The newly-adopted 2024 work programme of the European Innovation Council (EIC) is opening over €1.2bn in funding opportunities, mainly targeting deep tech startups and SMEs. Under the new scheme, the EIC Fund will receive a capital injection of €585mn to invest in EIC selected companies, leveraging over €2 billion in new investments. The majority of the funding addresses all fields of technology, but €420mn is dedicated to startups and SMEs developing tech for strategic industries, including Generative AI, space, critical raw materials, semiconductors, and quantum. This is in line the bloc’s initiatives such as the Chips Act, the Net Zero…
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