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Axiles Bionics

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uuid00027ot

Namestring
Axiles Bionics
Legal namestring
Axiles Bionics
Company typeenum
Private
Founded yearint
2019
Descriptiontext

Axiles Bionics is a Belgian deeptech/medtech company founded in 2019 as a spin-off from BruBotics at the Vrije Universiteit Brussel (VUB), designing and selling biomimetic bionic prosthetic feet for lower-limb amputees. Its flagship Lunaris product line spans three tiers (Essential, IO, and IO+) and combines an anatomical ankle joint with an elastic tendon system that stores and releases energy during gait, embedded sensors, and a 3D-printed TPU foot cover with variable-stiffness zones. The IO and IO+ variants add a smart IoT charger that nightly harvests sensor data to a cloud platform, where deep-learning and reinforcement-learning models refine gait recognition and adapt the prosthesis to individual user biomechanics via overnight parameter updates. The product architecture, underpinned by 17+ years of VUB research and a series-parallel elastic actuation (SPEA) concept, is CE-marked under EU Regulation 2017/745, FDA-cleared, ISO 10328-tested for 2 million load cycles, and reimbursed across several European healthcare systems.

Axiles sells exclusively through certified prosthetists and orthotists (CPOs) under an enterprise field-sales model, with Area Sales Managers being hired across Germany, France, Benelux, and Italy to expand beyond the 2023 launch markets of Belgium, France, Luxembourg, and the Netherlands; certified Canadian CPOs with MDEL licensure can also procure the device. Patient acquisition is supported by an ambassador program with active amputees and an event-driven demand-generation strategy spanning OT World, Health Meets Hardware, Momentum Gathering, and the Belgian Pavilion at Expo 2025 Osaka. The company complements outright purchase with the AxilesCare and AxilesCare+ subscription programs that lower upfront cost through monthly installments and (for IO+) include a lifetime warranty plus continuous software and maintenance updates.

Axiles Bionics has raised approximately €11.4 million cumulatively across a €2.4M initial Series A in 2019, a €0.5M Innoviris Innovative Starters Award in 2021, a €2.5M EIC Accelerator grant in January 2023, and a €6M first tranche of an €8M Series A led by PE Group in June 2025, with the EIC Fund and Finance&Invest.brussels participating. The 15-person organization, more than two-thirds engineers, is led by founder-CEO Pierre Cherelle (PhD in robotics, VUB) alongside co-founder CTO Felipe Gomez, CRO Claire Cherelle, and CFO Jacques Langhendries, with the spin-off relationship with BruBotics/VUB continuing through ongoing clinical trials.

Short descriptiontext

Belgian deeptech medtech company founded in 2019 as a VUB spin-off, developing biomimetic AI-enabled bionic prosthetic feet (Lunaris line) for lower-limb amputees, sold via certified prosthetists across Europe and Canada.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersBrussel, Belgium
HQ citystring
Brussel
HQ countrystring
Belgium
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
biomimetic prosthetic feet, bionic ankle-foot prosthesis, robotic prosthetic devices, lower-limb prosthetics, medical device engineering
Industry3 codes
1Limb Prosthetics (Upper/Lower Extremity Prosthetic Systems)
CodeHLAHAEAHPrimaryYes
2Prosthetic Components & Rehabilitation Accessories (Liners, Feet, Knees, Sockets)
CodeHLAHAMADPrimaryNo
3Sports & Active Rehabilitation Devices (Adaptive Sports Mobility, Performance Prosthetics)
CodeHLAHAMAJPrimaryNo
NAICS code1 code
  • Electromedical and Electrotherapeutic Apparatus Manufacturing334510
SIC code2 codes
  • Orthopedic, Prosthetic & Surgical Appliances & Supplies3842
  • Electromedical & Electrotherapeutic Apparatus3845
Product category
Prosthetic Devices
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Prosthetic device sales (hardware)
TypeHardware Sales
Description

