The EIC Accelerator Backed Avy's Medical Drone: Did It Work

14 October 20262,509 words13 min

In March 2020 the European Innovation Council picked an Amsterdam drone maker to solve a hospital logistics problem: blood bags, lab samples and urgent drugs stuck in traffic. Avy B.V. was one of the winners of the March 2020 cut-off of the EIC Accelerator pilot, listed with a grant-only award for SkySaver, "the electric VTOL-fixed wing drone for urgent medical delivery", in the European Commission's list of selected companies. Avy is the only company named for the project. CORDIS records an EU contribution of €1,385,125 towards a total cost of €1,978,750, for a project that ran from 1 August 2020 to 31 July 2022.

The promise was concrete: a drone that could carry clinical specimens, blood, drugs and vaccines over up to 150 km, on average 30% faster than a road courier and 60% faster at rush hour. Six years on, Avy is still in business and still sells a winged electric drone. Its buyers, though, are mostly police forces, fire brigades, ports and research bodies, and the Dutch hospital drone network it helped test in 2020 now flies a competitor's aircraft.

€1.39MEU grant for SkySaver, 70% of the project cost
€1.12MGroup revenue in 2024, up from €0.65M in 2023
-€2.24MGroup net result in 2024
€2.4MMulti-year port data contract, April 2026

Company file

Legal entity
Avy B.V., KvK 64101339, a BV since 20 April 2016; held by Avy Group B.V., KvK 67928676
Headquarters
Donauweg 21, Amsterdam
Founder
Patrique Zaman, chief executive until 30 November 2024
Chief executive
Benjamin van der Hilst, since 1 December 2024
Shareholders (2023)
Patrique Holding B.V. 59%, Orange Wings Investments 41%; later NPEX bondholders and informal investors
Product
Avy Aera VTOL fixed-wing drone, docking station, control software
Staff
41 FTE on average in 2023; about 30 after cuts in winter 2023/24
EIC project
SkySaver, March 2020 cut-off, grant only, CORDIS 960995
EIC Fund
Not in the EIC Fund portfolio list

Where Avy Stands Now

Avy is active. In April 2026 it launched Operator Services, flying missions itself and selling aerial photo and video data, starting with a multi-year contract worth €2.4 million for an unnamed client in the ports of Rotterdam, Amsterdam and Antwerp, according to an investor announcement on NPEX, the Dutch trading platform for small companies where Avy Group has listed convertible bonds. The same month it named Coptrz its exclusive UK partner for emergency services and defence, and in February 2026 it signed with Droniq, a joint venture of German air traffic control provider DFS and Deutsche Telekom, to offer its drones for long-range flights in Germany. The company register shows no insolvency: North Data lists balance sheets for Avy B.V. and Avy Group B.V. up to 31 December 2025, both published on 2 September 2026.

The leadership changed at the end of 2024. Benjamin van der Hilst, who joined in 2017 and was chief product officer, succeeded founder Patrique Zaman as chief executive on 1 December 2024, according to DroneLife and Avy's February 2025 investor report. Zaman stayed on the board. In December 2025 an Avy drone was flown for King Willem-Alexander, Queen Máxima and Finland's president at the Amsterdam Drone Lab, where Zaman said Avy drones were in operational use with the Dutch police, coastguard and fire service and with one user in Finland, according to Avy's announcement.

The record

From medical drone grant to police, fire and port contracts

Avy's EIC project ran from August 2020 to July 2022. Since then its announced deals have come from emergency services, security, research and ports rather than hospitals.

  1. Apr 2016Avy B.V. incorporatedFounded by Patrique Zaman
  2. 2019First production droneAera 1 sold to ANWB Medical Air Assistance, per Avy
  3. Mar 2020EIC Accelerator pilot cut-offSkySaver medical delivery dronegrant only
  4. Aug 2020SkySaver starts€1.39M EU grant, 24 months
  5. Nov 2020Meppel to Zwolle test flightsAvy drone, no medical cargo carried
  6. May 2021Botswana Drones for HealthAvy Aera in a maternal health pilot
  7. Jul 2022SkySaver endsAirworthy cargo drone, heavier than planned
  8. Nov 2023NPEX convertible bondsRetail investors fund working capital
  9. Dec 2023Staff cutAbout 45 to about 30 FTE
  10. Feb 2024Medical Drone Service adds rival droneRigiTech Eiger joins the Dutch medical fleet
  11. 2024Loans turned into sharesMore than €7M converted to equity
  12. Dec 2024New CEOBenjamin van der Hilst succeeds Zaman
  13. Feb 2026Droniq partnershipGermany, BVLOS operations
  14. Apr 2026Coptrz and Operator ServicesUK partner; €2.4M port data contract

CORDIS, Avy investor reports and announcements on NPEX, DroneLife, DroneXL, DroneDJ and ANWB.

