The European Commission urges the creation of a council to support innovative initiatives

The European Commission intends to speed up the establishment of the European Innovation Council (EIC), helping to bridge the innovation gap in Europe. Under the program, four Hungarian small and medium-sized enterprises (SMEs) are also supported – the EU commission said on Monday.

According to the information, the EIC will identify and finance the most promising start-ups and SMEs in Europe to achieve this goal. The initiative is in a pilot phase, with the EIC planned to be fully operational from 2021 under the umbrella of the European Horizon, the new EU for Research and Innovation Framework Program. (MTI)