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The European Innovation Council (EIC) was introduced by the European Commission to support the commercialization of high-risk, high-impact technologies in the European Union. The fully-fledged EIC was launched March 2021 under Horizon Europe and is incorporated within the European Innovation Council and SMEs Executive Agency (EISMEA).[1] Its goal is to aid researchers, start-ups and SMEs 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 Carlos Moedas in mid-2015.[2] 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.[3]
^"Official web site". 30 April 2024.
^"Exclusive: EU moves toward European Innovation Council pilot plan". Archived from the original on 2016-09-21. Retrieved 2016-08-30.
^"About the European Innovation Council". eic.ec.europa.eu. Retrieved 2021-05-04.
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