European Commission - Press release
European Institute of Innovation and Technology (EIT) to create more innovation hubs
Brussels, 30 November 2011 - The European Institute of Innovation and Technology (EIT) is to significantly step up its efforts to drive innovation and entrepreneurship in the EU with the creation of six new cross-border innovation hubs, known as Knowledge and Innovation Communities (KICs), in 2014-2020. The European Commission has allocated a budget of €2.8 billion1 in the next financial framework to enable the EIT to expand and consolidate the development of its existing KICs which focus on climate change, sustainable energy and ICT.
"The new package we are proposing for the European Institute of Innovation and Technology is great news for European business, research and academia. We are investing in creating the entrepreneurs of tomorrow and strengthening the innovation capacity of the EU so that we remain a match for the world's best," said Androulla Vassiliou, Commissioner for Education, Culture, Multilingualism and Youth.
Today, the Commission also adopted a proposal for the EIT 'Strategic Innovation Agenda', which defines the framework for the Institute's operations in the years to come. The Commission expects it to provide an impetus for creating up to 600 start-up companies and for training 25 000 students and 10 000 PhDs in new curricula combining excellent science with a strong entrepreneurship component.
The EIT brings together excellent higher education institutions, research centres and businesses with a view to tackling major societal challenges in an innovative way. It complements other European education and research initiatives and is at the heart of the new Horizon 2020 Framework Programme for Research and Innovation (see more in the MEMO/11/851). The Commission plans to set up the new KICs in two phases.
The themes were selected on the basis of criteria established by the Commission, following a public consultation with the innovation community.
The core mission of the EIT, which was established in 2008 as an autonomous EU body, is to promote the competitiveness of Member States by bringing together excellent higher education institutions, research centres and businesses to focus on major societal challenges. It aims to achieve its objective through the KICs, a pioneering concept of cross-border public-private-partnerships. The EIT has an administrative headquarters in Budapest while the KICs operate from 16 sites throughout Europe, from Barcelona to Stockholm.
For more information:
EIT website: http://eit.europa.eu
EIT external evaluation
Results of the open public consultation
€3.2 billion taking account of estimated inflation in 2014-2020