Welcome to the Newsroom

In the newsroom, you will find the latest updates on the BlueInvest initiative: useful videos to expand your knowledge, success stories, insights on our pasts and upcoming events and much more!  

 

BlueInvest was launched in 2019 with the aim to facilitate access to finance and support investment readiness for early stage businesses, SMEs and scale ups in the blue economy. The platform …

  • Supports investment readiness and access to finance for innovative start-ups, SMEs, and scale-ups in the blue economy.
  • Provides a market path through technical assistance, visibility, matchmaking and network- and opportunity-building for investors and companies.
  • Guides investors to specialize their investment strategies into blue economy related areas and to maximize their related investments.
  • Fosters a community and investment ecosystem to help finance the go-to-market and scale-up and to fuel the transition to more sustainable finance and impact investment.

 

SUCCESS STORIES

80+ beneficiaries had qualified introductions to investors
50+ beneficiaries secured investment
96.5% satisfaction rate
 
Read more  on the BlueInvest beneficiaries and their success stories here below. 
Want to be the next one? Apply to BlueInvest Readiness Assistance or Fundraising Assistance.
 
 

eyeGauge: grow with BlueInvest

Success stories

eyeGauge, a French-Singaporean firm, brings digital innovation to the maritime industry.

Through their unified data platform, they can make any equipment 'smart' – 'without changing a thing'. The platform allows any kind of user to monitor a ship’s performance, fuel consumption, emissions, and machinery status.

With the help of BlueInvest, the startup successfully raised €530,000 in funding from investors.

 

An affordable solution for maritime digitalisation

Digital transformation increases value through innovation, improves customer experience and boosts efficiency.

However, until now, digital transformation solutions often required complex equipment upgrades. As a result, integrating automated monitoring to existing machinery and equipment was prohibitively expensive, especially in the blue economy.

To solve this issue, eyeGauge developed a unified data platform for ship owners, charters, technical managers, and operators.

The platform includes three layers: data collection, data unification and analytics.

Through accurate near real-time measuring and sharing of vessel performance, consumption and emissions data on the unified platform, decarbonisation goals can be achieved and relationships between shipowners and charterers improved.

The solution that eyeGauge offers is compatible with any type of machinery and equipment: a unique advantage. It is non-invasive and can be easily installed by the crew.

BlueInvest in action

eyeGauge participated in the Readiness Assistance programme and was chosen to pitch their innovation at BlueInvest Day 2023.

As stated by Rodion Denisyuk, CEO and Founder: “BlueInvest has helped us in many ways: by providing us with a technical support programme that enhanced our investment-readiness, while also offering us a platform to successfully connect with investors. It has truly boosted our opportunities for collaboration and growth.”

Their participation in the pitching connected them with an interested investor, leading to a successful €530,000 funding raise.

 

Picture from platform: eyeGauge's platform gives users real-time information about the emissions
eyeGauge's platform gives users real-time information about the emissions.
 

The maritime transportation industry is truly global. With eyeGauge's clients being spread across the world, they need to turn outwards to grow their client base. With the funds, they want to grow their business offerings and expand the customer base, while also increasing team strength. They are currently hiring to enforce their go-to-market and R&D team.

Based in Paris and Singapore, eyeGauge's team of professionals has years of hands-on experience in high-tech industries. Also, they have deep knowledge in enterprise software design and development, Big Data, Machine Learning and AI. Assisted by reputable experts with domain-specific knowledge, eyeGauge is committed delivering high-quality, efficient and accessible solutions for everyone.

With an eye on success, eyeGauge is poised to get bigger and better in the days to come.

Background

BlueInvest Readiness Assistance is an exclusive coaching programme. It targets high potential EU startups and SMEs with innovative and sustainable products and solutions for the Blue Economy. Businesses and projects selected for Investment Readiness Assistance will receive coaching packages tailored to their readiness levels and business objectives. The programme is impact-driven, with a clear focus on providing business support to help startups and SMEs build capacities for growth and attract investment.

