European Innovation Council (EIC) Reform

The council will be reformed to operate more strategically and ambitiously, inspired by the US ARPA model. It will shift towards challenge-driven, staged funding for breakthrough, high-risk technologies, focusing on strategic EU priorities and research excellence. The reform will simplify procedures, strengthen the Trusted Investor Network, and build closer ties with Europe’s unicorns to improve policy feedback loops. By combining public and private capital, the EIC will accelerate the scale-up of deep-tech companies in critical sectors and better align innovation funding with Europe’s competitiveness, technological sovereignty, and security objectives.