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The Knowledge-Sharing Platform

06 May 2016

EIC Call for Ideas receives more than 1,000 replies

The European Commission (EC) says it has received more than 1,000 replies and 170 supporting documents in response to its Call for Ideas on a European Innovation Council (EIC).

According to the EC's DG Research & Innovation, a first analysis shows that over 80% of respondents agree or strongly agree that the lack of disruptive market-creating innovation is an obstacle to growth in Europe. Over 80% of respondents also believe that there are gaps in the EU's support for such disruptive market-creating innovation. Several respondents pointed to the difficulty of navigating the range of innovation funding options available and called for 'simplification of access' and 'strategic advice to improve the innovation environment' as priorities to be addressed amongst others.

Many stakeholders also called for dedicated support for disruptive innovations and improved access to risk financing, and emphasised that support should be more joined-up so that companies can find suitable support as they progress along the innovation value chain.

Carlos Moedas, European Commissioner for Research, Science and Innovation, called the outcome of the Call for Ideas an "excellent response", adding that in his opinion, this "shows that there is huge interest in Europe's innovation community in the idea of a European Innovation Council". He ensured stakeholders that the EC would analyse the responses carefully, "in order to design a European Innovation Council that boosts innovations with the potential to create new markets."

For more information:

DG Research - News

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