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A Second Look at Walk With Path's EIC Accelerator Smart Insoles

October 7, 20262,355 words12 min

People with diabetic or age-related neuropathy lose feeling in the soles of their feet, and with it much of their sense of where the ground is. Walk With Path, a small Danish-British company founded by the designer Lise Pape, set out to give that feeling back with an insole that vibrates when the foot lands. In the European Innovation Council's 5 June 2019 cut-off, the last rounds still run as the EIC SME Instrument Phase 2, the company was selected for a grant-only award for Path Feel, listed in the Commission's list of winners as "Walk With Path" of Copenhagen. No other company is named for the project.

The grant agreement was signed on 29 October 2019. The EU contribution was €2,293,900 towards a total cost of €3,277,000, according to CORDIS. The promise in the project summary was plain: finish the prototype, validate it, certify it, and introduce it to the market after the project ended. The insole was built and tested. Seven years after selection, the company's own product page still calls it "coming soon".

€2.29MEU grant for Path Feel, 2019
22Men with neuropathy in the published insole study
0FDA 510(k) clearances found for the company
-£382,691UK parent's shareholders' funds, end of 2025

Company file

Grant holder
Walk With Path Europe ApS, CVR 39525011, Copenhagen, founded 16 April 2018
Parent
Walk With Path Limited, company 09300637, England and Wales, incorporated 7 November 2014
Founder
Lise Pape, director of both companies
Products
Path Finder laser shoes for Parkinson's (on sale); Path Feel insoles (not on sale)
Staff
7 at the UK parent and 2 at the Danish company, 2025 averages
EIC project
Path Feel, EIC SME Instrument Phase 2, cut-off 5 June 2019, grant only
EIC Fund
Not in the portfolio

Where Walk With Path Stands Now

Both companies in the group are active and file their accounts on time. Walk With Path Limited filed its 2025 accounts at Companies House in July 2026. Walk With Path Europe ApS, the Danish company that signed the EU grant, is registered as active and wholly owned by the British parent, according to the Danish register as shown by FirmaAPI, and it filed its 2025 annual report on 30 June 2026 with the Danish Business Authority. North Data labels the Danish company "liq", based on a compulsory dissolution entry from 2018; the register shows that status was lifted on 1 December 2018 and the company has filed every year since.

The company sells one product. Its web shop offers Path Finder, a strap with a laser that projects a line in front of the shoe to help people with Parkinson's disease restart walking when their gait freezes. Path Feel is shown, but not sold. It has also been repositioned: the company now describes it as a set of insoles, an app and a clinician dashboard to prevent diabetic foot ulcers by measuring plantar pressure and temperature, with vibration for balance as one feature among several.

How the Insole Works

The insole contains pressure sensors and inertial measurement units, which track how the wearer walks, and vibrating elements that stimulate the sole when the foot touches the ground, according to the project's CORDIS results summary. Data passes through a phone app to the cloud and to a clinician's dashboard. "The insoles vibrate, helping to provide enhanced sensation for people who have lost sensation in their feet," Pape told CORDIS. The company's final report argued that the alternative, insoles with sensors only, are "passive and do not provide a therapeutic benefit in real-time".

"People with neuropathy have a 20 times higher risk of falling than others of the same age."

Lise Pape, founder and chief executive, CORDIS Results in Brief, 2023

The headline efficacy claims in the grant summary, that the insole improved the balance and mobility of 92% of users and cut their risk of falls by 50%, came from the company's own pre-clinical work and are not linked to any publication on CORDIS. The independent evidence is narrower. In a randomised crossover study at Manchester Metropolitan University, published in Diabetes Care in 2024, 22 men with diabetic peripheral neuropathy walked on level ground and stairs with and without vibrating insoles. Gait speed on stairs increased under three of seven vibration settings, and standing balance with eyes closed improved under four, according to the university's summary reprinted by Diabetes Times. The study measured immediate effects in one session; it did not measure falls.

