The EIC will support start-ups, SMEs and research teams developing high-risk, revolutionary innovations in line with the European Green Deal.
The European Innovation Council (EIC), launched on 18 March 2021, is the most ambitious innovation initiative Europe has ever undertaken, with a budget for the period 2021-2027 of €10 billion to identify, develop and scale up breakthrough technologies and disruptive innovations.
The EIC will support start-ups, SMEs and research teams developing high-risk, high-impact breakthrough innovations, contributing to the objectives of the European Green Deal and the Post-Pandemic Europe Recovery Plan.
The 2021 Work Programme foresees financial support of €1.5 billion, provided through three main instruments:
- Pathfinder for advanced research on revolutionary/game-changing technologies.
- Transition to transform research results into innovation opportunities.
- Accelerator to develop and scale-up high-risk, high-impact breakthrough innovations.