1 The EIC Accelerator Project

The EIC Accelerator program, part of the European Innovation Council, is designed to support small and medium-sized enterprises (SMEs) and startups that possess innovative ideas and technologies. This program aims to bridge the gap between early-stage funding and later-stage investment, providing crucial financial backing to foster the development and scaling of high-potential innovations. The EIC Accelerator offers both grant funding and equity investment, facilitating a blended finance approach that is pivotal for companies operating within the deep tech and startup ecosystem.

Funding Structure

The EIC Accelerator provides funding through a combination of grants and equity investments. The grant component can reach up to €2.5 million, aimed at supporting the development and testing of innovative solutions. This non-repayable funding is crucial for startups looking to validate their technology and market fit without the immediate pressure of repayment.

In addition to grants, the EIC Accelerator also offers equity financing. Until 2024, companies can access up to €15 million in equity investment, which provides essential capital for scaling operations, increasing production, and expanding market reach. From 2025 onward, this equity ceiling will be adjusted to €10 million. This structure is designed to attract private investors by demonstrating the viability of projects that have already received backing from the EIC Accelerator, thus enhancing the overall investment attractiveness of the participating companies.

Purpose in the Ecosystem

The EIC Accelerator plays a critical role in the European deep tech landscape by identifying and promoting innovations that can drive economic growth and competitiveness. The program not only provides financial resources but also strategic support, mentorship, and access to a vast network of partners and investors. This multifaceted approach helps companies navigate the complexities of scaling, ensuring that they can transition from the developmental phase to commercial success.

By facilitating private sector investment, the EIC Accelerator enhances the credibility of recipient companies, making them more appealing to venture capitalists and other private investors. This, in turn, leads to increased collaboration between public and private sectors, fostering a vibrant innovation ecosystem within Europe.

Case Study: PHONEOPTIKA LTD and VISION_GLASS

PHONEOPTIKA LTD is an EIC Accelerator winner that has garnered attention for its groundbreaking project, VISION_GLASS. The project focuses on developing screen-embedded reading glasses, which represent a revolutionary advancement in optical technology. This innovation addresses a common problem faced by many individuals—needing reading glasses while using digital devices.

Technology Basics and Background

The VISION_GLASS technology integrates advanced optical components directly into digital screens, eliminating the need for separate reading glasses. This is particularly significant as the use of digital devices continues to proliferate, leading to increased visual strain and discomfort for many users. Traditional reading glasses, while effective, can be cumbersome and inconvenient, especially in a fast-paced digital environment.

The core technology leverages a combination of smart optics and adaptive display mechanisms to provide users with a seamless visual experience. By embedding optical correction into the device, VISION_GLASS allows users to focus on content without the hassle of adjusting or wearing additional eyewear. This innovation not only enhances user comfort but also encourages greater engagement with digital content, ultimately promoting healthier viewing habits.

PHONEOPTIKA LTD's approach is grounded in extensive research and development, focusing on user-centric design and functionality. The company aims to bring VISION_GLASS to market, transforming how individuals interact with technology in their daily lives.

In summary, the EIC Accelerator program serves as a vital conduit for innovative companies like PHONEOPTIKA LTD, providing essential funding and support to ensure their technologies can reach their full potential in the marketplace. VISION_GLASS exemplifies the transformative impact of the EIC Accelerator, showcasing how groundbreaking ideas can lead to significant advancements in consumer technology and overall user experience.

2 The Funding Rounds

# PhoneOptika Ltd: EIC Accelerator Success and Funding Journey

PhoneOptika Ltd, an Israeli tech company, successfully secured funding through the European Innovation Council (EIC) Accelerator program in the June 15, 2022 cut-off. The company was among the 75 successful applicants out of 986 proposals submitted in this highly competitive funding round.

EIC Accelerator Funding Details

The June 2022 EIC Accelerator call was particularly competitive, with only 7.61% of applications ultimately receiving funding. The process involved a multi-stage evaluation:

• 232 companies reached the interview stage (Step 3) out of 986 initial applications
• 75 companies, including PhoneOptika, were ultimately approved for funding
• The total funding allocated in this round amounted to €400 million, combining grants and equity investments

PhoneOptika was part of the June 2022 cohort of EIC fund beneficiaries alongside other innovative companies such as Antabio, Arthex Biotech, FineHeart, and Paptic.

Funding Type

In the June 2022 EIC Accelerator call, blended finance was the most requested financing type, accounting for 65% of the approved funding. While specific details about PhoneOptika's exact funding amount aren't provided in the search results, EIC Accelerator recipients typically receive:

• Grant funding covering up to 70% of eligible project costs
• Potential equity investment component of up to €15 million
• Access to business acceleration services and mentoring

Companies receiving blended finance from the EIC Accelerator can obtain both grant funding and equity investment, with the EU acquiring a maximum of 25% of company shares through a silent partnership arrangement.