One-time sale of Lunaris prosthetic feet (Lunaris Essential, Lunaris IO, Lunaris IO+) to patients via prosthetists. Revenue recognized at point of sale. The company also sells IO Chargers and cosmetic foot covers as accessories. CE-marked and FDA-cleared.

axilesbionics.com
2AxilesCare and AxilesCare+ subscriptions
TypeSubscription Recurring
Description

Subscription model allowing patients to acquire Lunaris prostheses with reduced down payment followed by affordable monthly installments. AxilesCare+ adds a lifetime warranty for Lunaris IO+ as long as monthly payments are maintained. Creates recurring revenue relationship with patients.

axilesbionics.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Pricing details4 tiers
1Lunaris Essential — core biomimetic prosthetic foot
ModelOne time/ perpetual licenseBilling cadenceMulti-year contract
Notes

Pricing not publicly disclosed; varies by region and customization. CE-marked Class I medical device. Weight range 45-110 kg, foot sizes 24-30 cm. Standard Graphene Black foot cover; additional colors available separately.

axilesbionics.com
2Lunaris IO and IO+ — extended range of motion with smart connectivity
ModelOne time/ perpetual licenseBilling cadenceMulti-year contract
Notes

Pricing not publicly disclosed. IO+ includes maintenance handled directly by Axiles Bionics. Two-week trial includes two prostheses with different spring categories. IO Charger required for daily data sync and updates.

axilesbionics.com
3AxilesCare — reduced upfront + monthly installments
ModelSubscriptionBilling cadenceMonthly
Notes

Acquisition of Lunaris IO/IO+ with reduced down payment followed by affordable monthly installments. Designed to remove financial barriers to advanced prosthetic technology. Availability may vary by country.

axilesbionics.com
4AxilesCare+ — lifetime warranty for Lunaris IO+
ModelSubscriptionBilling cadenceMonthly
Notes

Monthly payment model for Lunaris IO+ with lifetime warranty as long as monthly payments are maintained. Includes annual maintenance, latest software updates and upgrades, and device inspection/cleaning/adjustment. Not available in all countries.

axilesbionics.com
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 5 records shown
1Lunaris Essential
Description

Essential performance prosthetic foot with reliable design for confident everyday walking.

axilesbionics.com
+4 more records
Core offering1 text field

Axiles Bionics designs, develops, manufactures, and sells the Lunaris product line of biomimetic prosthetic feet for people with lower-limb amputations. The feet combine robotics, artificial intelligence, and human biomechanics to replicate natural ankle motion, delivered in three tiers (Lunaris Essential, Lunaris IO, Lunaris IO+) along with the IO Charger smart accessory and AxilesCare/AxilesCare+ subscription service plans. The company's value proposition centers on a patented anatomical ankle joint with an elastic tendon system, embedded sensors, deep-learning gait recognition, and CE/FDA regulatory clearances enabling reimbursement in multiple markets.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • 66% reduction in peak heel-strike acceleration (from 5 g to 1.71 g)
+5 more records
Product overview1 text field

Axiles Bionics offers the Lunaris Product Line of advanced prosthetic feet, consisting of three models: Lunaris Essential (core performance), Lunaris IO (smart connectivity), and Lunaris IO+ (premium with lifetime warranty). The products use biomimetic design inspired by human ankle biomechanics, featuring up to 39° range of motion, 3D-printed TPU foot covers, and adaptive mechanics. The IO and IO+ variants include intelligent connectivity through the IO Charger for data collection and overnight software optimization. Purchase options include traditional buying (with 24-month warranty) or subscription models (AxilesCare/AxilesCare+).

Product and service6 records
1Lunaris Essential
CategoryProsthetic Devices
Description

Entry-tier biomimetic prosthetic foot within the Lunaris product family, intended for certified prosthetists fitting lower-limb amputees; delivers the core anatomical ankle joint and elastic tendon benefits without the smart-connectivity features reserved for higher tiers.

