Horizon Europe, the European Union’s next research & innovation investment programme replacing Horizon 2020, has exciting things in store for the entrepreneurship ecosystem. The programme will have a budget of around €95.5 billion for 2021-2027 to drive a green, healthy, and resilient Europe.
Horizon Europe is focusing on strengthening innovation in Europe through three pillars:
- European Innovation Council – €10 billion in budget funding for emerging and breakthrough innovations
- European innovation ecosystem – connecting key shareholders (academia, industry, different levels of the public sector, and civil society)
- European Institute of Innovation and Technology (EIT) – increasing the regional impact of Knowledge and Innovation Communities
EIC, the EU’s new investment agency, is set to become Europe’s biggest venture investor in the next few years
The EIC will receive over €10 billion in budget to support emerging and breakthrough innovations in SMEs, start-ups, and midcaps to foster market-creating innovation.
It will be the one-stop shop for enabling inventors, innovators and investors to bring the most promising ideas to application, and will support the scaling-up of innovative start-ups and companies. It is open for ideas in any field of innovation, all year long. So far, 240 SMEs were funded since 2018 with up to €2.5million each. Learn more about the programme’s actions and innovation funding.
EIC, the EU’s new investment agency, is set to become Europe’s biggest venture investor in the next few years
The EIC will receive over €10 billion in budget to support emerging and breakthrough innovations in SMEs, start-ups, and midcaps to foster market-creating innovation.
It will be the one-stop shop for enabling inventors, innovators and investors to bring the most promising ideas to application, and will support the scaling-up of innovative start-ups and companies. It is open for ideas in any field of innovation, all year long. So far, 240 SMEs were funded since 2018 with up to €2.5million each. Learn more about the programme’s actions and innovation funding.
EIT- Increasing the regional impact of Knowledge and Innovation Communities
European Institute of Innovation and Technology (EIT) with a proposed budget of €3 billion euros on bringing key actors (research, education and business) together around a common goal for nurturing innovation. The EIT will boost innovation increasing the impact of its activities and by helping 750 higher education institutions become more innovative, supporting 30 000 entrepreneurial students, bringing 4 000 innovations to the market and powering 700 start-ups. EIT will launch two new Knowledge and Innovation Communities in the coming years, one operating in the field of the Cultural and Creative Sectors and Industries (2022) and one on Water, Marine and Maritime Sectors and Ecosystems. Learn more here.