What the EIC Project Promised, and What the Record Shows

The project ran from 1 November 2019 to 31 December 2022. It was planned for two years and extended into a third because, Pape told CORDIS, recruiting people with diabetes for trials became difficult during the COVID-19 pandemic and electronic components were hard to source. The final periodic report says the clinical study was completed "with good results", gait algorithms were built into the insole firmware, the insole design was finalised "for the MVP status", design-for-manufacturing documents were written and "production took place". It planned "to pilot launch in the US with a commercial partner in March 2023, and to commence NHS pilots around the same time". Pape added in the 2023 CORDIS summary that "We've not yet done full-scale commercial production" and that work was under way on a submission to the US Food and Drug Administration. A new patent application was filed during the project.

Neither the US launch nor an FDA decision has been announced since. The FDA's public 510(k) database returns no clearance for an applicant named Walk With Path, and its establishment registration database returns no listing either. No CE marking for Path Feel was found on the company's site or elsewhere. In March 2024 Pape told Startups Magazine that the company was "on the cusp of going from being very R&D heavy, to becoming more commercially driven", with a US launch planned the following year through a commercial partner in diabetes. In October 2026 the product page still says "coming soon".

  1. Finish the prototype, ready for manufactureDeliveredMVP design, manufacturing documents and a production run, per the final report.
  2. Clinical validationDeliveredPeer-reviewed crossover study in Diabetes Care, 2024, with 22 participants.
  3. CertificationNot achievedNo FDA clearance on record; no CE marking announced.
  4. Market launch after the project (US pilot, March 2023)Not achievedStill "coming soon" on the company's site in October 2026.
  5. NHS pilotsResearch onlyA 120-patient trial at the Royal Free, not a commercial pilot.

What Came After the Grant

The insole work continued on public money and in hospital research. In July 2022 Walk With Path Limited won £599,229 in the "Delivering a net zero NHS" competition of SBRI Healthcare to test whether the sensor insoles and a telemedicine platform could prevent diabetic foot ulcers and cut patients' travel to clinics. The Royal Free Hospital NHS Foundation Trust began a randomised trial of the insoles, now called Path Active, against usual podiatry care in April 2024, with Walk With Path as industry collaborator and 120 participants planned, according to ClinicalTrials.gov; the record, last updated in April 2025, gives an estimated completion in March 2026, and no results are posted. A separate study of the clinician dashboard in knee replacement patients, sponsored by Imperial College London, received a favourable ethics opinion in October 2023, according to the Health Research Authority.

The Danish company is also a partner in WAge, a Horizon Europe project on healthy working environments coordinated by SINTEF, with a net EU contribution of €405,150 from December 2023 to November 2027, according to CORDIS. In 2026 it received Danish state aid of DKK 2,249,000 for "International Collaborations 2026-2028" and DKK 999,600 under Innobooster, according to North Data; no second source for these awards was found.

In the same year, Path Finder won the European Commission's €1 million Horizon Prize for Social Innovation in September 2019, which Pape said she would use to expand in Europe and enter the US, according to Horizon Magazine and ioplus. The ioplus report names Nuala Burke alongside Pape as a founder; the company's own site and the Commission name only Pape.

How much private money?

No priced equity round or named investor could be found. Public profiles disagree: TechCrunch, where the company pitched at Startup Battlefield Europe 2018, lists $4.2M raised as of 1 January 2025; Nordic Asian Venture lists EUR 3 million and names "angel investors, grants"; CB Insights lists $760K over 7 rounds. None of the three says how much of its total is grants or prizes. The UK parent's paid-in share capital and premium totalled £240,211 at the end of 2025.

The Money

The group's two sets of accounts tell different stories. The British parent, which files only a balance sheet, invested £430,335 in its subsidiary in 2021 and took on £659,993 of other loans due in two to five years in 2022. Its shareholders' funds have fallen every year since 2019 and were negative from 2023, reaching minus £382,691 at the end of 2025, when it had £17,941 in the bank, according to its filed accounts. Its average staff peaked at 11 in 2024 and fell to 7 in 2025.