2Lunaris IO
CategoryProsthetic Devices
Description

Mid-tier Lunaris biomimetic prosthetic foot for certified prosthetists, combining the anatomical ankle joint and elastic tendon system with the IO Charger smart accessory and Bluetooth connectivity to the Luna Smart App.

3Lunaris IO+
CategoryProsthetic Devices
Description

Premium-tier Lunaris biomimetic prosthetic foot sold to certified prosthetists, adding full Luna Smart App connectivity, proactive user insights, remote follow-up features, and personalized services on top of the IO platform.

4IO Charger
CategoryProsthetic Accessories
Description

Smart charging and connectivity accessory for the Lunaris IO and IO+ prosthetic feet, enabling Bluetooth pairing with the Luna Smart App for monitoring, configuration, and proactive user insights.

5AxilesCare
CategoryService Plans
Description

Subscription service plan from Axiles Bionics that allows customers to acquire a Lunaris prosthetic foot via recurring monthly payments instead of an outright purchase, bundled with standard service support.

6AxilesCare+
CategoryService Plans
Description

Premium subscription service plan from Axiles Bionics offering enhanced support and personalized services on top of the AxilesCare base plan for Lunaris prosthetic foot users.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-06-24
Description

Axiles Bionics was founded in 2019 as a spin-off from BruBotics at VUB. BruBotics is a Brussels Human Robotics Research Center comprising 8 research groups with 300+ researchers. Over 17 years of joint research in robotics, AI, biomechanics, rehabilitation, and eHealth. The collaboration continues with clinical trials conducted with MFYS from BruBotics.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Brussels business development agency. Listed as a supporter of Axiles Bionics, providing business development and export support services for Brussels companies.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability3 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature7 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance10 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Axiles Bionics

Prosthetic Devicesaxilesbionics.com

Belgian deeptech medtech company founded in 2019 as a VUB spin-off, developing biomimetic AI-enabled bionic prosthetic feet (Lunaris line) for lower-limb amputees, sold via certified prosthetists across Europe and Canada.

What Axiles Bionics does

Axiles Bionics is a Belgian deeptech/medtech company founded in 2019 as a spin-off from BruBotics at the Vrije Universiteit Brussel (VUB), designing and selling biomimetic bionic prosthetic feet for lower-limb amputees. Its flagship Lunaris product line spans three tiers (Essential, IO, and IO+) and combines an anatomical ankle joint with an elastic tendon system that stores and releases energy during gait, embedded sensors, and a 3D-printed TPU foot cover with variable-stiffness zones. The IO and IO+ variants add a smart IoT charger that nightly harvests sensor data to a cloud platform, where deep-learning and reinforcement-learning models refine gait recognition and adapt the prosthesis to individual user biomechanics via overnight parameter updates. The product architecture, underpinned by 17+ years of VUB research and a series-parallel elastic actuation (SPEA) concept, is CE-marked under EU Regulation 2017/745, FDA-cleared, ISO 10328-tested for 2 million load cycles, and reimbursed across several European healthcare systems.

Axiles sells exclusively through certified prosthetists and orthotists (CPOs) under an enterprise field-sales model, with Area Sales Managers being hired across Germany, France, Benelux, and Italy to expand beyond the 2023 launch markets of Belgium, France, Luxembourg, and the Netherlands; certified Canadian CPOs with MDEL licensure can also procure the device. Patient acquisition is supported by an ambassador program with active amputees and an event-driven demand-generation strategy spanning OT World, Health Meets Hardware, Momentum Gathering, and the Belgian Pavilion at Expo 2025 Osaka. The company complements outright purchase with the AxilesCare and AxilesCare+ subscription programs that lower upfront cost through monthly installments and (for IO+) include a lifetime warranty plus continuous software and maintenance updates.