Interested? Apply now by registering to the BlueInvest Community and completing the dedicated Readiness Assistance application form.

The current application deadline is the 15th of December 2023. For any questions, reach out to us at lu-blueinvest@pwc.lu.

More information

Website: https://www.eye-gauge.com

LinkedIn: https://fr.linkedin.com/company/eyegauge 

 

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OTHER BLUE NEWS

 

EUSPA funding scheme grant

EUSPA has published a new Fundamental Elements funding scheme grant to support the integration of Galileo High Accuracy Service (HAS) in maritime positioning and/or navigation solutions. 

The Galileo HAS-enabled Maritime receiver Call for Proposals aims at designing, developing, testing and demonstrating a GNSS positioning/navigation solution, integrating Galileo HAS receiver, suitable to be embedded within the vessel navigation equipment.

Deadline for submission to the call: Friday, September 20, 2024 - 23:59 CEST.

You can read more about this opportunity at the EUSPA pages.

 

 

Oceanovation Festival - 21-22 June 2023

 

Innovation and technology are the cornerstones of a blue economy, and Europe is leading the way. A thriving Blue economy promises to bring innumerable benefits through the financing of projects and investments with a focus on marine innovation and circular economy solutions. This is why Blue Invest is a supporting partner of OCEANOVATION Festival taking place in The Hague on 21-22 June.

The Festival will bring together 350+ innovative founders, investors, corporates, and forward-thinking minds in the ocean space to identify, implement and scale the technologies we need to grow the blue economy in a sustainable way. As part of the Blue Invest network, you will be able to attend 2 days of workshops and engaging conversation with a 40% discount on the ticket. Take part in the different civities offered during the event such as a Founders program, dedicated Investor Program, Pitch on The Beach, Industry Workshops, and unlimited networking opportunities.

More information here

 

Protecting and Monitoring the Ocean - the Nordics

BlueInvest is partnering up with Ocean Autonomy Cluster for the seminar “Protecting and Monitoring the Ocean - the Nordics” taking place on 03 May in Clarion Brattøra and online.

Experts, innovators, and industry leaders will gather to discuss the current state and prospects of the blue economy in the Nordic region.

The session "Solutions looking for a problem - Entrepreneurs" is available for online participation. Register here.

The other parts of the event are by invitation only. Any questions can be addressed to Ocean Autonomy Cluster.

Programme and more information here.

 

Innovation Fund third small-scale call for projects

The third Innovation Fund small-scale call for projects was launched on 30 March 2023 with a budget of EUR 100 million for projects with a total capital cost between EUR 2.5 million and below EUR 7.5 million, it will be open for projects submissions until 19 September 2023, 17:00 Brussels time.

On 20 April, the European Climate, Infrastructure and Environment Executive Agency (CINEA) and the European Commission's DG Climate Action are organising an Info Day to present the call.

Registration and information here.

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Discover the Black Sea Assistance Mechanism

BlueInvest and the Black Sea Assistance Mechanism are collaborating to provide market pathways for sustainable and innovative technologies at different stages of formation.

The Black Sea Assistance Mechanism offers participating countries practical support to help meet the blue economy goals of the Common Maritime Agenda for the Black Sea.

The focus is on facilitating awareness and capacity of local and regional stakeholders by providing the Black Sea community with expertise on the blue economy, a network across borders on both shores to help project leaders find the right partners, as well as support with project idea development and share funding opportunities.

 

BlueInvest and the Black Sea Assistance Mechanism are collaborating to provide market pathways for sustainable and innovative technologies at different stages of formation.

The Black Sea Assistance Mechanism offers participating countries practical support to help meet the blue economy goals of the Common Maritime Agenda for the Black Sea.

The focus is on facilitating awareness and capacity of local and regional stakeholders by providing the Black Sea community with expertise on the blue economy, a network across borders on both shores to help project leaders find the right partners, as well as support with project idea development and share funding opportunities.