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HIRO III Launches To back Europe+ Frontier Tech Founders With €5m–€50m Cheques

Overview

HIRO Capital has launched HIRO III, a new multi-stage fund focused on companies in the UK and Europe. The fund will deploy €5m–€50m cheques and will invest in sectors including spatial AI, robotics, immersive computing, and defence.

“This is an amazing moment of opportunity for the UK/Europe’s tech ecosystem,” says Nick Clegg, General Manager at HIRO Capital. “We have some of the most outstanding researchers and universities on the planet, and great engineers and entrepreneurs, too. Our problem is not a lack of innovation; it is a lack of capital at scale. Europe may have its critics, but we have a vibrant start-up scene which is now ready to accelerate – I believe the Hiro team has the unique geographic and technological reach to help make that happen.”

Benefits

  • Multi-stage investment with ticket sizes €5m–€50m 
  • Stage covergar: investing from Seed through Series C/Scale Up

Who can apply

HIRO invests in AI, autonomy and robotics, cloud and future compute; spatial computing and simulation, games, sports tech, digital augmentation, longevity, next generation defence, and the space economy. 

It invests across its Europe+ region, covering the EU, UK, Norway, and Switzerland, and extending through Ukraine, Turkey, and Israel.

How to apply

HIRO accepts inbound approaches through its official website channels. Founders should submit a pitch deck and core company materials through the firm’s contact routes. 

About the fund

HIRO Capital is a founder-led European VC launched in 2018 and built around a thematic focus on technologies where computing moves into the physical world and into day-to-day life through AI, spatial computing, and autonomy. It invests from Seed through Series C and scale-up and focuses on companies with the potential to build large outcomes in its target sectors across Europe+.

Hiro Capital was founded by Luke Alvarez, the co-founder of Inspire Entertainment, the Nasdaq-listed games and virtual sports firm, Sir Ian Livingstone, former chairman of the studio behind the game Lara Croft: Tomb Raider, and Cherry Freeman, the co-founder of crafts marketplace LoveCrafts. Recently, Nick Clegg joined as a General Partner in connection with the HIRO III launch.

Alongside the fund launch, HIRO expanded its advisory bench. HIRO’s advisory board includes AI pioneer Yann LeCun and additional senior figures specialising in robotics, defence, and product design.

HIRO’s portfolio includes Sidero Labs, Carv, Keen Games, Frameplay, Incredibuild, Team Liquid, FitXR, LIV, Polyarc, PlayerData, Lamina1, Skybound, Playbook, and Soccerverse, among others.

EIT Opens €40m University Innovation Call, Offering Up To €1.25m Per Project

Overview

The European Institute of Innovation and Technology (EIT) has launched its Higher Education Initiative Call for Proposals 2026, offering up to €1.25 million per project to strengthen innovation and entrepreneurship in higher education.

With a total budget of €40 million, the call aims to help universities develop innovation and entrepreneurship skills, improve technology transfer and bring research closer to commercial and industrial applications, with a particular focus on deep technology and manufacturing.

Universities and other eligible organisations in Cyprus can participate through international consortia bringing together higher education institutions, businesses, research organisations and other innovation partners.

Applications will close on 13 January 2027 at 17:00 CET.

What The Funding Supports

Selected projects can receive up to €1.25 million over 18 months to strengthen the capacity of higher education institutions to develop innovations, support entrepreneurship and collaborate with industry.

The call focuses on three interconnected objectives:

  • STEM talent and entrepreneurship: Developing innovation, entrepreneurship and intellectual property management skills among students, academics and university staff, particularly in fields relevant to deep tech and manufacturing.
  • Institutional innovation capacity: Strengthening universities’ ability to move research and knowledge towards commercialisation and industrial applications through technology transfer, intellectual property management and support for startups.
  • Innovation ecosystem collaboration: Building stronger relationships between universities, businesses, research organisations, investors and other partners across regional and European innovation networks.

Projects must contribute to all three objectives, although their activities can be tailored to the needs and priorities of participating institutions.

