/Investors

HEC Paris Incubator

Accelerator

Jouy-en-Josas · Pre-Seed–Seed · 8 people tracked

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Investment thesis

The Institute concentrates HEC Paris's entrepreneurial resources to support innovators across all profiles, from early-stage startups and unicorns to SMEs, corporates in transformation, and social or environmental entrepreneurs. It operates three centers: an Incubation & Acceleration Center empowering entrepreneurs to build ventures and connect communities; a Deep Tech Center backing science-based innovation in biotech, AI, quantum, climate and space; and a Social Entrepreneurship Center promoting a solidarity economy that generates positive impact and structural change. Through numerous programs, incubators and accelerators, it provides mentorship, business expertise and funding pathways to help founders grow with ambition, efficiency and impact.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Seed
HQ
Jouy-en-Josas, FR
Founded
2011
Portfolio companies
49
Acquisitions
1

Team · 8 people

from the firm's website
Aymeric Penven· Executive Directorin
Emma Cochrane· Director of Strategic Projectsin
Emma France· Director of Impact Development
Inge Kerkloh Devif· Senior Executive Directorin
Jean-Rémi Gratadour· Climate Academic Directorin
Nathalie Riond· Director of Pedagogyin
Thiago Penteado· Marketing & Communication Directorin

What they invest in

from 21 of 49 portfolio companies

Deep Tech ×12AI & Machine Learning ×8Hardware ×6Space Tech ×6New Materials ×4Advanced Manufacturing ×3Cleantech ×3EdTech ×3

HQs:France×4Germany×3United States×2Australia×1Canada×1United Kingdom×1

Who they back

founder profiles across 11 portfolio companies
64%
solo founders
7 of 11 mapped founding teams
42%
repeat founders
of 12 founders with career history

Founding team size:solo founder×72 founders×13 founders×14+ founders×2

What their founders studiedfrom 11 founders with field-of-study data

Engineering ×9

Where their founders worked beforefrom 12 founders with career history

AUDI AG ×2Georgia Institute of Technology ×2Georgia Tech Research Institute ×2

Portfolio companies · 49 tracked

alumni founders can tell you what the program is really like
Applied Atomicswixsite.com

Applied Atomics develops, builds and operates 100 MW-1 GW light-water nuclear plants co-located with industrial customers.

Ben Kellie(Founder)in

Co-investorsApollo Informal InvestmentElevate VenturesInnovation UBCInventures Investment PartnersLotte VenturesPix Vine Capital+8 more

Asynchronicsasynchronics.comin

Asynchronics develops NeXosim, a simulation framework for space systems that enables high-fidelity modeling and validation of spacecraft and satellite hardware.

Deep TechDeveloper ToolsSpace Tech

Adam Chikha(Co-Founder & CEO)in

Co-investorsCreative Destruction Lab (CDL)Heartfelt CapitalSunfish Partners

Co Reactiveco-reactive.comin

Co-reactive develops a carbon mineralization process that converts CO2 and silicate feedstock minerals into CO-SCM, a carbon-negative Supplementary Cementitious Material used to make lower-carbon cement and concrete.

CleantechClimate TechNew MaterialsErkrath, DE

Andreas Bremen(Co-founder)inOrlando Kleineberg(Co-founder)inWilli Peter(Co-founder)in

Co-investorsAFI VenturesCreative Destruction Lab (CDL)EvercuriousVCVentech

Creative Destruction Labcreativedestructionlab.comin𝕏

Creative Destruction Lab (CDL) is a global startup program for seed-stage, science-based companies that pairs founders with experienced entrepreneurs, angel investors, economists, and scientists through an objectives-based mentoring process.

AI & Machine LearningDeep TechEdTechSector AgnosticToronto, CA

Ajay Agrawal(Professor (founder of the CDL program))inSonia Sennik(Chief Executive Officer)in

Co-investorsBeyond Earth VenturesScale AIUniversity System of Maryland Momentum Fund

DAMAE Medicaldamae-medical.comin

Damae Medical develops deepLive, a non-invasive skin imaging system based on LC-OCT (Line-field Confocal Optical Coherence Tomography) that produces 3D histology-like and confocal-like images of skin tissue.

