The Commission adopted today the European Innovation Council (EIC) 2024 work programme. It opens funding opportunities worth over €1.2 billion in 2024. The majority is dedicated to SMEs and start-ups to develop and scale up “deep tech” innovations in critical fields such as generative artificial intelligence (AI), space, critical raw materials, semiconductors and quantum technologies. This goes alongside the Commission Decision which completes the restructuring of the EIC Fund, which will receive a capital injection of €585 million to invest in EIC selected companies, leveraging over €2 billion in new investments.