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AI · Credibility 92/100 · · 1 min read

European Commission Launches AI Innovation Package — September 13, 2023

The European Commission unveiled measures to accelerate trustworthy AI adoption, including support for AI factories, testing facilities, and an SME voucher scheme.

The package complements the AI Act by mobilising €4 billion in public and private investment, establishing testing-and-experimentation facilities, and launching digital innovation hubs focused on generative AI. It also proposed an AI governance framework for startups and SMEs.

  • AI factories. New compute and data infrastructures will help startups train models within the EU.
  • Regulatory sandboxes. Member states are encouraged to scale sandboxes that provide legal certainty and technical support.
  • Skills and adoption. The package funds advanced digital skills programmes and onboards SMEs through vouchers and coaching.

Business development teams should evaluate EU funding calls tied to the innovation package to accelerate compliant product rollout.

  • European Union
  • Innovation
  • AI Investment
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