European Innovation Council Moving Ahead

European Innovation Council Moving Ahead

By Ingemar Pongratz

We at Fenix Scientific AB / Pongratz Consulting have previously reported that the European Commission Researcher Commissioner Moedas presented plan to develop a new structure to support European Innovation and European Innovators.

This new structure called the European Innovation Council would provide advice and support to European Innovators and European SME.

Science|Business reports that the plans for the European Innovation Council (EIC) are slowly moving ahead and that the European Commission is in the process of consulting stakeholders such as European Industry for their views in the matter. The Commission and the EIC is still early stage and there is no timetable available yet and also where the Commission will find funds to finance the EIC is still unclear.

Interestingly, European Universities seem to be very interested in the EIC and not surprisingly European Industry is also very supportive of the thoughts presented by the European Union. However, a major obstacle is the how to finance the EIC: Should for example the Horizon 2020 Research and Innovation scheme provide funding for the EIC? The European Commission is reluctant to drain Horizon 2020 of funds again and lets not forget that Horizon 2020, together with the European Institute of Innovation and Technology (EIT) and the Connecting Europe Facility (CEF) already have been reduced for the benefit of the European Fund for Strategic Investment (EFSI) also known as the Juncker plan.


The Commission would need to convince the European Parliament to further reduce the budget for Horizon 2020, CEF and EIT and the opposition is likely to be considerable.

However, most stakeholders agree that European still is lagging behind other regions in its ability to transform research results into new marketable products and services. Clearly additional support in this area is very much required.

Clearly it will be very interesting to follow this topic further.

Ingemar Pongratz is researcher and owner of Fenix Scientific AB / Pongratz Consulting. We help different organization to identify and apply for public funding from different sources. If you would like to get in contact with us please use the Online Contact Form (redirect to Pongratz Consulting.SE) or send an email to:

Ingemar.Pongratz ()


Lumpini Park by Ingemar Pongratz

Lumpini Park by Ingemar Pongratz

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