Launched in 2015, the goal of the Innovation Radar is to make the results of EU innovation funding easily discoverable by anyone, especially investors. The EU is now supporting the relevant teams to seek growth capital from private investors through EU-funded support actions such as Dealflow.eu that actively uses Innovation Radar intelligence. As a result, innovators supported by Dealflow have already raised in total over €300 million in capital since its launch in 2020.
Mariya Gabriel, Commissioner for Innovation, Research, Culture, Education and Youth, said:
Innovation Radar has gathered in one place thousands of innovations in science and tech funded by the EU, making them more accessible to entrepreneurs and investors and boosting their business potential. This growing intelligence is a valuable tool as part of our efforts to bring research findings closer to market and propel innovation.
Thierry Breton, Commissioner for Internal Market, said:
As a leading force in research and innovation, the EU has a wealth of cutting-edge projects emerging from its funding. The Innovation Radar is a powerful tool that allows us to track these breakthrough developments and identify the next generation of EU industrial leaders, ensuring our competitiveness in the global market.
The Innovation Radar has already analysed the output of one quarter of all research and innovation actions launched under Horizon 2020. These projects have received over €10 billion in EU funding.