AkknaTek and the EIC Accelerator: Cataract Tech Into Insolvency
AkknaTek, a Kaiserslautern start-up founded and run by Edgar Janunts, developed optical imaging to check the position of artificial lenses implanted during cataract surgery. Its EIC project promised three modules: pre-operative screening to pick the right lens, image guidance during surgery, and a post-operative system to measure the lens position and help surgeons re-align it, "for the first time guaranteeing best possible results for every lens implanted", according to CORDIS.
The European Innovation Council granted €2,289,875 towards a €3.27 million project from May 2023 to April 2025. The final report is three short paragraphs: it says AkknaTek was running a multicentre clinical study on how lens position affects vision, and gives no results. On 28 July 2025, three months after the project ended, the Kaiserslautern local court appointed a provisional insolvency administrator (case 1 IN 134/25). A financing extension that had already been promised "was withdrawn at short notice", the administrator's law firm, Schultze & Braun, said in a statement.
Company file
- Legal entity
- AkknaTek GmbH, HRB 32759, Kaiserslautern
- Founder and CEO
- Edgar Janunts
- Product
- Lens Reviewer
- Shareholders named
- S-IFG Rheinland-Pfalz, AkknaTek Lux Sàrl
- Insolvency case
- 1 IN 134/25, Kaiserslautern; administrator Jürgen Erbe, Schultze & Braun
- EIC project
- 1 May 2023 to 30 Apr 2025, closed
- EIC funding
- Blended finance
Where AkknaTek Stands Now
The provisional administrator and the founder launched an international search for an investor in September 2025, saying the company could only survive long term if an investor came in. The commercial register recorded AkknaTek in liquidation on 6 October 2025, according to North Data. Court notices in the case were still being published in May and June 2026, InsolvenzIndex shows. No investor rescue has been announced. The company's website still invites clinics to request a demo; its latest news item is from April 2025.
The record
From EIC project to insolvency court in three months
AkknaTek's EIC project ended in April 2025. In July a promised financing extension was withdrawn at short notice and the company filed for insolvency; the register recorded it in liquidation in October 2025.
- Apr 2017Company registeredLater moved to Kaiserslautern
- Sep 2020Luminate investmentOptics accelerator, Rochester
- Oct 2022EIC Accelerator cut-offNext level cataract surgeryblended finance
- May 2023EIC project starts€3.27M project€2.29M grant
- Apr 2025EIC project endsLens Reviewer shown at ASCRS
- 28 Jul 2025Provisional administratorKaiserslautern court, 1 IN 134/25
- Sep 2025Investor searchEight staff, pay covered to end September
- 6 Oct 2025LiquidationEntered in the commercial register
CORDIS, North Data, Schultze & Braun and AkknaTek.
"It is already clear that the company can only continue economically in the long term if an investor comes on board."
Jürgen Erbe, provisional insolvency administrator, September 2025 (translated)The Technology: Checking the Lens Inside the Eye
Advanced intraocular lenses can free patients from glasses, but they must sit precisely; tilt and decentration are often underestimated because there is no standard way to measure them, AkknaTek says. Its Lens Reviewer uses contactless infrared imaging of reflections from the cornea and lens surfaces to calculate the lens's 3D position within one second, the administrator's statement says. The device had European market approval, was in a study-based trial phase and was going through US approval when the company filed for insolvency.
The gap
Months of EIC project versus months until insolvency
The EIC project ran 24 months. The provisional insolvency administrator was appointed about three months after it ended.
CORDIS; Kaiserslautern local court via North Data.
What the EIC Project Promised, and What CORDIS Shows
The EIC project
The EU paid 70% of a €3.3M project
The project ran from May 2023 to April 2025. CORDIS lists it as closed.
CORDIS project 190126119. Values in € millions.
The project promised a three-part system covering the whole operation. The public record shows one part, the post-operative Lens Reviewer, as a product. The final report does not mention the screening or surgical guidance modules, gives no clinical results and does not state how many devices were placed. CORDIS lists the project as closed.
- Post-operative deviceDeliveredLens Reviewer, EU approval.
- Screening and guidance modulesUnverifiedNot in report.
- Multicentre clinical studyRunningNo results published.
- Market launchMissedAdministrator appointed before sales.
The Money
AkknaTek received €500,000 of Covid-19 state aid in 2020 and an investment from Luminate, a New York optics accelerator, the same year, according to North Data and the company's news page. Its shareholders include S-Innovations-Beteiligungsfinanzierungsgesellschaft Rheinland-Pfalz (S-IFG). The withdrawn financing extension left it without the means "to start sales under its own steam", the administrator's statement says. Who withdrew it, and whether the EIC Fund invested under the blended award, is not public.
The money
Public money recorded for AkknaTek
The EIC grant and Covid-19 state aid listed in public records. Private investment amounts, including Luminate's, were not disclosed.
CORDIS; North Data. Values in € millions.
What Cannot Be Checked
Questions for the EIC
Whether the EIC Fund had committed equity, whether it was the withdrawn financing, what happened to the screening and surgical modules, and what creditors will recover are not public.
Why Europe Should Care
Cataract surgery is one of the most common operations in the world. The EIC paid for a European device to make lens implants more accurate. According to the administrator's law firm, a promised financing extension was withdrawn, leaving the company without the means to start sales under its own steam, and the device has not reached the market.
What the project promised
A three-module imaging system to control lens position before, during and after cataract surgery.
What the record shows
One approved post-operative device, an unfinished study, and insolvency three months after the grant ended.
The Verdict
Built, then insolvent
AkknaTek built and certified a device with EIC money but could not fund its launch. The EIC's public record says almost nothing about what the grant achieved.
AkknaTek, its insolvency administrator and the EIC have not been asked for comment for this article. It is based entirely on public records and published statements, linked throughout.
Industry
HealthMedical devices
- Focus
- Ophthalmic devices
- Technologies
- Optics
- Keywords
- Cataract surgery
- Intraocular lenses
- Lens alignment
- Ophthalmology