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Commission invests €124 million in #InnovativeProjects

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The Commission is supporting 38 projects to develop new ideas for radically innovative future technologies. The projects will receive nearly €3 million each for collaborative and inter-disciplinary research into topics ranging from quantum computing, removing space objects from orbit to fighting brain viruses.

They have been selected under the European Innovation Council (EIC) pilot phase, which targets fast-moving, high-risk innovative products, services or business models with strong potential to create new markets.

Science, Research and Innovation Commissioner Carlos Moedas said: “Through the European Innovation Council (EIC), we support future and emerging breakthrough technologies, which are key to unlocking many of the secrets to a better future and society. We are investing in innovative ideas and the individuals behind them to create news markets of the future.”

The projects selected today will receive funding under the Future and Emerging Technologies strand of the €2.7 billion EIC Pilot, which runs between 2018-2020 under the Horizon 2020 EU Research and Innovation Programme.

To date, the EIC pilot has already supported 1,599 projects with €967.22m in funding. As announced in the Renewed Agenda for Research and Innovation, the Commission has also proposed to follow up on this pilot phase by establishing a full-scale European Innovation Council that will offer a one-stop shop for high potential and breakthrough technologies, as well as for innovative companies with potential for scaling up.

A news item with more details about the announcement is available here.

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