InfoFlash Annual Report 2024: European Innovation at a Glance
Our annual overview of EU innovation funding, startup activity, and policy milestones that defined 2024 — with projections for 2025.
2024 marked a pivotal year for European innovation. Despite global economic headwinds, EU innovation funding mechanisms deployed a record €42 billion across all instruments — Horizon Europe, Digital Europe, InvestEU, and the EIC combined.
Key 2024 Figures
- 12,400+ startups funded across EU programmes
- €42B total innovation funding deployed
- 847 new deep tech companies reached Series A
- 71 EIC portfolio unicorns (up from 48 in 2023)
- 100% of Horizon Europe thematic partnerships launched
- 28 new European Digital Innovation Hubs operational
2025 Outlook
The mid-term review of Horizon Europe confirmed a budget trajectory on track, with the Commission projecting €14.5 billion in new commitments for 2025. The incoming mandate's focus on innovation, competitiveness, and AI is expected to drive further increases in deep tech and sovereignty-tech investments.
InfoFlash will continue to track and report on these developments across our three languages, with expanded coverage of regional innovation ecosystems and cross-border collaboration stories.
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