Today, we are celebrating Europe Day! Held every 9th May to honor the union of its different member states. 74 years ago, the Schuman declaration was presented to boost cooperation, peace and unity in Europe, and eventually, it resulted in the creation of the European Union.
We would also like to take this opportunity to highlight the importance of Europe as one of the world’s greatest innovation hubs. Since its early beginnings, Europe and the EU have been actively promoting research and innovation through specific initiatives. In fact, some of the world’s greatest innovation funding mechanisms are rooted in Europe:
-Horizon Europe, with a budget of €95.5 billion for the period from 2021 to 2027, to drive scientific and technological advancements in Europe.
-The European Innovation Council (EIC), with a budget of €10.1 billion. It supports game-changing innovations throughout their lifecycle.
- The EIC Fund, with a budget of €10 billion. It provides patient capital to startups, SMEs, and small mid-caps across various domains, including health, energy, green, digital, and deep tech.
-The Innovation Fund (IF) will also provide around €40 billion of support over 2021-2030, aiming to bring to the market industrial solutions to decarbonise Europe and support its transition to climate neutrality.
-Eurostars, with an estimated budget of €1 billion (1B €) from 2021-2027.
Finally, on this special day, we congratulate all European innovators and entrepreneurs for their impressive efforts and accomplishments.
#europeday #europe #innovation #EU