Funding can support the development and implementation of institutional innovation action plans, entrepreneurship programmes, training and mentoring, technology transfer activities, startup creation and partnerships with industry.

Who Can Apply

The call is open to consortia led by higher education institutions, with participation from businesses, research organisations, public bodies and other eligible organisations.

Each consortium must include at least five partner organisations, meeting the following requirements:

  • At least three higher education institutions established in three different countries eligible for Horizon Europe funding, including at least one institution from an EU Member State.
  • At least two business or industry partners, which may include companies, startups, SMEs, larger enterprises or organisations representing industry.
  • All funded consortium partners must be established in eligible countries.

Participation from businesses operating in manufacturing and deep-tech industries is particularly encouraged.

Other eligible partners may include research institutions, technology companies, public bodies, intermediary organisations, social enterprises and NGOs, provided the consortium meets the call’s requirements.

Eligibility Requirements

Participating higher education institutions must demonstrate institutional commitment to the proposed project.

Each institution must involve at least two faculties, departments or equivalent units, provide evidence of its recognised higher education status and submit a formal commitment letter signed by its senior management.

The call also places restrictions on previous funding recipients.

Organisations funded as beneficiaries under the EIT Higher Education Initiative’s 2025 Call for Proposals (Cohort 5) cannot participate as funded beneficiaries in the 2026 round. They may, however, join consortia as associated, non-funded partners.

Each organisation may participate as a funded beneficiary in only one application under the 2026 call, although participation as an associated, non-funded partner in other consortia is permitted.

How To Apply

Applications must be submitted through the official EIT Higher Education Initiative application portal by 13 January 2027 at 17:00 CET.

Prospective applicants must review the full call documentation and establish an eligible consortium before submitting a proposal.

The application process includes completing the HEInnovate self-assessment, which helps participating higher education institutions identify their innovation and entrepreneurship strengths and development needs. The assessment must be completed during the application period, from October 2026 to January 2027.

Consortia must then prepare an Innovation Vision Action Plan (IVAP), setting out their proposed activities, institutional objectives, expected results and implementation approach.

Applications consist of two parts:

  • Part A: Completed online, covering project and partner details, activities, performance indicators, work packages and budget information.
  • Part B: A narrative proposal prepared using the official template, addressing excellence, impact, and the quality and efficiency of implementation.

Applicants must also provide supporting documentation, including the project budget, relevant declarations, institutional accreditation evidence, HEInnovate results and signed commitment letters.

Applicants are expected to receive evaluation results in March 2027. Selected projects are scheduled to begin on 1 May 2027 and run until 31 October 2028.

Information Sessions

The EIT Higher Education Initiative is organising a series of online information sessions to help prospective applicants understand the call requirements and prepare their proposals.

Upcoming sessions include:

  • 4 November 2026: Overview of the 2026 Call for Proposals.
  • 6 November 2026: Introduction to HEInnovate.
  • 11 November 2026: Monitoring, Evaluation and Learning Framework, impact domains and actions.
  • 13 November 2026: Key performance indicator expectations.
  • 17 November 2026: Application and budget planning.
  • 23 November 2026: EIT Knowledge and Innovation Communities Discovery Day.
  • 3 December 2026: Open Q&A.

The initiative also provides an online matchmaking platform to help universities, businesses and other organisations identify potential international consortium partners.

Full call documentation, application templates, eligibility guidance, information session registration and access to the application portal are available on the official EIT Higher Education Initiative Call for Proposals 2026 page.

About The EIT Higher Education Initiative

The EIT Higher Education Initiative, coordinated by EIT RawMaterials, supports universities in developing stronger innovation and entrepreneurship capabilities and building closer relationships with industry.

Launched in 2021, the initiative brings higher education institutions together with businesses, research organisations and other partners to strengthen Europe’s innovation ecosystem.

According to the EIT, the initiative has supported more than 500 higher education institutions, trained over 150,000 students and staff in innovation and entrepreneurship, and helped launch more than 207 startups since its establishment.

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