The European Commission has announced additional €11.7 million to strengthen the European Innovation Ecosystems.
The European Innovation Council (EIC) continues to receive strong interest from the research community with project proposals that aim to turn science into technology breakthroughs. The EIC Pathfinder Open call invited interdisciplinary research teams to bring forward proposals in any area, which are evaluated purely on their scientific excellence and their potential to be turned into scalable technologies.
The European Commission’s European Innovation Council (EIC) received 165 proposals for the first 2022 cut-off of EIC Transition calls. EIC Transition projects focus on results generated by EIC Pathfinder, FET (Future and Emerging Technologies) or European Research Council (ERC) Proof of Concept projects, to mature the technologies and build a business case for specific applications. Grants of up to €2.5 million are available to validate and demonstrate technology in application-relevant environment and develop market readiness.
Since the launch of the European Innovation Council (EIC) in March 2021, the EIC Accelerator has proven to be of high interest to start-ups, providing a unique offer of grants, blended finance or equity investments. While the delays have largely been overcome in the signing of contracts and providing pre-financing to companies that requested grant-only or grant-first support from the June 2021 cut-off, there are further unforeseen delays in the decision-making concerning companies requesting blended finance or equity-only investments. The EIC is fully aware of, and regrets the impact that these delays can have on companies.
The European Innovation Council launches the ‘Scale-Up 100’ call for business support organizations, to facilitate companies with high-growth potential on their path to become European deep tech champions.