A Vision for the European Innovation Council

From deep-tech research to visionary innovation and scale-ups

On 27 April 2020, the European Innovation Council (EIC) Advisory Board, made up of world-leading researchers, investors, entrepreneurs and innovation experts, published its vision for the EIC, underlining the need to encourage and support game-changing innovators, researchers and investors to direct resources into high-impact ideas and investments.


“The EIC will generate rapid impact through its integration of two highly successful existing programmes: the Future and Emerging Technologies (now Pathfinder) and the SME Instrument (now Accelerator)” it states, capable to provide unique opportunities through advanced science-and-technology research programme with an accelerator programme for start-ups and SMEs.


Following the EIC Advisory Board’ s recommendations “EIC funding must support deep-tech interdisciplinary research and be entrepreneur centric with a relentless focus on simplicity and the needs of the innovator”.


The EIC Advisory Board is also calling for a sufficient budget “at least at the EC proposed level of €10billion (in Horizon Europe) to crowd in €30-50 billion impact investment”.


With this first statement, the EIC Advisory Board is calling for a globally recognized European Innovation Council as an innovation flagship for Europe, which can support the development of novel solutions to challenges caused by the COVID-19 crisis, through its EIC Pilot.


The mission of the EIC Advisory Board is to give strategic advice to the EC for the implementation of the current €3 billion pilot (2018-2020) and the launch of the full EIC under the Horizon Europe, the new european research and innovation framework  programme (2021-2027).


Find the EIC Advisory Board Vision at the link.