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Global Trade Alert

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EU: Launch of the European Innovation Council, including a EUR 3 billion fund

Description

On 18 March 2021, the launched the European Innovation Council (EIC) after completing the pilot programme of 2017 (see related state act). The EIC established a EUR 3 billion (approx. USD 3.6 billion)...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 Mar 2021

Revocation date

31 Dec 2027

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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