The European Commission adopted the 2024 work programme of the European Innovation Council. It opens funding opportunities worth over €1.2 billion for strategic technologies and scaling up companies. The EIC Work Programme 2024 details the funding in three main schemes:

• EIC Pathfinder (€256 million) for multi-disciplinary research teams to undertake visionary research with the potential to lead to technology breakthroughs (grants up to €4 million). Deadline: 7 March 2024
• EIC Transition (€94 million) to turn research results into innovation opportunities, following up on results generated by EIC Pathfinder projects, European Research Council Proof of Concept projects and open for the first time to project results from Horizon collaborative projects from Pillar 2/ societal challenges (grants up to €2.5 million). Deadline 18 September 2024
• EIC Accelerator (€675 million) for start-ups and SMEs to develop and scale up innovations with the potential to create new markets or disrupt existing ones (grants below €2.5 million, investments from €0.5 to €15 million). €405 million is earmarked for investments to be managed by the EIC Fund, which will receive an additional €180 million to follow on investments in companies selected under previous EIC Accelerator calls. Cut-off dates: 13 March 2024 – 3 October 2024