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European Innovation Council and SMEs Executive Agency (EISMEA)

The EIC aims at identifying and supporting
breakthrough technologies and innovations
with the potential to scale up internationally.

About EIC (2021-2027)

The European Innovation Council (EIC) has been established under the EU Horizon Europe programme. It has a budget of €10.1 billion to support game changing 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.

Find out about EIC funding opportunities

The strategy and implementation of the EIC is steered by the EIC Board, which has independent members appointed from the world of innovation (entrepreneurs, researchers, investors, corporates and others from the innovation ecosystem).

The EIC and SME Executive Agency responsible for supporting the EIC Board and its President, and for implementing the EIC’s activities which are set out in an annual EIC Work Programme.

    EIC pilot phase (2018-20)

    The EIC pilot phase was launched in 2018, incorporating existing instruments under the Horizon 2020 programme, in particular the SME instrument and Future & Emerging Technology (FET) programme. These funding schemes were brought together in single work programme to provide direct support to innovators throughout Europe.

    The EIC pilot phase, together with the existing instruments, supported:

    • Over 430 projects on Future and Emerging Technologies, involving over 2700 partners. These projects have generated over 3000 peer reviewed scientific articles, over 600 innovations, and over 100 patents.
    • Over 5700 startups and SMEs, who  have raised over €5 billion in follow up investments (3 euro for every euro from the EU budget) andon average, more than doubled the number of employees in a 2 year period

    EIC News

    3 October 2022
    The Commission has taken a major step in the restructuring of the European Innovation Council (EIC) Fund with the appointment of an external fund manager to take investment decisions in the 139 start-ups and SMEs selected so far for EIC investments.
    3 October 2022
    The European Innovation Council (EIC) Business Acceleration Services welcomes all EIC-funded beneficiaries to apply to new open calls that currently have applications open: EIC x REPowerEU, EIC Innovation Bootcamp 4.0 and EIC Corporate Day with Lonza

    EIC events

    10 August 2022
    European Research and Innovation Days is the European Commission’s annual flagship Research and Innovation event, bringing together policymakers, researchers, entrepreneurs and the public to debate and shape the future of research and innovation in Europe and beyond.
    10 August 2022
    The EIC will take part in European Research and Innovation Days, which is the European Commission’s annual flagship Research and Innovation event, bringing together policymakers, researchers, entrepreneurs and the public to debate and shape the future of research and innovation in Europe and beyond...