The Future of The Future and Emerging Technologies (FET), a possible nucleus for the European Innovation Council
The report discusses the potential of the Future and Emerging Technologies (FET) program as a core element for the European Innovation Council, highlighting its strengths, challenges, and recommendations for expansion and improvement.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | European Commission |
| Authors: | Adrienne Corboud Fumagalli, Ana Helman, Ana Proykova, Beatrice Pesquet-popescu, Cecilia Lundberg, Christian Keysers, Clivia Sotomayor Torres, Domenico Laforenza, Eefje Cuppen, François Bodin, Gloria Origgi, Lluis Torner., Lucia Sorba, Marc Heyns, Marian Joels, Marie-louise Saboungi, Marja Makarow, Mina Teicher, Natalia Manola, Nigel Gilbert, Rainer Fischer, Steen Rasmussen, Vladimir Marik, Yamir Moreno, Špela Stres, Jerzy M. Langer |
| Geographic Focus: | Europe |
| Time Horizon: | 2020 |
| Page count: | 7 pages |
Methods
The research method involved extensive analysis by the FET Advisory Group, consultations with the European Commission DG Connect FET team, and summarization by Dr. Paul T. Kidd.
(Generated with the help of GPT-4)
Key Insights
The FET program, part of Horizon 2020, focuses on high-risk, high-impact research and is proposed as the nucleus for the European Innovation Council (EIC). The report analyzes FET's flexible schemes, community building, and innovation potential, emphasizing the need for increased funding and a decision-making FET Board. It suggests FET's evolution to address oversubscription issues and to foster entrepreneurship and innovation. The report also outlines the challenges of bridging early-stage funding and market exploitation, recommending a more diverse project duration and funding stages. It proposes the inclusion of SMEs, second-stage funding, and proof of concept schemes to enhance Europe's competitiveness. The EIC, modeled on FET, would support high-risk applied research and act as a benchmark for tackling Grand Challenges. The report concludes that FET's strengths make it an ideal candidate for the EIC's foundation, with a high-level Board guiding its balance between scientific excellence and technological implementation.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: Europe geographic scope | English publication language | community building | decision-making board | economy | entrepreneurship | european innovation council | fet program | funding increase | future and emerging technologies | high-impact technology | high-risk research | 2020 time horizon | 2020s time horizon | innovation | innovation potential | market exploitation. | prospective technological studies | research | science | technological innovation | technology