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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

  • 27 June 2024
The European Innovation Council and the European Institute of Innovation and Technology are launching the 2025 edition of the European Prize for Women Innovators. This joint initiative celebrates the outstanding achievements of women entrepreneurs driving positive change for people and the planet.

EIC events

  • 24 June 2024
Unveiled in Amsterdam connects Europe's iconic brands and promising startups, top-level government officials, industry leaders, investors and media.