The Technology: A Drone That Lands Like a Helicopter and Flies Like a Plane

Most delivery and camera drones are multicopters: easy to launch and land anywhere, but short on range because their rotors carry the full weight the whole time. Fixed-wing drones fly much further on the same battery but need a runway or a catapult. Avy's Aera combines both: it takes off and lands vertically, then flies on its wing. The current version carries a parachute for flights over built-up areas and recharges automatically in a docking station, so it can launch with no crew on site, according to DroneLife and Avy's own medical delivery page.

The published specifications vary. The Droniq announcement of February 2026 gives up to 100 km of range, up to 75 minutes of flight and up to 3 kg of payload. Avy's medical page gives 100 km per charge, 3 kg and a cruise speed of 100 km/h, while its company summary gives 130 km, or 150 km with a long-range battery, at a cruise speed of 83 km/h. The 2021 version described on Wikipedia carried 1.5 kg. The SkySaver target of 150 km is therefore met only in the company's own long-range figure.

"One huge technical challenge we did not anticipate was the weight of the drone being much higher than expected."

Matthijs Damen, head of tech at Avy, to CORDIS, December 2022

What SkySaver Promised, and What CORDIS Shows

The project budget

The EU paid 70% of the €1.98M SkySaver project

The EU contribution was €1,385,125 of a total cost of €1,978,750. Avy's 2023 bond prospectus describes the 2020 award as a €2.2M grant.

CORDIS, project 960995. Values in € millions.

The CORDIS report lists four technical outputs: an upscaled, regulation-compliant electric VTOL airframe, a "global sense and avoid system", a cold-chain medical payload box and a docking station. In the first year Avy finished the detailed airframe design and produced most composite parts, built a prototype cargo box and a first docking station, and dropped hardware detect-and-avoid in favour of software that avoids other aircraft using transponder or traffic management data. The report filed for the second period, August 2021 to July 2022, repeats the first-period text word for word, so CORDIS holds no account of how the project ended.

The closing account came instead in a CORDIS news feature. It says the project raised payload and range, produced the Avy Medkit cargo box and "succeeded in building an airworthy cargo drone", while "there's still more work to be done, particularly as to the payload capacity". It says the drone would "soon be used to deliver medical supplies between hospitals in the Netherlands" and that beyond-visual-line-of-sight flights were still being worked on. The next aircraft generation, the Aera 4, was due for production in summer 2023 and arrived "almost 9 months later than scheduled", Avy told investors in March 2024; prototypes then needed a further redesign, its August 2024 report says.

  1. Upscaled eVTOL airframeLateAirworthy drone by 2022 but heavier than planned; the Aera 4 came about 9 months late.
  2. Global sense and avoid systemNot achievedCut back to transponder and traffic data software; no such system announced.
  3. Cold-chain medical cargo boxDeliveredAvy Medkit, per CORDIS; insulated payload bay on Avy's medical page.
  4. Docking stationDeliveredSold with the Aera as a drone-in-a-box system, per Droniq and Avy.
  5. Clients flying urgent medical deliveries, 30% to 60% faster than roadNot achievedNo named hospital customer; the Dutch medical drone service flies a RigiTech drone.
  6. Final project reportThinSecond-period report repeats the first.

The Medical Market It Was Funded For

Avy's main route into hospital logistics was the Medical Drone Service, a partnership of ANWB, PostNL, Erasmus MC, Isala, Sanquin, Certe, Avy and KPN. In November 2020 an Avy drone began test flights between Isala's sites in Meppel and Zwolle, carrying no medical goods, to gather data until mid-2021, DroneXL reported. In May 2021 the Avy Aera became the aircraft of Botswana's Drones for Health pilot with the health ministry, BIUST university and the UN Population Fund, according to DroneDJ and Wikipedia. Avy's 2023 bond prospectus still put medical logistics first among its two markets, but said that at that moment it had "slechts zeer beperkt concrete orders" (only very limited firm orders).

The Dutch hospital drone network now flies another maker's aircraft. In February 2024 the Medical Drone Service took on a RigiTech Eiger drone to open new routes, according to eVTOL Insights. ANWB, which flies the Meppel to Zwolle hospital trial that began on 22 September 2025, says it flies "een drone van leverancier RigiTech, een zogenaamde Eiger 3". In August 2026 ANWB extended the trial to mid-2027 after more than 800 flights carrying medication and blood samples. Neither ANWB page, nor Maakindustrie's report on the trial's launch, mentions Avy.

Avy's medical page says the Aera flies authorised corridor routes between healthcare facilities in the Netherlands, without naming the client, and claims deliveries in Benin up to 65% faster than by road. Neither claim could be verified from a second source. Avy's own investor reports describe the customer base differently: police, fire brigades, the Port of Rotterdam, the Royal Netherlands Navy, ProRail, the security firm Trigion and the aerospace research centre NLR, which bought an Aera in January 2025.