The Danish grant holder ended 2019, two months into the EIC project, with DKK 8,971,451 in cash and short-term liabilities of DKK 10,241,210. Its equity moved from minus DKK 2,970,849 at the end of 2020 to DKK 2,511,817 a year later; with a 2021 profit of DKK 2,018,929, that implies about DKK 3.46 million of new capital, the year its share capital rose to DKK 87,878, according to the annual reports at the Danish Business Authority. In 2025 it lost DKK 399,397, its cash fell from DKK 3,004,084 to DKK 1,626,705, and it had an average of two employees. Management called the result "unsatisfactory" and said it expected a profit in 2026.

Why Europe Should Care

The grant summary set out the case: the EU population aged 65 and over was projected to reach 88 million by 2030, and falls among older people and people with diabetes, Parkinson's disease or multiple sclerosis put a heavy load on health systems. The Commission backed the same company twice in 2019 on that argument, with the Horizon Prize for mobility of older people and the Path Feel grant. Prevention of diabetic foot ulcers, the insole's newer target, matters too: the Manchester researchers put the number of people with diabetic neuropathy worldwide at 270 million.

The record also shows where the work went. The EU grant was signed by the Danish company, but €618,140.25 of it was paid to the British parent as a linked third party, the later clinical and NHS work ran through British institutions, and the company's website now gives an address in Essex. Since the end of the EU project, the insole has been developed mainly through UK health research, while the Danish company's staff fell to two.

What the company said

A certified insole on the market after the project, a US pilot launch in March 2023 and NHS pilots at the same time.

What the record shows

A working insole and a positive one-session study, more trials, no clearance on record, no sales and a parent company with negative equity.

The Verdict

Built and tested, not brought to market

Walk With Path used the EIC grant to turn a fragile prototype into a manufacturable insole and to back it with a peer-reviewed study. The part of the plan that would have reached patients, certification and a launch, has not happened in the almost four years since the project ended, and the company still lives mainly on grants.

Walk With Path has not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.

Industry

HealthMedical devices

Focus
  • Assistive devices
Technologies
  • Haptics
  • Motion sensing
Keywords
  • Peripheral neuropathy
  • Smart insoles
  • Diabetic foot ulcers
  • Fall prevention
  • Inertial sensing

Start with the EIC Accelerator

Expert review for Step 1 and Step 2, suitability assessment and grant screening.

Eureka Network

Eureka Network offers multiple international collaborative R&D programs including Network Projects, Clusters, Eurostars, Globalstars, and Innowwide, with funding ranging from €50K to €6.75M per project depending on the specific program. The network focuses on market-driven innovation and deep-tech development across diverse technology sectors including ICT/Digital, Industrial/Manufacturing, Bio/Medical Technologies, Energy/Environment, Quantum, AI, and Circular Economy. Applicants include SMEs, large enterprises, research organizations, universities, and startups, with Eurostars specifically targeting R&D-performing SMEs.

EIC Transition

EIC Transition provides up to €2.5 million in funding to bridge the 'valley of death' between laboratory research and market deployment, focusing on technology maturation and validation. The program supports single legal entities or small consortia of 2-5 partners including SMEs, start-ups, spin-offs, and research organizations. Technology areas include Health/Medical Technologies, Green/Environmental Innovation, Digital/Microelectronics, Quantum Technologies, and AI/Robotics.

EIC STEP Scale-Up

EIC STEP Scale-Up offers substantial equity investments of €10-30 million for established deep-tech companies ready for hyper-growth and large-scale expansion. The program targets SMEs or small mid-caps with up to 499 employees who have secured pre-commitment from qualified investors. Focus areas include Digital & Deep Tech (Semiconductors, AI, Quantum), Clean Technologies for Net-Zero goals, and Biotechnologies.

EIC Pre-Accelerator

EIC Pre-Accelerator is a pilot program providing €300,000-€500,000 in funding for early-stage deep-tech development and preparation for the EIC Accelerator program. The initiative is exclusively available to single SMEs or small mid-caps from 'Widening countries' to support regional innovation development. The program covers deep-tech innovations across physical, biological, and digital domains.

