Horizon prizes are part of the European Innovation Council pilot (EIC pilot). This was launched on 27th October 2017 as part of the Horizon 2020 Work programme 2018-2020, when the SME Instrument, the Fast Track to Innovation (FTI), FET-Open and Horizon Prizes, were brought under the EIC pilot umbrella, to provide a 'one stop shop' for funding of innovators/innovations in the EU.
Individual prizes amount to 5 or 10 million euro. The total budget for Horizon Prizes until 2020 is €40 million.
The six challenges to be solved in 2018-2020 revolve around:
For more information: EIC pilot prizes website