EdgeAI is as a key initiative for the European digital transition towards intelligent processing solutions at the edge. EdgeAI will develop new electronic components and systems, processing architectures, connectivity, software, algorithms, and middleware through the combination of microelectronics, AI, embedded systems, and edge computing. EdgeAI will ensure that Europe has the necessary tools, skills, and technologies to enable edge AI as a viable alternative deployment option to legacy centralised solutions, unlocking the potential of ubiquitous AI deployment, with the long-term objective of Europe taking the lead of Intelligent Edge. EdgeAI will contribute to the Green Deal twin transition with a systemic, cross-sectoral approach, and will deliver enhanced AI-based electronic components and systems, edge processing platforms, AI frameworks and middleware. It will develop methodologies to ease, advance and tailor the design of edge AI technologies by co-ordinating efforts across 48 of the brightest and best R&D organizations across Europe. It will demonstrate the applicability of the developed approaches across a variety of vertical solutions, considering security, trust, and energy efficiency demands inherent in each of these use cases. EdgeAI will significantly contribute to the grand societal challenge to increase the intelligent processing capabilities at the edge.