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European Institute of Innovation and Technology (EIT) to create more innovation hubs

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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 billion 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.

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