Rasph

Xeltis and the EIC Accelerator: Blood Vessels That Rebuild Themselves

September 29, 2026943 words5 min

Coronary bypass surgery, Xeltis notes, typically involves harvesting multiple vein grafts, which is painful and carries a high risk of complications. The Eindhoven company makes grafts from materials it calls Restorex, which it says "trigger the body's natural healing response", transforming into living tissue, a process it calls endogenous tissue restoration.

The European Innovation Council granted €2,481,701 towards a €4.21 million project, HeartRestore, to test its coronary artery bypass graft, XABG, in patients, and the EIC Fund invested €12.5 million in 2023. The project enrolled 15 patients; the first three in the EU saw their grafts block within 30 days before fixes were tested. XABG is not yet approved. Xeltis's first product to reach the market is a different graft, aXess for dialysis access, which received a CE mark in April 2026.

€2.48MEIC grant, 59% of a €4.21M project
€12.5MEIC Fund investment, October 2023
15XABG first-in-human patients enrolled
Apr 2026CE mark for aXess dialysis graft

Company file

Legal entity
Xeltis BV, Eindhoven, Netherlands
CEO
Eliane Schutte
Platform
Endogenous tissue restoration with Restorex polymers
Products
aXess (dialysis, CE marked); XABG (bypass, in trials); pulmonary valve conduit
US status
aXess: FDA Breakthrough Device; US pivotal trial over half enrolled
Investors
EIC Fund, EIB, Grand Pharma, others
EIC project
HeartRestore, 1 Dec 2022 to 30 Nov 2025
EIC funding
Blended finance

Where Xeltis Stands Today

With the aXess CE mark, granted "in just 84 working days from submission" according to the company, Xeltis moved from a clinical-stage to a commercial-stage company in Europe. In July 2026 it reported more than 50% enrolment in the US pivotal trial of aXess and announced another €20.5 million of funding to advance it toward FDA approval and a US launch, according to its news page. Its site also lists financing of nearly €50 million from the European Investment Bank and existing shareholders. The dialysis provider DaVita welcomed the CE mark.

The Technology: A Graft That Becomes a Vessel

For bypass surgery, the company says there are no approved off-the-shelf small-diameter grafts with good patency. In July 2025 it reported positive early safety and patency data for XABG in the EU trial, and patency with "excellent flow" at 24 months in an earlier trial.

"Receiving CE mark approval for aXess is a defining moment for Xeltis and a strong validation of our revolutionary restorative technology platform."

Eliane Schutte, CEO, Xeltis, April 2026

What the EIC Project Promised, and What CORDIS Shows

HeartRestore promised "next-generation heart bypass grafts to naturally restore cardiovascular function". The CORDIS report is candid: the "initial 3 EU patients experienced graft occlusion at 30 days", and a seven-patient trial in Paraguay was run to validate fixes, including a shorter device, an external sealant and a heparin coating. It reports that Xeltis became "the first company in the world to show patent CABG conduit at 6-months of follow-up", that Germany's BfArM approved trial expansion, and that CE marking remains the target.

  1. First-in-human bypass trialsDelivered15 patients enrolled.
  2. A durable open graftPartialEarly occlusions; later patent grafts.
  3. CE mark for XABGNot yetStill the target.
  4. Company reaches marketDeliveredaXess CE mark, 2026.

What Has Happened Since the Award

The Money

Xeltis announced €15 million from the EIC Accelerator, and in October 2023 the EIC Fund invested €12.5 million in the final close of its D2 round. It has also raised money from the European Investment Bank, Grand Pharma and existing investors. Its revenue is not public.

What cannot be checked

How many XABG patients now have open grafts and for how long, aXess sales since the CE mark, and Xeltis's total funding and finances are not public in the sources we used.

Why Europe Should Care

An off-the-shelf graft that turns into living vessel would offer an alternative to harvested veins in bypass surgery and to existing dialysis access grafts. The EU has backed Xeltis through the EIC grant, the EIC Fund and the EIB. The EIC-funded bypass graft has had a harder path than expected; the company's commercial breakthrough came with its dialysis product.

What the project promised

Next-generation bypass grafts that naturally restore cardiovascular function.

What the record shows

A 15-patient bypass programme with early failures and later successes, and a CE-marked dialysis graft.

The Verdict

The company advanced, the bypass graft lags

HeartRestore produced honest, mixed results for the coronary graft, which is still far from approval. Xeltis as a whole, with EU equity behind it, has reached the market with aXess. For the EIC, the investment looks promising; the specific project it funded has not yet delivered its product.

Xeltis has not been asked for comment for this article. It is based entirely on company statements and EU project data, linked throughout.

Start with the EIC Accelerator

Professional proposal writing and expert review for Step 1 and Step 2.

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#Xeltis#HeartRestore#XABG#aXess#vascular grafts#regenerative medicine#EIC Fund#Netherlands
Loading