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    Home » EU launches support package for Artificial Intelligence startups, SMEs

    EU launches support package for Artificial Intelligence startups, SMEs

    npsnps25 January 2024 Research & Technology
    — Filed under: EU Funding EU News Headline2 SMEs
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    EU launches support package for Artificial Intelligence startups, SMEs

    Artificial intelligence – Image Pixabay

    (BRUSSELS) – The EU Commission launched a package of measures Wednesday to support European startups and SMEs in development of Artificial Intelligence (AI) that is ‘trustworthy’ and ‘respects EU values’.

    The package includes a proposal for privileged access to supercomputers to AI startups and the broader innovation community.

    “You need computing power to develop AI. A lot of it. So we want to give SMEs and start-ups privileged access to the network of European supercomputers,” said EC vice-president Margrethe Vestager: “We are committed to innovation of AI and innovation with AI. And we will do our best to build a thriving AI ecosystem in Europe.”

    The package contains:

    • An amendment of the EuroHPC Regulation to set up AI Factories, a new pillar for the EU’s supercomputers Joint Undertaking activities. This includes:
      • Acquiring, upgrading and operating AI-dedicated supercomputers to enable fast machine learning and training of large General Purpose AI (GPAI) models;
      • Facilitating access to the AI dedicated supercomputers, contributing to the widening of the use of AI to a large number of public and private users, including startups and SMEs; 
      • Offering a ‘one-stop shop’ for startups and innovators, supporting the AI startup and research ecosystem in algorithmic development, testing evaluation and validation of large-scale AI models, providing supercomputer-friendly programming facilities;
      • Enabling the development of a variety of emerging AI applications based on General Purpose AI models.
    • A decision to establish an AI Office within the Commission, to ensure development and coordination of AI policy at European level, as well as supervise the implementation of the forthcoming AI Act.
    • An EU AI Start-Up and InnovationCommunication outlining additional activities:
      • Financial support from the Commission through Horizon Europe and the Digital Europe programme dedicated to generative AI. This package will generate an additional overall public and private investment of around EUR 4 billion until 2027;
      • Accompanying initiatives to strengthen EU’s generative AI talent pool through education, training, skilling and reskilling activities;
      • Encourage public and private investments in AI start-ups and scale-ups, including through venture capital or equity support (including via new initiatives of the EIC accelerator Programme and InvestEU);
      • The acceleration of the development and deployment of Common European Data Spaces, made available to the AI community;
      • The ‘GenAI4EU’ initiative, to support development of novel use cases and emerging applications in Europe’s 14 industrial ecosystems, as well as the public sector. Application areas include robotics, health, biotech, manufacturing, mobility, climate and virtual worlds.

    The Commission is also establishing, with a number of Member States, two European Digital Infrastructure Consortiums (EDICs):

    • The ‘Alliance for Language Technologies’ (ALT-EDIC) aims to develop a common European infrastructure in language technologies to address the shortage of European languages data for the training of AI solutions, as well as to uphold Europe’s linguistic diversity and cultural richness. This will support the development of European large language models.
    • The ‘CitiVERSE’ EDIC will apply state-of-the-art AI-tools to develop and enhance Local Digital Twins for Smart Communities, helping cities simulate and optimise processes, from traffic management to waste management.

    Finally, the Commission has adopted a Communication outlining the Commission’s own strategic approach to the use of Artificial Intelligence.

    EU AI Start-Up and Innovation Communication

    Amendment to Regulation establishing the European High-Performance Computing Joint Undertaking

    European Artificial Intelligence Act

    Commission Decision establishing the European Artificial Intelligence Office

    AI Pact

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