Today, the European Association of Innovation Consultants is releasing its first collective report “A Guide to Next Generation EU for industry to better understand and seize its opportunities.”
The pandemic caused by the SARS-CoV-2 virus has led to an unprecedented health and economic crisis in our society. Companies of all sizes and entire sectors have been impacted by the pandemic. To overcome this crisis, strengthen and transform our economy, making it greener, more digital and more resilient, creating new opportunities and more jobs, the Commission has launched a temporary instrument, called “Next Generation EU,” which raises the European Union's budget to €2.018 trillion in current prices, the largest economic stimulus ever funded by the EU.
The EAIC is aware of the complexity involved in the implementation of these funds in terms of governance, type of investments, reforms and budgets. Alex Alvarez, board member of EAIC and coordinator of the report said “for this reason, we have created this guide to help the Commission inform industry to know how these stimulus measures will be deployed in Member States, as well as the existing synergies among them (priorities, instruments and countries). We hope this guide will ease the implementation of the funds and, therefore, the achievement of the objectives set by the European Union.”
EAIC President, Pekka Koponen added: “Next Generation EU is the biggest innovation funding opportunity for European Industry in EU history. Its potential to boost green and digital transition of the continent is unforeseen. However, it is not easy to get. Funding is distributed through hundreds of regional, national and EU-instruments in all EU languages. Domestic partner is often needed, while many times there are no competitive domestic suppliers available.
The market is showing signs of overheating in many industries already now when distribution of funding only begins. Therefore, finding committed partners, becomes even more important. Managing resulting projects requires specific skills as well. For all these issues competitive advice is needed. This is why we made this guide.”
The guide currently covers 21 countries, EAIC intends to update this guide regularly and incorporate new sections to facilitate the identification of opportunities for industry.
Some Facts on Next Generation EU
The European Association of Innovation Consultants (EAIC) gathers active Innovation Consultants in the field of European research and innovation projects. The group aims to facilitate the exchange and promotion of best practices and success stories, as well as to uphold professional skills and expertise in European RDI projects. Today, the group gathers 50 members, active in more than 24 countries around Europe.
Marie Latour, Board member and Communication coordinator: +32 4 73 89 63 74 –firstname.lastname@example.org
Pekka Koponen, President: +358 40 545 0008 – email@example.com
Alex Alvarez, Board member and Report coordinator: +34 607 31 21 16 –firstname.lastname@example.org
Science|Business article "Innovation consultants decode EU pandemic recovery plans"