EIC Advisory Board outlines vision and roadmap for impact
The European Innovation Council (EIC) Advisory Board, an independent group of leading entrepreneurs, researchers, investors and innovation experts, has published a report outlining "A Vision and Roadmap for Impact". The report, which was published on 30 June 2020, is intended to pave the way for the fully-fledged EIC in Horizon Europe.
The report includes the vision statement of the board published in April this year. It recommends key performance indicators of societal impact, economic impact and diversity. While commending the new approaches taken in the current EIC pilot, the Board recommend further improving implementation by drawing lessons from venture capital by introducing shorter, simpler applications, with rapid feedback and agile decision-making.
According to the report, to further connect deep-tech research with market opportunities, the EIC should ‘build ‘portfolios of projects clustering around similar themes that can be curated and actively managed by EIC Programme Managers’. The Board also highlight the importance of the pipeline of EIC supported technologies and startups for Europe’s corporates and investors.
The EIC Advisory Board was appointed by the European Commission and consists of 22 innovators from the worlds of entrepreneurship, venture capital, science and technology. It provides strategic advice to the EC concerning the implementation of the EIC pilot in Horizon 2020 and the launch of the full EIC under Horizon Europe.
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