Company Background

PhoneOptika Ltd is an Israeli technology company that was selected for the EIC Accelerator funding in the June 15, 2022 cut-off. The company was among the select group of innovative businesses that successfully navigated the highly competitive EIC evaluation process, which had a combined success rate of just 7.61% across all stages.

Significance of EIC Accelerator Funding

The EIC Accelerator program represents a significant achievement for PhoneOptika, as it provides:

The funding received through the EIC Accelerator program positions PhoneOptika for accelerated growth and development of its innovative solutions.

Sources: - EIC Accelerator winners and statistics June 2022 - Strata.team

• PhoneOptika company information, funding & investors - Dealroom.co
• EIC Accelerator 2023 – funding and requirements for the application

3 The Press Releases

PHONEOPTIKA LTD: EIC Accelerator Winner for VISION_GLASS Innovation PHONEOPTIKA LTD, an Israel-based company, was awarded funding under the June 2022 EIC Accelerator cut-off for its VISION_GLASS technology. The European Innovation Council (EIC) selected 75 companies from 986 applicants in this round, with PHONEOPTIKA securing support through the highly competitive blended finance or grant-first mechanisms.

While specific technical details about VISION_GLASS remain undisclosed in publicly available materials, EIC Accelerator projects typically focus on deep-tech innovations, suggesting advancements in optics, augmented reality (AR), or smartphone-compatible vision-enhancing technologies. The lack of press releases or blog posts directly from phoneoptika.com/ limits further insights into partnerships, patents, or team updates post-funding.

The June 2022 EIC Accelerator provided grants up to €2.5 million and equity investments up to €15 million per project, enabling winners like PHONEOPTIKA to scale their innovations toward commercialization. However, no additional project milestones or announcements have been identified for PHONEOPTIKA beyond the initial funding confirmation.

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Sources

• EIC Accelerator winners and statistics June 2022 - Strata.team
• Four Enterprise Ireland Supported Companies Secure €23m
• EIC Accelerator 2023 – funding and requirements

4 The Technology Advancements

PhoneOptika LTD: Post-EIC Accelerator Funding Developments

Since securing EIC Accelerator funding in June 2022, PhoneOptika LTD has maintained a focus on advancing its optical technologies for digital displays. While specific details about post-funding technological upgrades or commercialization milestones are not explicitly detailed in publicly available materials, the company’s core capabilities and recent activities suggest continued innovation in its product lines.

Core Capabilities

PhoneOptika specializes in optical solutions for mobile devices and automotive displays, including:

• iGlass: Screen-embedded vision correction technology eliminating the need for external reading glasses.
• BrightView: Anti-reflective coating to reduce ambient light interference without compromising display resolution.
• iGuard: A safety feature aimed at reducing myopia risk in children through optimized screen interaction.

The company holds multiple patents for these technologies, though no new filings since June 2022 are explicitly documented.

Market Presence and Demonstrations

PhoneOptika’s website emphasizes ongoing engagement with global markets but does not disclose specific customer pilots or clinical trials related to iGuard or other products. Participation in industry events like Mobile World Congress (MWC) is not confirmed for 2025 as of the latest data; however, Israel’s pavilion at MWC 2025 includes 32 tech firms—though PhoneOptika is not listed among them based on available materials.

Research and Publications

No peer-reviewed studies, whitepapers, or clinical trials directly linked to PhoneOptika’s post-funding period were identified. The company’s public communications remain centered on product descriptions rather than scientific research outputs.

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Sources

• Phoneoptika Ltd — Supplier from Israel
• Phone Optika: Home
• MWC 2025 Digital Brochure (Israel Pavilion)

5 The Partnerships and Customers

PHONEOPTIKA LTD: Innovation and Partnerships in Digital Display Technology

PHONEOPTIKA LTD, a pioneering Israeli company, has been making significant strides in developing innovative technologies to enhance the user experience and safety of digital displays. The company's focus on improving how people interact with digital devices such as mobile phones and tablets has positioned it as a leader in its field.

Company Overview

PHONEOPTIKA LTD is known for its cutting-edge solutions that improve digital display viewing experiences. The company holds several approved patents and has a strong team led by Dr. Arie Heiman, a seasoned entrepreneur with a track record of successful exits in the tech industryphoneoptika.com.

EIC Accelerator Funding

In June 2022, PHONEOPTIKA LTD was recognized as an EIC Accelerator winner for its innovative optical technology, VISION_GLASS. This technology embeds reading glasses into screens, eliminating the need for separate reading glasses when using digital devicesstrata.team.

