What the European Innovation Council Tech Report 2023 Reveals and Why It Matters

Brussels, October 25th 2023
Summary
  • The European Innovation Council published its second Tech Report highlighting early stage technologies and innovations submitted under Horizon Europe.
  • The report focuses on early stage, expert-reviewed projects across digital technologies, industry and space, cleantech and health.
  • It maps EIC internal data against global indicators such as patents, publications, funding and investments to inform future portfolio work.
  • The analysis draws on inputs from EIC Programme Managers and flags areas attracting high quality proposals that have not yet received EIC funding.
  • The report aims to shape EIC future explorations but has methodological limits that readers should treat with caution.

European Innovation Council Tech Report 2023: what it says and what to watch

The European Innovation Council released its Tech Report 2023 on 25 October 2023. The document is framed as a forward looking inventory of novel technologies and innovations that have been submitted to the EIC under the Horizon Europe programme. It emphasises early stage research projects that passed extensive independent expert review and it highlights technology areas that have drawn high quality proposals even if they have not yet been funded by the EIC.

Scope of the report

The report covers a broad span of topics. The headline clusters are digital technologies, industry and space, cleantech and health. The EIC frames the publication as an effort to identify emerging technologies and breakthrough innovations observed during the submission and selection processes under Horizon Europe. It is presented as an input to future EIC portfolio decisions rather than as an impact evaluation of funded projects.

Emphasis on early stage projects:The report prioritises early stage research that was funded following extensive independent expert review. That means the focus is on front end science and prototyping rather than commercial outcomes. The EIC also flags technology areas that attracted strong proposals but for which it has not yet provided funding.

How the EIC produced the analysis

Methodologically the report maps internal EIC data to global trend indicators. Those external indicators include patent filings, academic publications, public and private funding flows and investment activity. It also draws on the qualitative views and insights of EIC Programme Managers who oversee thematic portfolios inside the organisation.

Inputs and indicators used:The EIC used a mix of internal submission and evaluation data plus external signals such as patents, scholarly publications and investment trends. Programme Manager expertise was used to interpret those signals and to identify emerging areas of interest across the EIC pipeline.
What 'mapping to global trends' entails:Mapping means comparing what is visible inside the EIC application and award records with broader innovation activity. Patent metrics show technological filings and applicants. Publication counts indicate academic momentum. Funding and investment data provide signals about where private capital and public programmes are being deployed. Together these metrics offer a multi dimensional snapshot but they capture different parts of the innovation lifecycle and have differing time lags.

Where the report sits in the EIC ecosystem

This is the second EIC Tech Report. The first appeared in 2022 and used an initial identification process conducted in 2021 to surface emerging technologies. The 2022 output informed EIC challenge areas for the 2022 work programme. The 2023 report follows the same general purpose while signalling an intention to strengthen methods and data sources in future editions.

How the EIC connects to other EU bodies and programmes:The European Innovation Council is implemented by the European Innovation Council and SMEs Executive Agency, known as EISMEA. The EIC works inside the Horizon Europe framework and coordinates with other instruments such as EIC Pathfinder for breakthrough research, EIC Transition for market readiness, and the EIC Accelerator for scaling businesses. The EIC Fund provides equity investment alongside grants to support scale up.

Why the report matters for innovators and funders

For innovators the report signals the thematic priorities and areas where high quality early stage research is being proposed. For investors, mapping that pipeline against patents and investments offers potential lead indicators of future technology clusters. For policymakers the analysis is intended to inform where additional support for translation, scaling and market deployment might be required.

A cautious reading: limits and caveats

The EIC report is a curated view based on internal submissions and expert judgement. It is not a neutral, comprehensive audit of Europe wide innovation performance. Several methodological limits are worth noting. The dataset is naturally biased by who chooses to apply to the EIC and by the EIC evaluation filter. Programme Manager input can add valuable domain knowledge but it can also introduce confirmation bias. Patent and publication metrics are imperfect proxies for technological readiness and commercial potential because they privilege formal outputs rather than market validation. The report does not replace independent longitudinal evaluation of funded projects.

Common pitfalls when using patent and publication data:Patent counts can overstate innovation if filings are defensive or incremental. Publication volumes can reflect academic activity without commercial translation. Investment flows are shaped by risk appetite and market cycles. All indicators have time lags so near term shifts may not be visible immediately in these proxies.

Practical implications and policy suggestions

If the EIC uses this report to steer funding choices, it should accompany those choices with transparency on selection criteria and clear milestones for commercialisation. Policy makers should treat the report as an exploratory input and not as conclusive proof of readiness. Where areas attract quality proposals but no funding, there may be gaps in funding instruments or eligibility rules that deserve targeted redesign. Public actors should also invest in follow up instruments that help move proven early stage research through demonstration and market adoption phases.

ItemDetailNotes
PublicationEIC Tech Report 2023Released 25 October 2023
FocusEarly stage technologies submitted to EIC under Horizon EuropeEmphasis on projects funded after expert review and on high quality but unfunded proposal areas
Topical clustersDigital technologies, industry and space, cleantech, healthBroad thematic coverage
InputsEIC internal data, Programme Manager insights, patents, publications, funding and investmentsCombined quantitative and qualitative sources
PurposeInform future EIC portfolio exploration and work programmesNot an impact evaluation
Previous editionEIC Tech Report 2022First identification exercise conducted in 2021

Background and next steps

The EIC says it will continue to strengthen its methodological approach and expand the range of datasets and analytical tools used. The organisation invites comments to improve identification of areas, to anticipate their potential and to reflect on multiple value propositions. Readers and stakeholders should monitor subsequent reports for evidence that the EIC is widening data inputs, disclosing methodological choices and linking flagged technologies to concrete funding decisions and milestones.

In short, the EIC Tech Report 2023 is useful as an internal signal and a curated map of what the EIC pipeline looks like at a point in time. It is less useful as independent proof that the flagged technologies are ready to scale. The report can become a stronger policy tool if future editions expand transparency, disclose selection thresholds and publish follow up tracking of how flagged projects progress toward market impact.