Announcement
18 Mar 2021
In March 2021, the European Commission launched the European Innovation Council and its fund following the pilot programme introduced in 2017 (see related state act).
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Number of interventions
2
2 certainly harmful
0 likely harmful
0 liberalising
List of interventions
2 in force
Implementation date
18 Mar 2021
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 18 March 2021, the EU 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 billi...
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Financial grant
In force
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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Related State Acts
06 Jan 2021
France: EIC's innovation fund invests EUR 15 million in CorWave
27 Oct 2017
EU: Commission launches the European Innovation Council pilot to support innovative SMEs
30 Mar 2021
Netherlands: EIC's innovation fund invests EUR 15 million in Magnitude Space BV
12 Feb 2021
Finland: European Innovation Council provides Faron Pharmaceuticals with equity
24 Feb 2021
Denmark: European Innovation Council provides NIL Technology APS with equity
12 May 2021
EU: Approval of EUR 95.5 billion Horizon Europe for funding RDI projects until 2027
07 Jan 2022
Germany: European Innovation Fund invests EUR 14.9 million in power-to-gas company Electrochaea
18 Sep 2023
EU: Approval of the Chips Act, including the establishment of the EUR 3.3 billion Chips for Europe Initiative
14 Jun 2022
France: Chipmaker SiPearl gets EUR 15 million in equity from the EIC Fund
24 Jan 2024
EU: Commission publishes "strategic investment framework" to support AI development
27 Feb 2024
EU: Commission publishes "Advanced Materials for Industrial Leadership" strategy
20 Mar 2024
EU: Commission proposes actions to support the biotechnology and biomanufacturing sectors
05 Mar 2025
EU: Commission publishes its Industrial Action Plan for the European automotive sector
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