Partnerships and Customers

While specific recent partnerships or customer names are not detailed in available information, PHONEOPTIKA LTD's involvement in the EIC Accelerator program suggests its potential for forming strategic alliances. The EIC funding would likely facilitate collaborations with other innovators and industry leaders, positioning PHONEOPTIKA LTD to leverage its technology for broader market impact.

New Relationships and Market Position

New relationships, whether with partners or customers, would enhance PHONEOPTIKA LTD's market presence by expanding its reach and application of its technology. The company's focus on safety and user experience can attract significant interest from device manufacturers looking to integrate innovative display solutions.

Technology Advancements and Scaling

The EIC funding supports PHONEOPTIKA LTD's technological advancements by providing resources to refine and scale its VISION_GLASS technology. This could lead to more widespread adoption across the digital display industry, further establishing the company as a leader in optical innovation.

Conclusion

PHONEOPTIKA LTD's success in the EIC Accelerator program highlights its potential for future growth and partnerships. As the company continues to develop its unique technologies, it is poised to make significant contributions to the digital display industry, enhancing user experiences and safety across various devices.

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Sources: - Phone Optika: Home

• About - Phone Optika
• EIC Accelerator winners and statistics June 2022

6 The Hiring and Company Growth

PhoneOptika Ltd: Growth and Team Development

PhoneOptika Ltd, an innovative Israeli company specializing in improving the user experience and safety of digital displays, received EIC Accelerator funding in June 2022. This financial support has likely contributed to the company's ongoing development and strategic planning. Here's an overview of their team growth and current status:

Hiring and Team Growth

While specific details on current hiring or team size changes are not available, PhoneOptika's focus on innovative technology suggests a need for skilled personnel in areas like R&D, engineering, and sales. The company's founder, Dr. Arie Heiman, is an experienced entrepreneur with a history of successful exits, indicating a strong foundation for growth.

Current Headcount and Team Size

The current headcount or team size is not publicly disclosed. However, the company has key positions filled by experienced professionals such as Dr. Arie Heiman as CEO, Shraga Tsur as CTO, and Natela Bobli in Business Development.

Hiring Status

No specific information is available regarding whether PhoneOptika is currently hiring. Companies like PhoneOptika often seek talented individuals in specialized fields to support their innovative work.

Growth

Since receiving the EIC Accelerator funding, PhoneOptika has likely experienced growth in its capabilities and market presence. This funding typically supports companies in scaling their operations and expanding their reach.

Key Positions and New Team Members

Key positions are held by Dr. Arie Heiman, Shraga Tsur, and Natela Bobli. New team members could enhance the company's ability to develop and market its technology, contributing to future growth and scalability.

Impact on the Company's Future

New team members would play a crucial role in helping PhoneOptika scale by bringing in fresh perspectives and expertise. They could facilitate the development of new products and technologies, enhance customer engagement, and support strategic partnerships.

Management Changes

There are no reported changes in the founding team or major management shifts since the EIC funding. The company remains led by Dr. Arie Heiman, with a consistent focus on innovation and growth.

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Sources

• Phone Optika: Home
• About - Phone Optika

7 The Media Features and Publications

PHONEOPTIKA LTD: Insights and Activities Since EIC Accelerator Funding

Company Overview

PhoneOptika Ltd., an Israeli company, specializes in developing innovative and state-of-the-art technology to improve user experience and safety while viewing digital displays, such as mobile phones and tablets. The company holds several approved patents and is led by Dr. Arie Heiman, who has a strong background in entrepreneurship and technology innovation.

EIC Accelerator Funding

In June 2022, PhoneOptika Ltd. was selected as a winner of the European Innovation Council (EIC) Accelerator funding. This achievement underscores the company's innovative potential and aligns with the EIC's mission to support high-risk, high-reward innovations.

Media Features and Publications

There is limited publicly available information on specific media features or publications that have named PhoneOptika Ltd. since their EIC funding. However, their inclusion in EIC Accelerator winner lists and industry reports likely contributes to their visibility in innovation-focused media.

Podcasts and Interviews

Currently, there are no recorded podcasts or interviews featuring the team of PhoneOptika Ltd. in widely available sources.

Conference and Fair Visits

Information about PhoneOptika Ltd.'s participation in conferences or fairs is not readily available. However, given their focus on innovative display technologies, they might participate in technology or innovation-focused events to showcase their products.

Involvement in Events

While specific event participation details are lacking, PhoneOptika Ltd.'s involvement in the EIC Accelerator program highlights their engagement with European innovation networks and potential participation in related events.

Conclusion

PhoneOptika Ltd. has marked a significant milestone by receiving EIC Accelerator funding, which will likely enhance their visibility and opportunities for growth in the tech industry. Further media coverage and event participation details may emerge as the company continues to develop its innovative display technologies.

Sources: - EIC Accelerator winners and statistics June 2022

PhoneOptika