EIC Advanced Innovation Challenges

EIC Advanced Innovation Challenges is a new pilot program offering €300,000 (Stage 1) and up to €2.5 million (Stage 2) for breakthrough deep-tech solutions through ARPA-style staged funding with demand-side integration. The program targets single entities or small consortia (2-3 partners) including SMEs, start-ups, and research organizations. Focus areas include Physical AI for autonomous robotics and New Approach Methodologies (NAMs) for animal-free biomedical testing, requiring TRL 4 entry with end-user commitment.

EIC Pathfinder

EIC Pathfinder offers up to €3 million for Open calls and up to €4 million for Challenge-based calls to support early-stage research and development with proof-of-principle validation. The program requires research consortia with a minimum of 3 partners from 3 different countries, including universities, research organizations, and SMEs. Technology focus areas include Health/Medical, Quantum Technologies, AI, Environmental/Energy, and Advanced Materials.

EIC Accelerator

EIC Accelerator provides flexible funding options including blended finance (€2.5M grant + €0.5M-€10M equity), grant-only (up to €2.5M), or equity-only arrangements for scale-up and market deployment of breakthrough innovations. The program targets SMEs, start-ups, and small mid-caps with up to 499 employees, with MedTech/Healthcare representing 35% of funded projects. Other technology areas include Biopharma, Energy, AI, Quantum, Aerospace, Advanced Materials, and Semiconductors.

Innovation Partnership

Innovation Partnership facilitates collaborative innovation between public and private sectors with typical funding of €1-5 million per project. The program supports cross-sectoral strategic technologies through public-private partnerships and consortia. Projects focus on addressing societal challenges through collaborative innovation approaches.

Innovation Fund

The EU Innovation Fund provides substantial funding of €7.5 million to €300 million for large-scale demonstration of innovative low-carbon technologies. The program targets clean energy, carbon capture, renewable energy, and energy storage technologies to accelerate the transition to a low-carbon economy. Applicants include large companies, consortia, and public entities capable of implementing large-scale demonstration projects.

Innovate UK

Innovate UK offers various programs with funding ranging from £25K to £10M depending on the specific initiative, supporting business-led innovation, collaborative R&D, and knowledge transfer. The organization funds projects across all sectors with particular focus on emerging technologies and supports UK-based businesses, research organizations, and universities. Programs are designed to drive economic growth through innovation and technology commercialization.

Industrial Partnership

Industrial Partnership provides €2-10 million in funding for industrial research and innovation partnerships focusing on manufacturing, industrial technologies, and digital transformation. The program supports industrial consortia and research organizations in developing collaborative solutions for industrial challenges. Projects aim to strengthen European industrial competitiveness through strategic partnerships.

Eurostars

Eurostars is a joint EU-Eureka program offering €50K-€500K for international R&D collaboration specifically led by SMEs. The program takes a bottom-up approach, accepting projects from all technology fields without predefined thematic restrictions. R&D-performing SMEs must lead the consortium and demonstrate significant R&D activities.

LIFE Programme

The LIFE Programme provides €1-10 million in funding for environmental protection, climate action, and nature conservation projects across the European Union. The program supports environmental technologies, climate adaptation strategies, and biodiversity conservation initiatives. Applicants include public authorities, private companies, NGOs, and research institutions working on environmental and climate challenges.

Neotec

Neotec is a Spanish program offering €250K-€1M in funding for technology-based business creation and development, supporting the growth of innovative Spanish SMEs and start-ups. The program covers all technology sectors and aims to strengthen Spain's technology ecosystem. Funding is specifically targeted at Spanish technology-based SMEs and start-ups to enhance their competitiveness and market presence.

Thematic Priorities

EU Thematic Priorities encompass various programs aligned with EU strategic priorities including green transition, digital transformation, health, and security initiatives. Funding amounts vary based on the specific program and call requirements, with projects designed to address key European challenges. Applicant eligibility varies by specific program and call, with different requirements for different thematic areas.
EIC AcceleratorBeneficiary Deep Dive#Walk With Path#Path Feel#smart insoles#peripheral neuropathy#diabetic foot#Parkinson's disease#Denmark#United Kingdom
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