Horizon Europe and EIC work programmes
On the 6th of December the European Commission adopted the Horizon Europe Work Programme for 2023 and 2024. €13.5 billion are set aside to support research and innovation. Out of the budget €5.67 billion are earmarked for reaching important climate actions, that is 42 percent of the budget. Another big pot of money, €970 million, are dedicated to boost the transition to clean energy, in accordance with REPowerEU. Read more here.
The European Innovation Council (EIC) received an allocation of €1.6 billion to support the most innovative companies and scientists to scale up breakthrough and market disrupting technologies. Some strategic areas are energy storage, quantum, food security and semi-conductors. These areas have specifically been funded with over €0.5 billion. The allocation is divided between the three instruments comprising the EIC, with €343 million being allocated for the EIC Pathfinder, €128.3 million for the EIC Transition, and €1.13 billion for the EIC Accelerator. Read more here.
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