consumers to buy exact refill quantities in personalized containers. Packaging Strategies covered its partnership with Aptar Food + Beverage to develop in-store reusable and refillable dispensers.
Podcasts and Interviews
There are no specific podcasts or interviews featuring the team of MIWA Technologies directly. However, the company's CEO and founder, Petr Báča, has been quoted in various publications discussing the company's mission and innovative solutions.
Conference and Fair Visits
MIWA Technologies participated in the Supermarket Trade Show (SMTS) in Japan in February 2024, showcasing its modular system alongside ISHIDA's retail solutions. Additionally, the company has expanded into France and Germany, with plans to further internationalize its operations.
Event Involvement
MIWA Technologies has been actively involved in promoting sustainable retail practices. In 2019, it launched its smart vending system in Prague after completing an acceleration program with the Ellen MacArthur Foundation. The company's solutions have been recognized for reducing food waste and packaging, aligning with EU goals to ban single-use plastics by 2030.
Conclusion
Since winning the EIC Accelerator funding, MIWA Technologies has continued to innovate and expand its reach, emphasizing sustainable packaging solutions across Europe and beyond. The company's commitment to reducing waste and promoting circular economy practices has positioned it as a leader in the sustainable retail sector.
Sources
- MIWA Technologies dispenses dry foods into reusable, returnable containers at REWE stores
- MIWA Technologies
- MIWA Technologies: Reducing food waste and packaging with smart refill vending system
- Aptar Food + Beverage Partners with MIWA Technologies on Reusable In-Store Dispensers
- News | MIWA
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