Oct 30, 07:17 AM

EU Announces $1.5 Billion Investment in Deep Tech and EIC's €1.4 Billion Funding for 2025 to Boost AI Innovation

The European Union has announced a significant investment of $1.5 billion aimed at bolstering the region's deep tech sector. This initiative is part of a broader strategy to enhance innovation and competitiveness in areas such as artificial intelligence (AI). Additionally, the European Innovation Council (EIC) plans to allocate €1.4 billion in 2025 to support deep tech research and high-potential startups. This funding is expected to create an ecosystem that nurtures science-based businesses by leveraging European research and development efforts. The EU's investment comes as part of its efforts to stimulate economic growth and keep pace with global leaders in technology, particularly the United States and China.