European Innovation Council
The European Innovation Council (EIC) is Europe’s flagship innovation programme to identify, develop and scale up breakthrough technologies and game changing innovations throughout the lifecycle from early stage research, to proof of concept, technology transfer, and the financing and scale up of start-ups and SMEs.
The EIC will support innovators with breakthrough ideas and market creating innovations that currently face high risks due to the fragmentation of the innovation ecosystem, lack of risk finance and risk aversion.
A unique feature of the EIC is that it provides funding for individual companies (mainly startups and SMEs) through both grants and investments. The investments currently take the form of direct equity or quasi-equity investments.
Technology readiness level (TRL) scale is used to assess the maturity level of a particular technology. TRL scale uses the parameter that evaluates the maturity of a technology according to a series of indicators that go from 1 (the basic principles are documented) to 9 (the technology is released, and industrial production is started). The TRL scale was introduced in EU funded projects in 2012 and is currently the point of reference for determining the development or maturity of a research and its readiness for the market uptake and potential investments.
The TRL levels and definitions are as follows:
- TRL 1: basic principles observed and reported
- TRL 2: technology concept or application formulated
- TRL 3: analytical and experimental critical function or characteristic proof-of-concept
- TRL 4: technology basic validation in a laboratory environment
- TRL 5: technology basic validation in a relevant environment
- TRL 6: technology model or prototype demonstration in a relevant environment
- TRL 7: technology prototype demonstration in an operational environment
- TRL 8: actual technology completed and qualified through test and demonstration
- TRL 9: actual technology qualified through successful mission operations.
The Technology Readiness Level (TRL) can be self-assessed using tools on the Euraxess website or the Horizon Europe NCP Portal (under the section ‘Documents’).