1 Amendments of Jens GEIER related to 2024/2109(INI)
Amendment 292 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Believes that an expanded European Research Council (ERC) and European Innovation Council (EIC) should be at the heart of the part of FP10 dealing with a European competition of ideas and that this part should receive half of the FP10 budget; recommends that these programmes be designed so that they create a European, bottom-up funnel for innovation to develop quickly from fundamental science to innovation scale- up; considers that the EIC can only succeed if it can both offer blended finance as a single project and act with the same speed and agility as private actors on the venture capitalist market through a tailor-made legal entity for implementation; underlines that the strengthened autonomy and self- governance of both the ERC and the EIC are crucial to achieving this; holds the opinion that basic research should go beyond ERC and EIC and that funding basic research must also be considered when tackling the EU’s strategic objectives; is therefore convinced that the ultimate source of innovation is the creation of new information through basic research, which must coexist (with other forms of research) with an emphasis on high-risk breakthrough research and innovation;