Axiles Bionics has raised approximately €11.4 million cumulatively across a €2.4M initial Series A in 2019, a €0.5M Innoviris Innovative Starters Award in 2021, a €2.5M EIC Accelerator grant in January 2023, and a €6M first tranche of an €8M Series A led by PE Group in June 2025, with the EIC Fund and Finance&Invest.brussels participating. The 15-person organization, more than two-thirds engineers, is led by founder-CEO Pierre Cherelle (PhD in robotics, VUB) alongside co-founder CTO Felipe Gomez, CRO Claire Cherelle, and CFO Jacques Langhendries, with the spin-off relationship with BruBotics/VUB continuing through ongoing clinical trials.

Axiles Bionics firmographics

Firmographics
Name
Axiles Bionics
Legal name
Axiles Bionics
Website
https://axilesbionics.com
Company type
Private
Founded year
2019
Operating status
Operating
Headcount range
11–50 employees
Short description
Belgian deeptech medtech company founded in 2019 as a VUB spin-off, developing biomimetic AI-enabled bionic prosthetic feet (Lunaris line) for lower-limb amputees, sold via certified prosthetists across Europe and Canada.
Ownership category
akta.pro rank

Axiles Bionics industry classification

Industry
Product category
Prosthetic Devices
NAICS
Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)
SIC
Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Electromedical & Electrotherapeutic Apparatus (3845)
akta.pro primary industry
Limb Prosthetics (Upper/Lower Extremity Prosthetic Systems) (HLAHAEAH)
akta.pro secondary industries
Prosthetic Components & Rehabilitation Accessories (Liners, Feet, Knees, Sockets) (HLAHAMAD), Sports & Active Rehabilitation Devices (Adaptive Sports Mobility, Performance Prosthetics) (HLAHAMAJ)

Keywords

  • Biomimetic prosthetic feet
  • Bionic ankle-foot prosthesis
  • Robotic prosthetic devices
  • Lower-limb prosthetics
  • Medical device engineering

Where Axiles Bionics is headquartered

Location

Headquarters

HQ city
Brussel
HQ country
Belgium
HQ region
Europe

Offices1 record

Markets served

Axiles Bionics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

  1. Prosthetic device sales (hardware): One-time sale of Lunaris prosthetic feet (Lunaris Essential, Lunaris IO, Lunaris IO+) to patients via prosthetists. Revenue recognized at point of sale. The company also sells IO Chargers and cosmetic foot covers as accessories. CE-marked and FDA-cleared.
  2. AxilesCare and AxilesCare+ subscriptions: Subscription model allowing patients to acquire Lunaris prostheses with reduced down payment followed by affordable monthly installments. AxilesCare+ adds a lifetime warranty for Lunaris IO+ as long as monthly payments are maintained. Creates recurring revenue relationship with patients.

Pricing tiers

ModelBillingPrice
One time/ perpetual licenseMulti-year contractLunaris Essential — core biomimetic prosthetic foot
One time/ perpetual licenseMulti-year contractLunaris IO and IO+ — extended range of motion with smart connectivity
SubscriptionMonthlyAxilesCare — reduced upfront + monthly installments
SubscriptionMonthlyAxilesCare+ — lifetime warranty for Lunaris IO+

Go-to-market motion3 records

Distribution channels3 records

Marketing channels8 records

Axiles Bionics product offering

Product offering

Core offering

Axiles Bionics designs, develops, manufactures, and sells the Lunaris product line of biomimetic prosthetic feet for people with lower-limb amputations. The feet combine robotics, artificial intelligence, and human biomechanics to replicate natural ankle motion, delivered in three tiers (Lunaris Essential, Lunaris IO, Lunaris IO+) along with the IO Charger smart accessory and AxilesCare/AxilesCare+ subscription service plans. The company's value proposition centers on a patented anatomical ankle joint with an elastic tendon system, embedded sensors, deep-learning gait recognition, and CE/FDA regulatory clearances enabling reimbursement in multiple markets.