Deep TechDigital HealthMedical Devices

Anaïs Barut(Co-founder & CEO)inDavid Siret(Co-founder & CTO)inArnaud Dubois(Co-founder & CSO)in

Co-investorsParis-Saclay Seed FundIdinvest PartnersKurma PartnersPartech Ventures

DutyAdvisordutyadvisor.com

DutyAdvisor is an insurtech company offering software that structures the "devoir de conseil" (advisory duty) for insurance intermediaries such as general agents and brokers.

FintechInsurTechSaaS

Genominesgenomines.comin

Genomines uses biological systems to extract battery-grade nickel from low-grade soils, producing critical metals at lower cost and environmental impact than traditional mining.

BiotechCleantechEnergyNew MaterialsParis, FR

Fabien Koutchekian(CEO)inDali Rashid(CTO)in

Co-investorsCarbonDeepTech & Climate FondsEntrepreneur FirstForbionLOWERCARBONLowercarbon Capital+8 more

Heatrix GmbHheatrix.dein

Heatrix develops ultra-compact electric air heaters that replace gas burners in high-temperature industrial processes, reaching air temperatures up to 1500 °C using renewable electricity.

Advanced ManufacturingCleantechEnergy

Icarus Robotics Corporationicarusrobotics.com

Icarus Robotics develops autonomous robots for space that use embodied AI, starting with human-in-the-loop control and learning from demonstration to handle tasks such as cargo handling and orbital construction.

AI & Machine LearningRoboticsSpace TechSan Francisco, US

Ethan(Co-founder)inJamie(Co-founder)inEthan Barajas(CEO)inJamie Palmer(CTO)in

Co-investorsEntrepreneur FirstTranspose Platform ManagementSoma Capital

Incubateur HEC Parishec.frin

HEC Paris is a business school offering master's programs, MBA, and executive education initiatives.

EdTechParis, FR

Isentroniqisentroniq.comin

iSentroniq develops dense, near-heatless cryogenic wiring aimed at overcoming scalability limits in quantum computing hardware.

Deep TechHardwareQuantum Computing

Co-investorsAgoranovHeartcore CapitalKima VenturesOVNI CapitalBetter Angle

Mykormykor.co.ukin

MyKor is a female-founded company with a team experienced in construction, manufacturing, materials science, engineering and biotechnology.

BiotechCircular EconomyConstruction TechNew Materials

Valentina D.(Founder)in

Co-investorsClean Growth FundGreen Angel VenturesSustainable VenturesThe FSE GroupRumbo Ventures

Outscaleoutscale.comin𝕏

OUTSCALE, a brand of Dassault Systèmes, provides sovereign cloud infrastructure, a low-code business process platform, and AI-powered virtual twin services for companies, healthcare institutions, and public organizations.

AI & Machine LearningCloud ComputingCybersecurityEnterprise Software

Philippe MILTIN(CEO)in

PhaseTreephasetree.aiin

PhaseTree provides a materials design platform that combines physics-based simulation with AI modeling to help users discover and optimize materials without coding.

AI & Machine LearningDeep TechNew Materials

Co-investorsHeartcore Capital

Prospectralprospectral.techin𝕏

Prospectral develops next-generation spectral imaging cameras using multimodal and metasurface-mediated sensing for computer vision applications.

AI & Machine LearningDeep TechHardware

Dr Gwenhivir Wyatt-Moon(CEO)Dr Tom Albrow-Owen(CTO)Dr Oliver Burton(CSO)Dr Peter Christopher(CIO)

Co-investorsUnruly Capitalfirstminute capital

Reditus Spacereditus.spacein𝕏

Reditus Space builds reusable spacecraft systems that enable routine return of cargo from low Earth orbit, supporting in-space manufacturing and physical industrialization of space.

