The goals of the European Innovation Council are:
• Putting Europe at the forefront of market-creating innovation (fundamentally different from existing markets, e.g. through a new combination of physical and digital issues, of products and services, of technologies and business models).
• Providing EU added value by focusing on innovators / companies with the potential to scale up at European and/or international level.
• Intervening where private investors are unable to get a loan (e.g. due to higher technology, market, regulatory risks associated with market creating innovation), with the aim of crowding in private investment
• Complementing existing EU innovation initiatives that focus on established markets / technologies / sectors (e.g. through public-private partnerships, development of technology roadmaps/ sectoral strategies, etc.).
ICLEI supports the EIC by connecting procurers with unmet innovation and sustainability needs with EIC companies through market engagement events.