Product overview

Axiles Bionics offers the Lunaris Product Line of advanced prosthetic feet, consisting of three models: Lunaris Essential (core performance), Lunaris IO (smart connectivity), and Lunaris IO+ (premium with lifetime warranty). The products use biomimetic design inspired by human ankle biomechanics, featuring up to 39° range of motion, 3D-printed TPU foot covers, and adaptive mechanics. The IO and IO+ variants include intelligent connectivity through the IO Charger for data collection and overnight software optimization. Purchase options include traditional buying (with 24-month warranty) or subscription models (AxilesCare/AxilesCare+).

Differentiator

Problem solved

Functional benefit

Brands

  • Lunaris Essential: Essential performance prosthetic foot with reliable design for confident everyday walking.
  • Lunaris IO
  • Lunaris IO+
  • AxilesCare
  • AxilesCare+

Products and services

  • Lunaris Essential Entry-tier biomimetic prosthetic foot within the Lunaris product family, intended for certified prosthetists fitting lower-limb amputees; delivers the core anatomical ankle joint and elastic tendon benefits without the smart-connectivity features reserved for higher tiers.
  • Lunaris IO Mid-tier Lunaris biomimetic prosthetic foot for certified prosthetists, combining the anatomical ankle joint and elastic tendon system with the IO Charger smart accessory and Bluetooth connectivity to the Luna Smart App.
  • Lunaris IO+ Premium-tier Lunaris biomimetic prosthetic foot sold to certified prosthetists, adding full Luna Smart App connectivity, proactive user insights, remote follow-up features, and personalized services on top of the IO platform.
  • IO Charger Smart charging and connectivity accessory for the Lunaris IO and IO+ prosthetic feet, enabling Bluetooth pairing with the Luna Smart App for monitoring, configuration, and proactive user insights.
  • AxilesCare Subscription service plan from Axiles Bionics that allows customers to acquire a Lunaris prosthetic foot via recurring monthly payments instead of an outright purchase, bundled with standard service support.
  • AxilesCare+ Premium subscription service plan from Axiles Bionics offering enhanced support and personalized services on top of the AxilesCare base plan for Lunaris prosthetic foot users.

Quantifiable outcome

  • 66% reduction in peak heel-strike acceleration (from 5 g to 1.71 g)
  • +5 more outcomes

Companies that use Axiles Bionics

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Axiles Bionics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Axiles Bionics partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • Vrije Universiteit Brussel (VUB) / BruBoticscoreStrategic or Co-development Partner · 24 June 2025Axiles Bionics was founded in 2019 as a spin-off from BruBotics at VUB. BruBotics is a Brussels Human Robotics Research Center comprising 8 research groups with 300+ researchers. Over 17 years of joint research in robotics, AI, biomechanics, rehabilitation, and eHealth. The collaboration continues with clinical trials conducted with MFYS from BruBotics.
  • hub.brusselsminorStrategic or Co-development PartnerBrussels business development agency. Listed as a supporter of Axiles Bionics, providing business development and export support services for Brussels companies.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Axiles Bionics competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

Axiles Bionics social profiles

Digital presence

Axiles Bionics compliance and trust

Trust signal

Compliance10 records

Axiles Bionics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Axiles Bionics leadership team

Management profile

Number of profiles

Profiles4 records

Axiles Bionics funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Axiles Bionics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Axiles Bionics

What does Axiles Bionics do?

Axiles Bionics designs, develops, manufactures, and sells the Lunaris product line of biomimetic prosthetic feet for people with lower-limb amputations. The feet combine robotics, artificial intelligence, and human biomechanics to replicate natural ankle motion, delivered in three tiers (Lunaris Essential, Lunaris IO, Lunaris IO+) along with the IO Charger smart accessory and AxilesCare/AxilesCare+ subscription service plans. The company's value proposition centers on a patented anatomical ankle joint with an elastic tendon system, embedded sensors, deep-learning gait recognition, and CE/FDA regulatory clearances enabling reimbursement in multiple markets.

