The EU plans major funding to advance tech and AI
The European Union has announced plans to invest €1.4B into its deep tech sector in 2025, aiming to strengthen Europe’s position in the global technology market. The investment, an increase of €200M from last year, will be funded by the European Innovation Council (EIC) under the Horizon Europe research and innovation program. The boost is part of Europe’s strategic move to narrow the tech gap with global leaders like the US and China.
EU Commissioner Iliana Ivanova highlighted the importance of deep tech innovation for Europe’s economic progress, emphasising that the EIC has become essential in supporting groundbreaking advancements. This increased funding reflects the EU’s commitment to fostering high-impact technologies, particularly artificial intelligence, to drive economic growth and global competitiveness.
By targeting tech innovation, the EU aims to position itself as a leader in AI and deep tech, focusing on revitalising its economy through significant advancements in these areas. As the EU steps up its support for deep tech, officials believe this investment will yield long-term benefits and keep Europe at the forefront of technological progress.