Project description
Advancing climate technology innovation in Europe
With people around the world witnessing first-hand the impact of climate change on the planet, mitigation strategies are vital. With this in mind, the EU-funded RACE project will develop mechanisms and methodologies between the European Innovation Council (EIC) and the European Institute of Innovation and Technology (EIT) Climate-KIC, which is a Knowledge and Innovation Community (KIC), to accelerate the transition to a zero-carbon, climate-resilient society. These mechanisms will include a strategy for testing EIT Climate-KIC’s climate impact framework to predict the impact of newer innovations, as well as the strong support for innovations (considered as groundbreaking by the EIC Accelerator early-stage programme and the EIC Pathfinder programme). The project will also facilitate access to the EIC Accelerator to late-stage portfolio companies from the EIT Climate-KIC.
Objective
The pilot project aims to develop and test coordination mechanisms between the EIC and EIT Climate-KIC and their innovation communities, looking specifically at synergies and complementarity between the two organisations. The project will test three areas with specific objectives aiming particularly at creating synergies to align and improve our innovation portfolios towards the European Green Deal goals.
The first area of the proposal supporting EIC and 60 to 80 of its beneficiaries is focused on testing EIT Climate-KIC’s climate impact framework to forecast the climate impact of early-stage innovations and integrate a methodology for measuring systems transformation potential at a portfolio level, supporting a 1.5°C scenario.
The second area suggests support up to 25 EIC beneficiaries stemming out of the EIC Pathfinder programming and especially under Transition to Innovation, Innovation Launchpad and/or the EIC Accelerator Early Stage Programme. It will identify and support those with ground-breaking climate innovations as well as those who are committed to bringing new products and/or businesses to the market and improve their market uptake.
The third area of the project is looking to provide access to 10-15 EIT Climate-KIC’s later-stage portfolio companies to the EIC Accelerator, especially the newly created blended finance instrument. The goal of this work is to design an effective process to channel and fast-track EIT Climate-KIC qualified portfolio companies to EIC’s Accelerator instruments.
The results of the project will lead to recommendations to frame a future long-term collaboration framework between EIC and EIT Climate-KIC under Horizon Europe.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business business and management entrepreneurship
- social sciences economics and business economics sustainable economy
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.6. - SOCIETAL CHALLENGES - Europe In A Changing World - Inclusive, Innovative And Reflective Societies
MAIN PROGRAMME
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H2020-EU.3.6.2.2. - Explore new forms of innovation, with special emphasis on social innovation and creativity and understanding how all forms of innovation are developed, succeed or fail
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H2020-EU.3.6.2.4. - Promote coherent and effective cooperation with third countries
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
CSA - Coordination and support action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-IBA-EIC-CLIMATE-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1018 DC Amsterdam
Netherlands
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.