““We need to maximize the potential of linking established corporations and start-ups across Europe, which is a clear win-win. The more that start-ups can access invaluable resources and market insight, the more established corporations can benefit from the exciting new innovations of our most talented innovators. It is this win-win scenario that we would like to achieve with the European Innovation Council, starting with the €2.7bn pilot phase that was launched just a few weeks ago that includes financial support for innovative SMEs and mentoring and coaching from experienced players.”

– Carlos Moedas, European Commissioner