The EIC Fund, which will provide equity from €0.5m to €15m to breakthrough innovation companies selected for EIC Accelerator blended finance support (grant and equity), has become an official entity. This is the first time the European Commission will make such direct equity investments in companies, with ownership stakes expected to be in general from 10% to 25% in start-up companies.
High-level independent experts proposed potential EU missions: bold goals to be achieved within a set timeframe aimed at tackling some of our greatest global challenges. These challenges include cancer, adaptation to climate change, healthy oceans, climate-neutral cities and healthy soil and food.
The Commission released the European Innovation Scoreboard 2020, which shows that Europe's innovation performance continues to improve across the EU, surpassing for the second year the United States. However, more needs to be done to catch up with global innovation leaders like South Korea, Australia and Japan.
Member States, with the support of the Commission, have agreed on a set of technical specifications to ensure a safe exchange of information between national contact tracing apps based on a decentralised architecture. This concerns the vast majority of tracing apps that were already – or are about to be – launched in the EU.
The Commission announced that it is committing more than €38 million, through Horizon 2020, the EU's research and innovation programme, to support several innovative projects in the field of protection of critical infrastructure against cyber and physical threats and making cities smarter and safer.