In General, Innovation

Two days ago, the EC launched a package of measures intended to support European startups and SMEs in the development of trustworthy Artificial Intelligence (AI). This development has to be deployed in full respect of EU values and rules as designed in the EU AI Act, the world’s first comprehensive law on Artificial Intelligence, issued end of December 2023

You are an Artificial Intelligence startup or SME: why bother?

Because the EC is now deploying its announced new initiative to make Europe’s supercomputers available to innovative European AI startups to train their trustworthy AI models.

This AI innovation package consists of a broad range of measures which support AI startups and innovation. They include as well a proposal to provide privileged access to supercomputers to AI startups and the broader innovation community.

The package contains, among the others:

  • Financial support from the Commission through Horizon Europe and the Digital Europe programme dedicated to generative AI. This package will generate an additional overall public and private investment of around €4 billion until 2027; ask additional info to our colleagues NCP Brussels and notably Mrs Marion Perrin
  • Accompanying initiatives to strengthen EU’s generative AI talent pool through education, training, skilling and reskilling activities;
  • Further encourage public and private investments in AI start-ups and scale-ups, including through venture capital or equity support (including via new initiatives of the EIC accelerator Programme and InvestEU); ask additional info to our NCP Brussels colleagues and notably Mr Frédéric Suche
  • The acceleration of the development and deployment of Common European Data Spaces, made available to the AI community, for whom data is a key resource to train and improve their models. A document on the state-of-the-art is available HERE and includes info on EU funded projetcs per sector (eg energy, smart cities, health, tourism, cultural heritage, etc)
  • The ‘GenAI4EU’ initiative, which aims to support the development of novel use cases and emerging applications in Europe’s 14 industrial ecosystems, as well as the public sector. Application areas include robotics, health, biotech, manufacturing, mobility, climate and virtual worlds.

Info on the fill package : HERE

If you are an Artificial Intelligence startup or SME and you are based in Brussels, contact us at bene@hub.brussels to learn more

You have a AI solution for a specific domains and look for business development opportunities?

Then, one of the potential options to expand your business abroad is to relay on our support for the identification of qualified target (new clients / new partners) via our matchmaking event (eg Human Centric A.I B2B event ) or the European database containing collaboration opportunities (offers and requests)

Looking for personalised advice and support?

Ask Benjamin Carnec (bcarnec@hub.brussels) or Barbara Andreani (bandreani@hub.brussels)

Credits image : DigitalEU

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