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The European Comission adopted the 2024 work programme of the European Innovation Council (EIC), bringing forth funding opportunities exceeding €1.2 billion, with a focus on SMEs and startups pioneering "deep tech" innovations. This substantial investment targets critical sectors like generative AI, space, raw materials, semiconductors, and quantum technologies.

€420 million is allocated for new technologies that align with key EU goals. Additionally, the EIC Fund receives a boost of €585 million to aid selected companies. They're focusing on ensuring the safety of AI and quantum tech from foreign influence as part of enhancing economic security.

Source of information: https://era.gv.at/news-items/eic-work-programme-2024-includes-funding-amounting-to-12-billion/ (Published 12 December 2023).