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The Knowledge-Sharing Platform

27 Apr 2020

EIC Advisory Board publishes vision statement

On 27 April 2020, the European Innovation Council (EIC) Advisory Board presented its vision for a future role of the EIC. In the paper, the innovation experts underline the need for the EIC to become the investor of choice for visionary ideas, pioneering a new European approach to ‘support relevant innovations in a responsible and inclusive way’. The board, chaired by Mark Ferguson, Science Foundation Ireland, envisages a strong role for the European Innovation Council in coronavirus recovery.

In the vision paper the experts emphasise the importance of a budget at least at the level proposed by the Commission (€10 billion in Horizon Europe 2021 – 2027) for the EIC to crowd in €30-50 billion from the private market, and “radically transform tech investments and company growth across Europe”. As well as support to solve global challenges and a credible budget, the board called for a focus on deep-tech interdisciplinary research and entrepreneurship - with a constant strive for simplicity - and high-class mentoring and advice for successful applicants.

The vision paper can be downloaded here:

A vision for the European Innovation Council




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