European Innovation Council support for SMEs surpasses goal

Commission identifies triumphs and challenges in Horizon Europe backing for small and medium-sized firms

The European Innovation Council, whose focus includes supporting smaller companies use breakthrough technologies, has surpassed its goal of having at least 70 per cent of its resources going to small and medium-sized enterprises, according to a report by the European Commission.

A European Commission report on the participation of SMEs in the EU’s current research and innovation programme, Horizon Europe, since 2021 finds that the European Innovation Council allocated more than 74 per cent of its resources to SMEs.