1. Eindhoven breakthrough: €50 million for walking revolution paraplegic patients
Eindhoven-based Onward Medical has raised €50 million for their groundbreaking spinal cord stimulator. Germany’s Ottobock, a leader in orthopedic technology, is investing and acquiring 10% shares. The stimulator, which aims to restore movement to spinal cord patients, is about to enter the US market. This capital will stimulate research over the next two years. With fewer than 12 employees in Eindhoven and a core operation in Lausanne, former G&A winner Onward Medical demonstrates the global ambition of Dutch medtech innovation.
2. The Ministry of Defense invests €100 million to increase the innovation power of Dutch startups
The Ministry of Defense is creating a €100 million investment fund, the SecFund, to provide financing to Dutch startups, scale-ups, and innovative SMEs that meet Defense’s innovation needs. The fund will invest up to a maximum of €5 million per company.
Thus, the Ministry of Defense, the provinces, the Ministry of Economic Affairs, regional development companies, and industry are joining forces to promote national security, innovative strength, and economic growth.
3. €1.5 million for the company that measures antennas that couldn’t be measured before
Measuring antennas is a prolonged and outdated process. The goal is to characterize them with the speed and precision with which chips are described. In fact, the market must move in that direction because in 5G/6G systems, the antennas and chips are integrated, so there is no other way. Both chips and antennas must be measured at once, quickly and accurately.
ANTENNEX is active in the test and measurement market for radio frequency (RF) systems. Currently, they are focusing on next-generation devices. This includes applications that have not yet been widely deployed, for example, wireless data centers or VR and AR. ANTENNEX won a Gerard & Anton Award in 2023 and a LEVEL UP Award this year, with the grand prize being a trip to CES Las Vegas and Silicon Valley.
4. Iron fuel startup RIFT secures €11 million
RIFT, a pioneering Dutch company, has raised €11 million to advance its innovative iron fuel technology for sustainable industrial heating. This groundbreaking solution burns iron powder to generate high-temperature heat without direct CO₂ emissions, offering a promising alternative to fossil fuels. The circular process converts the resulting rust powder back into iron using hydrogen.
5. Amazon invests $25 million in Rotterdam-based Paebbl
Paebbl, a young company that converts CO₂ into building materials, has raised $25 million in a funding round led by Amazon’s Impact Fund. The Dutch-Scandinavian startup will use the investment to expand its offices in Helsinki, Stockholm, and Rotterdam and build a demonstration plant. With this technology, which extracts CO₂ from the air, ocean, or industrial processes, the company will help reduce global carbon emissions.
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