Professor Dermot Diamond appointed to the advisory board of the European Innovation Council
Insight's Professor Dermot Diamond has been appointed to the advisory board of the European Innovation Council.
Diamond is among 22 exceptional innovators from the worlds of entrepreneurship, venture capital, science and technology who have been appointed to the EIC Advisory Board, which will provide strategic leadership to the EIC. The Board, which is chaired by SFI’s Mark Ferguson, will oversee the roll out of the current pilot and lead the strategy and design of the EIC under Horizon Europe. You can see a full list of appointees here.
Speaking about the appointment Professor Diamond said, “It is a great personal honour to be appointed as a member of the newly established European Innovation Council (EIC) Pilot Advisory Board. This is a great opportunity to play a positive role in defining the ethos and character of the newly established EIC during its formative phase, in order to create effective bridges between research that seeks answers to fundamental questions, and innovative ideas that can address major societal needs. Achieving this ambitious goal is a significant challenge due to the complex relationship between research, innovation and societal impact. But with the commitment to change and restructuring which is evident from the plans for “Horizon Europe”, the next phase of European Union programme for investment in Research and Innovation, I am confident that the Advisory Board collectively will deliver new and more effective ways to translate research activity into positive societal impact.”
The EIC will provide a one stop shop for innovators to create disruptive and breakthrough innovations – from advanced technologies to start-ups and scale-ups. The EIC Advisory Board will provide strategic leadership and oversee implementation of EIC funding. This includes the current pilot stage (€2.2 billion in 2019-20) where equity funding (in combination with grants) will be introduced (the so-called “EIC Accelerator”); and bringing in support for future and emerging technologies (the “EIC Pathfinder”)The Board will also advise on the launch of the full EIC from 2021 (proposed budget €10 billion). The Board’s role is to make sure that the EIC is innovator-centric and meets the real needs of innovators for fast, agile funding and access to Europe wide innovation ecosystems.
Professor Noel O’Connor, acting CEO of Insight said, “Professor Diamond's appointment is a reflection of his world-class standing in the research community and recognises his ongoing commitment to scientific excellence and innovation. I am delighted for Dermot and congratulate him on behalf of the entire of Insight.”