Tag: innovation

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Commission invests to boost global research and innovation leadership

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The European Commission adopted the main Horizon Europe work programme for 2026-2027, a €14 billion investment designed to drive research and innovation (R&I) across the EU’s strategic goals. These goals include achieving climate neutrality, boosting the use of artificial intelligence (AI) in research and innovation, and ensuring resilience in a rapidly changing world.

To achieve this, the programme introduces new cross-disciplinary calls and topics that will boost decarbonisation and the use of AI in research. It also expands the ‘Choose Europe‘ initiative to attract global talent and makes applying for Horizon Europe funding and participation simpler. Continue reading “Commission invests to boost global research and innovation leadership”

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Europe’s innovation performance steadily improving

… but at different speeds between Member States !

The innovation performance of the European Union continues to improve at a steady pace, reaching a 10% increase since 2017 and a growth of 0.5% between 2023 and 2024. According to the 2024 edition of the European Innovation Scoreboard (EIS) published today, most EU Member States have boosted their innovation performance, but the increase varies strongly from one to another.

Key findings

Between 2023 and 2024, the national innovation performance has increased for 15 Member States, while it has declined for another group of 11. Croatia remained stable. Compared to the last edition:

  • Denmark remains the most innovative EU country followed by Sweden, which led the rankings between 2017-2022.
  • Two countries now belong to a different performance group. Estonia became a Strong Innovator following a steady growth pattern since 2017. Belgium, which was an Innovation leader in 2023, moved down to the Strong Innovators’ category, although it maintained its fifth position in the rankings overall.

A broader analysis, including other European countries and selected global competitors, shows a changing international landscape. Switzerland is the most innovative European country and South Korea remains the most innovative global competitor in 2024, while China has surpassed Japan and is progressively closing the gap with the EU. Continue reading “Europe’s innovation performance steadily improving”

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First equity investments in breakthrough innovations

The Commission has announced the first round of direct equity investment through the new European Innovation Council (EIC) Fund. 42 highly innovative start-ups and small and medium-sized businesses (SMEs) will together receive equity financing of around €178 million to develop and scale up breakthrough innovations in health, circular economy, advanced manufacturing and other areas. Among them, the French company CorWave is the first EU company in which the EIC Fund is investing.

Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth said: “Europe has many innovative, talented start-ups, but too often these companies remain small or relocate elsewhere. This new form of financing – combining grants and equity – is unique to the European Innovation Council. It will bridge the funding gap for highly innovative companies, unlock additional private investments and enable them scale up in Europe.”

The equity investments, ranging from €500.000 to €15 million per beneficiary, complement the grant financing, which has already been provided through the EIC Accelerator Pilot to enable companies to scale up faster. This is the first time the Commission has made direct equity or quasi-equity investments, namely equity investment blended with a grant, in start-up companies, with ownership stakes expected to range from 10% to 25%. Continue reading “First equity investments in breakthrough innovations”