New EIC Board meets in Leuven to set 2024 priorities as Horizon Europe enters its second half

Brussels, January 11th 2024
Summary
  • The newly appointed European Innovation Council Board held its first plenary on 10 and 11 January 2024 in Leuven at imec.
  • The Board, chaired by President Michiel Scheffer, was appointed by the Commission on 13 December 2023 and will advise on EIC strategy, work programme and thematic portfolios.
  • The first meeting prioritized the Board's 2024 work to steer EIC implementation in the second half of the 2024 to 2027 programme period.
  • Commissioner Iliana Ivanova joined the session to discuss EIC priorities in the context of EU policies and the mid term review of Horizon Europe.
  • Board members serve in a personal capacity for two year mandates renewable twice and the current membership includes 10 renewed and 10 new appointees with mandates lasting until December 2025.

New EIC Board holds first plenary meeting in Leuven

The new European Innovation Council Board convened for its inaugural plenary on 10 and 11 January 2024 in Leuven at imec. The board was formally appointed by the European Commission on 13 December 2023 and is led by its president Michiel Scheffer. The meeting set the Board’s priorities for 2024 and concentrated on steering the EIC’s strategy and implementation for the second half of the current programme cycle, 2024 to 2027.

What took place at the meeting

Over two days the Board established its working priorities for 2024. Discussion focused on how the Board will advise the Commission on strategy, the EIC work programme and thematic portfolios. Members also held an exchange with Iliana Ivanova, Commissioner for Innovation, Research, Culture, Education and Youth. The Commissioner joined the Board to align EIC priorities with broader EU policy questions and the mid term review of Horizon Europe, the framework programme of which the EIC is a central component.

Meeting cadence:The EIC Board holds five to six plenary meetings per year. These sessions are the Board’s primary forum to discuss and provide advice to the Commission on matters within its mandate.
Immediate focus for 2024:Setting priorities to guide EIC strategy and implementation in the programme’s second half. This included framing how the Board will interact with Commission services during the Horizon Europe mid term review and how it will contribute to the 2024 work programme cycle.

Formal status and membership of the Board

Board members act in a personal capacity and are appointed for two year terms that can be renewed twice. The appointments are structured to promote turnover with the aim of rotating roughly one third of membership every two years. The Commission’s December 2023 decision produced a Board composed of 20 members. Ten members have renewed mandates from the 2021 to 2023 period and ten are new members drawn from a reserve list of candidates. The current mandate runs until December 2025.

ItemDetailSource date
First plenary meeting10 to 11 January 2024 in Leuven at imec11 January 2024
Board appointmentAppointed by the Commission on 13 December 202313 December 2023
Membership20 members total, 10 renewed and 10 new13 December 2023
Mandate lengthTwo years renewable twice, current term until December 202513 December 2023
Plenary frequencyFive to six meetings per year11 January 2024

Why this meeting matters for European innovation policy

The EIC is a central instrument within Horizon Europe tasked with identifying and supporting breakthrough and scale up innovations. The Board’s advice can influence strategic priorities, the design of work programmes and the definition of thematic portfolios. This matters because the EIC combines grant funding with equity investments through the EIC Fund and because choices made in 2024 will shape how the EIC supports deep tech and scaling activities during the remainder of the 2024 to 2027 cycle.

Horizon Europe mid term review:A mid term review examines performance and may prompt adjustments to priorities and delivery instruments. The EIC Board’s input at this stage is intended to help align the EIC’s operational choices with EU policy objectives while also identifying where the EIC needs to adapt to market and technology developments.
The role of the EIC Fund:The EIC Fund offers co investment alongside EU equity to back scaling companies. Board advice on thematic priorities and implementation affects how grant and investment instruments are used together. Co investment dynamics, investor mobilisation and portfolio selection are practical levers that will translate Board guidance into outcomes on the ground.
Imec as a host venue:Holding the inaugural meeting at imec in Leuven highlighted connections between the EIC and Europe’s advanced research infrastructure. Imec is a major microelectronics research centre and a visible symbol of Europe’s ambitions in semiconductor research and advanced technologies.

Governance, transparency and practical considerations

The Board is an advisory body and the Commission remains the decision maker for work programmes and funding allocations. Members act in a personal capacity, which is designed to reduce direct institutional bias. The rotation rules aim to balance continuity and renewal, but repeated renewals can also embed particular viewpoints for long periods. For stakeholders watching EIC policy, the content of Board minutes, the frequency of public statements and how the Board’s recommendations are reflected in Commission decisions will be important transparency indicators.

What the Board cannot do:The Board cannot unilaterally set budgets or override legal rules in Horizon Europe. Its output is advisory. Final work programme decisions and financial commitments remain the responsibility of the Commission and the programme management bodies.

What to watch next

Key items to follow in 2024 include how the Board frames priorities for the remainder of the 2024 to 2027 period, how its advice is reflected in the Commission’s mid term review of Horizon Europe, and whether the Board will produce specific recommendations on areas such as deep tech scale up, geographic widening and gender balance in beneficiaries. Stakeholders should also monitor how the Board engages with the EIC Fund and with ecosystem actors to mobilise private co investment.

The Board is scheduled to hold five to six plenaries per year. Future agendas and minutes will be useful to evaluate whether the Board’s advisory role produces concrete changes in programme design and delivery. The first meeting established the procedural baseline. The real test will be whether Board advice results in measurably different choices in funding priorities and portfolio management as the EIC moves into the second half of its current programme cycle.

For more information interested readers can consult the EIC and EISMEA web pages that host Board background documents and announcements. Observers will judge the Board on its ability to reconcile political priorities, technological opportunity and the practical mechanics of supporting high risk, high reward innovation across Europe.