Is Axiles Bionics a public or private company?

Axiles Bionics is a private company. It is classified as venture growth investor backed and is currently operating.

When was Axiles Bionics founded?

Axiles Bionics was founded in 2019. It employs 11 to 50 people.

Where is Axiles Bionics based?

Axiles Bionics is headquartered in Brussel, Belgium, in the Europe region.

How does Axiles Bionics make money?

Two revenue lines are on record. Prosthetic device sales (hardware) is the primary driver. The others are axilesCare and AxilesCare+ subscriptions.

Does Axiles Bionics have an API?

No public API is recorded for Axiles Bionics.

What industry is Axiles Bionics in?

Axiles Bionics's product category is Prosthetic Devices. Its primary akta.pro industry code is HLAHAEAH, Limb Prosthetics (Upper/Lower Extremity Prosthetic Systems), with a secondary code of HLAHAMAD, Prosthetic Components & Rehabilitation Accessories (Liners, Feet, Knees, Sockets). Its NAICS code is 334510 and its SIC code is 3842.

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Live signals
GoodmenprojectFrom Prosthetics to Paper and AI: Europe’s Innovation Summit Backs New TechThe European Innovation Council (EIC) Summit took place in Brussels on June 3, bringing together venture capitalists, scientists, EU officials, and startup founders to showcase European innovations ranging from prosthetics to AI and renewable energy. The event featured the announcement of the €5 billion Scaleup Europe Fund, expected to grow to €20 billion, aimed at helping European startups raise large capital rounds currently sought in the US. Multiple companies including Axiles Bionics, CorPower Ocean, Iris.ai, IQM Quantum Computers, and Releaf presented their technologies, with founders crediting EIC support as crucial to their growth and market entry.Cyprus MailFrom prosthetics to paper and AI: Europe’s innovation summit backs new techThe European Innovation Council (EIC) Summit took place in Brussels on 3 June, marking the announcement of the Scaleup Europe Fund, a €5 billion venture capital initiative that could grow to €20 billion to help European startups raise large funding rounds domestically rather than in the US. The event brought together EU officials, scientists, and venture capitalists to showcase EIC-backed companies including Axiles Bionics (Belgian prosthetics), CorPower Ocean (Swedish wave energy), Iris.ai (Norwegian AI data processing), IQM Quantum Computers (Finnish quantum computing), and Releaf (leaf-based paper from Ukraine/France). EIC CEO Jan Goetz and other founders noted that while Europe excels at cutting-edge science, it historically struggles to commercialise and scale innovations, positioning the new fund as a tool to address that structural gap.European UnionFrom prosthetics to paper and AI: Europe’s innovation summit backs new techThe European Innovation Council (EIC) Summit held in Brussels on 3 June 2025 showcased European deep-tech innovation, coinciding with the announcement of the Scaleup Europe Fund, a €5 billion venture capital fund that could grow to €20 billion, aimed at helping European startups raise large capital rounds domestically. Several companies presented their work at the summit, including prosthetics firm Axiles Bionics (Belgium), wave energy company CorPower Ocean (Sweden), AI firm Iris.ai (Norway), quantum computer maker IQM Quantum Computers (Finland), and sustainable paper producer Releaf (France). The EU Innovation Platform was also launched during the event to help EU-funded innovators find funding and increase visibility for their work.VubtechtransferVUB spin-off Axiles Bionics secures €6M for bionic footAxiles Bionics, a spin-off from Vrije Universiteit Brussel, secured €6 million in a Series A funding round to accelerate the global deployment of its biomimetic prosthetic foot Lunaris. The funding was led by PE Group and included support from the EIC Fund and other investors, aiming to enhance the development of next-generation bionic devices.