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EIC Board Calls for EIC's expanded mission and increased budget to boost Europe's deep tech leadership.

Published on | 2 weeks ago

Programmes EIC

This represents the EIC Board’s extensive reflections and assessments over the last months and provides a contribution to the upcoming Multiannual Financial Framework proposal, which is expected to be published soon. 

Key proposals include:

  • adopt a new Challenge model based on an ambitious ARPA-inspired approach,
  • scaling up the EIC Fund,
  • optimising operational efficiency,
  • fostering synergies with national and regional initiatives, and
  • maintaining a strong framework for experimentation. 

To meet those ambitions, the Board calls for a significant increase in the EIC's budget, with suggestions for a Scale-up Fund as proposed in the EU Startup and Scaleup Strategy, together with enhancements to the EIC Fund to catalyse follow-on and larger investments. 

The Board stresses the urgent necessity for increased scale-up funding and a more comprehensive programme to maintain competitiveness against global innovation counterparts such as the US and China. 

The complete statement can be consulted here.

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