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Delmic Cryo and the EIC Accelerator: An Equity Award Unexplained

September 29, 20261,106 words6 min

Cryo-electron tomography lets biologists see proteins inside frozen cells in three dimensions, but preparing the thin frozen slices it needs is slow and difficult. Delmic, a microscopy company in Delft, makes instruments that help: its METEOR system puts a fluorescence microscope inside the cryo focused-ion-beam microscope used to cut those slices, so researchers can find their target without moving the sample.

At the June 2021 cut-off, the European Innovation Council selected Delmic Cryo BV for an equity-only award for "MIMAS Workflow", described as "unlocking the potential of cryo-electron tomography by simplification of the sample preparation workflow". Equity-only awards have no grant agreement, so there is no CORDIS project or report. Five years on, Delmic appears in the EIC Fund portfolio, but the name MIMAS does not appear anywhere on its website.

EquityEIC award type: no grant, no CORDIS report
ListedDelmic in the EIC Fund portfolio
200+Publications supported by its instruments, per Delmic
0Mentions of MIMAS on Delmic's website today

Company file

Legal entity
Delmic Cryo BV, Delft, Netherlands
Group
Delmic, microscopy instruments for life and materials sciences
Products
METEOR 2.0 cryo fluorescence microscope; SPARC Spectral 3.0 cathodoluminescence detector
Users named
Max Planck Institute of Biochemistry, UMC Göttingen, Osaka University, AP-HM Marseille
Recognition
Microscopy Today Innovation Awards 2013, 2015, 2021, 2022; MRS award 2014
EIC award
MIMAS Workflow, June 2021 cut-off, equity only
CORDIS project
None: equity-only awards carry no grant agreement
EIC Fund
Listed in the portfolio; amount not published

Where Delmic Stands Today

Delmic's website describes a company that aims to make electron microscopy "accessible, automated, and actionable", operates on five continents and supports more than 200 publications. For life sciences it sells METEOR 2.0, which integrates cryo fluorescence imaging and targeting into cryo-FIB/SEM instruments, with software for automated correlative milling. It credits imaging to groups at the Max Planck Institute of Biochemistry, UMC Göttingen, Osaka University and AP-HM in Marseille.

The EIC Fund's portfolio page describes the company as automating "electron microscopy workflows to enhance accessibility for material and life sciences applications". It gives no investment amount or date.

The Technology: Finding the Target in the Cold

In cryo-electron tomography, samples are frozen, thinned with a focused ion beam into slices called lamellae, and imaged in an electron microscope. Finding the right spot to cut is a major bottleneck. Integrating a light microscope into the ion-beam instrument, as METEOR does, lets researchers locate fluorescently labelled structures and cut exactly there. The EIC award's MIMAS Workflow was described as simplifying this preparation. MIMAS is the renamed Cryo-SECOM: the final report of Delmic B.V.'s 2019 EU project, CORDIS 879673, calls the system "Cryo-SECOM (MIMAS)", as covered in our article on Delmic B.V.

"Unlocking the potential of cryo-electron tomography by simplification of the sample preparation workflow."

EIC Accelerator award description, June 2021

What the EIC Award Was, and What the Record Shows

The award appears in the EIC's list of June 2021 winners as equity only. Without a grant there are no deliverables, periodic reports or results on CORDIS, and we found no Delmic announcement about the award or about MIMAS.

A seminar flyer from the Okinawa Institute of Science and Technology dated 7 October 2025 says Delmic "has partnered with TESCAN to develop the MIMAS workflow", integrating its fluorescence microscopy with TESCAN's SOLARIS X 2 FIB-SEM. That flyer is the only public source found for MIMAS since the award.

  1. EIC equity investedListedDelmic is in the EIC Fund portfolio; amount and terms not published.
  2. MIMAS Workflow on the marketNot shownNo product of that name on Delmic's website.
  3. A cryo-ET product in useYesMETEOR 2.0 sold, with named research users.

What Has Happened Since the Award

The Money

In October 2021 Delmic announced its selection for the EIC Accelerator without giving amounts. On 3 April 2023 it announced a €4 million investment from Value Creation Capital and the EIC Fund, to scale service, sales and applications and speed up product development; the release names METEOR among its cryo products but does not mention MIMAS, and does not split the €4 million between the two investors. Delmic Cryo BV's revenue and results are not freely available.

What cannot be checked

The EIC Fund's share of the €4 million round, what happened to MIMAS, and how much Delmic sells are not public. This is the reporting gap that equity-only awards leave: no grant report, and no obligation to publish results.

Why Europe Should Care

Cryo-electron tomography is a tool for seeing how proteins work inside cells, relevant to drug discovery, as Delmic's own articles argue. A Delft company that builds instruments for it gives Europe a foothold in the field, and the EIC chose to back it with equity.

What the EIC backed

MIMAS Workflow: a simpler sample preparation workflow for cryo-electron tomography.

What the record shows

An EIC Fund portfolio listing and a related cryo product on sale, a 2025 seminar flyer as the only trace of MIMAS, and no published results.

The Verdict

An investment the public cannot evaluate

Delmic is an established, award-winning instrument maker with a cryo product researchers use. But the specific thing the EIC chose to fund, MIMAS, has surfaced only in a 2025 seminar flyer, and the €4 million round the EIC Fund joined in 2023 was announced without any mention of it. For equity-only awards, that silence is the norm, and it should not be.

Delmic has not been asked for comment for this article. It is based entirely on public records, company statements and EU publications, linked throughout.

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