Modern electronic technologies are fast approaching the limits of power processing. New methods for processing the massive generation of data stemming from the exponential growth of internet applications are necessary for artificial intelligence applications. The EU-funded PHOENICS project aims to lay the foundations for a disruptive neuromorphic computing platform based on hybrid photonic integrated circuits. Project partners have demonstrated the significant potential a photonic approach can offer by establishing a new brain-inspired computing paradigm using phase-change materials. By implementing scalable systems based on foundry processing for creating bio-mimicking material platforms, PHOENICS will provide a new generation of photonic hardware accelerators for neuromorphic processing and develop a strong ecosystem for photonic computing.