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European Innovation Council

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The EIC Fund is new feature of the EIC, introduced in 2020 under the Pilot phase. The EIC Fund provides in the form of equity from €0.5 million to €15 million the investment component awarded under the EIC Accelerator to selected breakthrough innovation companies. The EIC Fund is a unique entity
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The EIC pilot phase was launched in 2018, incorporating existing instruments under the Horizon 2020 programme, in particular the SME instrument and Future & Emerging Technology (FET) programme. These funding schemes were brought together in single work programme to provide direct support to
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The EIC Pathfinder programme supports the research of ideas for radically new technologies. Applicants participating in EIC Pathfinder projects are typically scientists, entrepreneurial researchers and, research organisations, start-ups, high-tech SMEs and industrial stakeholders interested in
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The EIC Accelerator covers all areas of technology, with the goal to support the development and effective deployment of any European innovation benefiting Europeans, economically or socially. It is the first instrument developed on the idea that Europe needs to ascertain its "sovereignty" or
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A number of influential innovators are chosen as EIC Ambassadors to speak about the EIC and its impacts and developments in local, national, and European media, and to support the improvement of the EIC with their insights and feedback. There are currently 33 EIC Ambassadors for 2021–2027:
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in mid-2015. The EIC has a budget of €10.1 billion to support innovations throughout the lifecycle from early stage research, to proof of concept, technology transfer, and the financing and scale up of start-ups and SMEs.
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bring their innovations to market by providing funding, networking and partnership opportunities, and business acceleration services. In its latest form, the concept has been put forth by the EU Research Commissioner
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Over 5,700 startups and SMEs, who have raised over €5 billion in follow up investments (3 euro for every euro from the EU budget) and on average, more than doubled the number of employees in a 2-year period.
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Provides patient capital in the form of equity or quasi-equity (which may also be blended with a grant component) to SMEs and start-ups selected through the highly competitive and rigorous EIC Accelerator.
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Over 430 projects on Future and Emerging Technologies, involving over 2,700 partners. These projects have generated over 3000 peer reviewed scientific articles, over 600 innovations, and over 100 patents.
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Bridges the funding gap for start-ups with seed capital to series B financing, where market entry is at most in a pilot phase to prepare the scaling up of breakthrough European innovations.
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Building on technologies generated by Pathfinder, the EIC Transition funds innovation activities that go beyond the experimental proof of principle in laboratory to supports both:
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Aims to crowd in other investors, further sharing risks by building a large network of capital providers and strategic partners suitable for co-investments and follow on funding
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In addition, EIC selected companies receive coaching, mentoring, access to investors and corporates, and many other opportunities as part of the EIC community.
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Grants of up to €2.5 million and more are available to validate and demonstrate technology in application-relevant environment and develop market readiness.
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technological research and innovation. Grants of up to €3–4 million support early stage development of future technologies up to proof of concept.
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an investments (usually direct equity investments) of up to €15 million managed by the EIC Fund for market deployment and scale up (TRL9 onwards)
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and is incorporated within the European Innovation Council and SMEs Executive Agency (EISMEA). Its goal is to aid researchers, start-ups and
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owned by the European Union represented by the European Commission and established to make direct equity investments in companies.
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Agencies, decentralised independent bodies, corporate bodies and joint undertakings of the European Union and Euratom
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the development of a business case and (business) model towards the innovation's future commercialisation.
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the maturation and validation of novel technology in the lab and in relevant application environments
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grant funding (non-dilutive) of up to €2.5 million for innovation development costs (TRL5 to 8);
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The EIC Accelerator provides substantial financial support, with a combination of:
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to support the commercialization of high-risk, high-impact technologies in the
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Stavriana A. Kofteros, Vice Chair of the Research & Innovation Foundation
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Cristian Dascalu, founder or co-founder of several businesses and projects
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The EIC pilot phase, together with the existing instruments, supported:
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Directorate-General of the Joint Research Centre (European Commission)
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Alexandru Müller, Head of the Microwave Laboratory with IMT-Bucharest
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Dermot Diamond, Professor of Sensor Science and Materials Chemistry
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Framework Programmes for Research and Technological Development
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Cristina Vicini-Rademacher, founder and CEO of Vicini Strategy
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Carlos Oliveira, Executive President of José Neves Foundation
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Operational Management of Large-Scale IT Systems in the AFSJ
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Roberto Verganti, Professor of Leadership and Innovation
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Talis Juhna, Professor and vice-rector for research at
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Schnell-Brüter- Kernkraftwerksgesellschaft mbH' (SBK)
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European Innovation Council and SMEs Executive Agency
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Bindi Karia, European Innovation Expert & Advisor
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European Council of Applied Sciences and Engineering
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Veronika Oudova, CEO & Co-founder of S-Biomedic
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lead section
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provide an accessible overview

verification
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"European Innovation Council"
news
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JSTOR
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European Commission
European Union
Horizon Europe
SMEs
Carlos Moedas
Small and Medium Enterprises
Flanders Institute of Biotechnology
Paddy Cosgrave
Web Summit
Angele Giuliano
Siemens

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