The pivot in the paperwork

Avy's investor reports name "Emergency Response market" as the first focus for 2024 and announce a move into "the defense market", limited to base security, search and rescue and protecting infrastructure. Medical delivery remains on the product list, but none of the deals announced since 2024 is a hospital contract.

The Money

The EIC grant carried the company through the project years. Avy B.V. booked €147,016 of "EIC subsidy" as revenue in 2020 and €920,209 in 2021, when it made up most of its €1,097,167 revenue, according to its 2021 accounts. Avy's bond prospectus lists the 2020 award as a "€ 2.2M grant", while CORDIS records an EU contribution of €1,385,125. No explanation for the difference was found.

The grant in the books

EIC money was Avy's largest income line in 2021

Avy B.V. booked €920,209 of EIC subsidy in 2021, out of €1,097,167 in total revenue. The 2022 accounts do not split subsidy income by programme.

Avy B.V. annual accounts 2021, on NPEX. Values in € thousands.

After the grant ended, sales did not fill the gap. Group revenue fell from €961,118 in 2022 to €654,928 in 2023, partly because subsidy income dropped from €343k to €68k "because a large subsidized project ended in 2022", and partly because the Aera 4 was late. The 2023 loss was €2.96 million. Avy B.V.'s 2023 accounts show €4,083 in cash at year end, negative equity of €3,876,652 and 41 full-time staff on average, up from 32 in 2022. Between December 2023 and January 2024 the team was cut from about 45 to about 30 FTE.

The accounts

Revenue grew in 2024, losses stayed above €2M

Group revenue fell in 2023 as subsidy income ended and the Aera 4 came nine months late, then rose to €1.12M in 2024. Figures for 2025 are behind a login on NPEX.

Avy Group investor half-year reports of March 2024 (2022) and February 2025 (2023 and 2024), on NPEX. Preliminary, unaudited group figures in € millions.

Revenue recovered to €1,116,915 in 2024, though still with a net loss of €2.24 million. The balance sheet was repaired by converting more than €7 million of shareholder and investor loans into shares, and NPEX convertible bonds raised €1.066 million in total, the February 2025 report says. It also describes a €4 million convertible loan agreement with two angel investors, of which €1 million had been paid in, and due diligence by Invest-NL for a possible €10 million round; no completed round of that size has been announced. Avy estimated it needed about €7 million to reach a positive EBITDA. The 2025 accounts and the investor reports from 2025 onwards sit behind a login on NPEX, which also lists conversion notices from September 2025 and October 2026, so the latest figures could not be checked.

The balance sheet

Equity turned positive only after loans became shares

More than €7 million of shareholder and investor loans were converted into equity in 2024, lifting group equity from minus €3.97M to plus €1.28M.

Avy Group investor half-year reports of March 2024 (2022) and February 2025 (2023 and 2024), on NPEX. Values in € millions at 31 December.

EIC Fund

SkySaver was a grant-only award. Avy does not appear among the 319 companies on the EIC Fund's list of invested companies, checked across all pages on 14 October 2026.

Why Europe Should Care

The EU's Drone Strategy 2.0, adopted on 29 November 2022, expects "urgent delivery of small consignments, such as biological samples or medicines" by 2030 and puts the drone services market at €14.5 billion and 145,000 jobs by then, according to the European Commission. It also aims to "reduce existing strategic dependencies". Avy pitches itself on that point: the Coptrz deal is meant to support "sovereign, non-Chinese drone supply chains", and its royal demonstration was framed around a "drone wall" for Finland's border with Russia. A European maker of long-range drones that are designed and built in Amsterdam fits that agenda. But the medical use case SkySaver was funded for is where Avy has the least to show in public, and the Dutch medical trial that the strategy's goals describe is being flown with another company's drone.

What SkySaver promised

A cold-chain medical delivery drone that clients would use to move blood, samples and vaccines between hospitals, 30% to 60% faster than by road.

What the record shows

A working drone, cargo box and docking station, sold mainly to police, fire services, ports and researchers. No named hospital customer, and the Dutch hospital trial flies a RigiTech drone.

The Verdict

The hardware worked, the market moved

The EIC grant paid for most of the development of a drone that exists, flies and sells, which is more than many hardware grants achieve. It did not produce the medical delivery business it was awarded for. Avy found its buyers in emergency response and security, survived on retail bonds and converted loans, and is still losing more than €2 million a year on about €1 million of revenue.

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

Industry

Mobility and transportAviation

Focus
  • Drones
Technologies
  • Unmanned aircraft systems
  • Vertical take-off and landing
Keywords
  • Medical delivery
  • BVLOS
  • Emergency services
  • Port inspection