The European Commission adopted the 2023 work programme for the European Innovation Council. It opens funding opportunities worth over €1.6 billion in 2023 for breakthrough innovators to scale up and create new markets.
EIC Pathfinder (€343 million) for multi-disciplinary research teams to undertake visionary research with the potential to lead to technology breakthroughs.
EIC Transition (€128.3 million) to turn research results into innovation opportunities.
EIC Accelerator (€1.13 billion) for start-ups and SMEs to develop and scale up high impact innovations with the potential to create new markets or disrupt existing ones.
All projects of the European Innovation Council have access to Business Acceleration Services, which provides coaches, mentors and expertise, partnering opportunities with corporates, investors and others, and a range of other services and events.
The 2023 EIC work programme sets out an updated set of ‘EIC Challenges’. Over half a billion euro is made available for start-ups to develop future technologies that will contribute to EU objectives to accelerate the roll-out of renewables, ensure security of semiconductors supply and safety of food supply chains, as well as environment friendly construction. The challenges will directly support EU policy objectives such as REPowerEU, the Chips Act, New European Bauhaus, food security and EU Missions in Horizon Europe.
Source: European Commission, 2023