European Innovation Council Advisory Board presents roadmap for Europe to lead in the technologies and industries of the future

The European Innovation Council (EIC) Advisory Board, an independent group of leading entrepreneurs, researchers, investors and innovation experts, have today published report – A vision and roadmap for impact – to pave the way for the fully-fledged EIC in Horizon Europe (2021 – 2027).

The report, which includes the vision statement of the board published in April this year, states that: ‘Without doubt, the EIC will play a leading role in establishing Europe as the place where the industries of the future will be established and flourish, creating wealth through socially responsible enterprise, and generating opportunities for our talented and enthusiastic youth to stay and build their futures in Europe’.

The report recommends key performance indicators of societal impact, economic impact and diversity. While commending the new approaches taken in the current EIC pilot, the Board recommend further improving implementation by drawing lessons from venture capital by introducing shorter, simpler applications, with rapid feedback and agile decision-making.

According to the report, to further connect deep-tech research with market opportunities, the EIC should ‘build ‘portfolios of projects clustering around similar themes that can be curated and actively managed by EIC Programme Managers’. The Board also highlight the importance of the pipeline of EIC supported technologies and startups for Europe’s corporates and investors.

Read the full report here