Advanced ManufacturingDeep TechDefense TechHardwareSpace TechAtlanta, US

Stef Crum(Founder)inWill Sherman(CTO, Co-Founder)in

Co-investorsY CombinatorAntlerAera VCTRAC (Third Round Analytics Capital)Transpose Platform Management468 Capital

SpaceRakespacerake.net

SpaceRake develops small form factor laser (optical) communication technology for connecting satellites, drones, and similar platforms.

Deep TechHardwareSpace Tech

Co-investorsTitletownTech

Station Fstationf.coin𝕏

STATION F is a startup campus in Paris housing over 1,000 startups per year along with innovation partners, offering support services to help them grow.

Future of WorkSector AgnosticParis, FR

Xavier Niel(Founder)in

TakeMe2Spacetm2.spacein

TakeMe2Space builds satellite infrastructure for orbital compute, enabling data processing closer to the source in space.

AI & Machine LearningData & InfrastructureDeep TechHardwareSpace Tech

Ronak Kumar Samantray(Founder)in

Co-investorsChiratae VenturesArtha Venture FundSeafundUnicorn India Ventures

Tumtum.dein𝕏

The TUM Institute for LifeLong Learning offers advanced and continuing education degree programs for working professionals through the Technical University of Munich, focused on transferring academic research into practice and upskilling in areas such as management, leadership, and technology.

AI & Machine LearningDeep TechEdTechMunich, DE

VXB Aerospacevxbaerospace.comin

VXB Aerospace develops software using generative capabilities to help engineers design custom components involving complex multi-physics, such as antennas, electronics, and plasma propulsion.

Advanced ManufacturingAI & Machine LearningDeep TechDefense TechHardwareSpace TechEveleigh, AU

Alexander Ryan(CEO & Co-Founder)in

Co-investorsFulcrum VentureTechstarsJelix Ventures

zero thirdzerothird.com

zerothird builds entanglement-based quantum key distribution (QKD) cryptography to protect critical infrastructure, generating identical keys by distributing entangled photons to endpoints so any eavesdropping is detectable.

CybersecurityDeep TechQuantum Computing

Co-investorsHansmann Family OfficeOnsight Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AlphaguardAXIAS AICaplyzerCisLunar IndustriesCURADiffraqtionDocloopGroupe Point VisionHyperios TechnologiesImpact Space Expedition and Exploration (iSEE)IntellaLeetchiLinq PhotonicsM4LIFEMoon PhotonicsNeuronovaNorthern Waves ABORIS SRLPropel SpaceRhonexumShopcadeStratotegicUedValence TechnologiesVolar AltaWarpWareYolo

Exits · 1

1 acquisitions

Leetchiacq. by Crédit Mutuel Arkéa

Frequently asked questions

How many investments has HEC Paris Incubator made?
HEC Paris Incubator has 49 tracked investments, 1 of which have exited.
What stage does HEC Paris Incubator invest at?
HEC Paris Incubator invests at the Pre-Seed, Seed stages.
What sectors does HEC Paris Incubator focus on?
HEC Paris Incubator focuses on AI & Machine Learning, Biotech, Cleantech, Climate Tech, Deep Tech, Impact & Social Good, Quantum Computing, Robotics, Sector Agnostic, Semiconductors, Space Tech.
Where is HEC Paris Incubator located?
HEC Paris Incubator is headquartered in Jouy-en-Josas, FR.
Who does HEC Paris Incubator co-invest with?
HEC Paris Incubator most often shares deals with Creative Destruction Lab (CDL), Heartcore Capital, QDNL Participations, among 35 tracked co-investors.

Media · Podcasts & interviews

from their channel

Climate Adaptation or Mitigation? Both | Fernando J. Díaz López | HEC Paris

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HEC Talks: Do Ideas Become Harder to Find with Philippe Aghion at HEC Paris

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Diriger à l’ère de l’IA : les compétences qui feront la différence | Reskill Masterclass I HEC Paris

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MBAT 2026: Europe’s Biggest MBA Tournament | HEC Paris

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Elsa Da Costa : Pourquoi l’engagement doit devenir l’affaire de tous | HEC Paris

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Leadership, carrière, engagement : Retour sur le parcours de Julien Hueber, CEO de Nexans

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