What is it?
The European Institute of Innovation and Technology (EIT) is an independent EU body located in Budapest (Hungary). Its mission is to reinforce the innovation capacity of the EU and its Member States and to address societal challenges in order to foster growth and create jobs.
The EIT is part of Horizon 2020, the EU Framework Programme for Research and Innovation, which ensures that the EIT works in partnership with other EU initiatives and programmes.
What has been done so far?
The EIT established 8 Knowledge and Innovation Communities (KICs) and two more will be created. These communities are supporting innovation and entrepreneurship, as well as generating breakthroughs in the ways that the higher education, research, and business sectors collaborate.
The current KICs are in the areas of:
- Climate change (EIT Climate-KIC)
- Sustainable energy (EIT InnoEnergy)
- Digital technologies (EIT Digital)
- Healthy living and active ageing (EIT Health)
- Raw materials (EIT RawMaterials)
- Food4Future (EIT Food)
- Urban Mobility – smart, green and integrated urban transport (to be designated in 2018)
- Added-value Manufacturing – strengthening and increasing the competitiveness of Europe’s manufacturing industry (to be designated in 2018)
Since its creation, the EIT and its KICs, have brought together more than 1,000 partners from across Europe and beyond, supported more than 300 innovative start-ups, incubated more than 1,200 business ideas and launched more than 400 new products and services. More than 1,200 students have graduated from the EIT labelled education programmes at Master and PhD levels with a further 5,000 graduates estimated by 2020.
More information on the EIT can be found via this factsheet.