The European Institute of Innovation and Technology (EIT) is bringing real and lasting change to the EU’s innovation landscape by creating new environments where higher education, research, public administrations and business work together to produce disruptive innovation.
The EIT is a key driver of sustainable European economic growth and competitiveness: it works to reinforce the innovation capacity of the EU and its Member States in order to address grand challenges facing European society. From 2014 to 2020, the EIT will receive nearly €2.8bn to continue promoting innovation in Europe.
The EIT has been created to enhance Europe's ability to innovate by integrating, for the first time at EU level, education and entrepreneurship with research and innovation. The main operational arm of the EIT is its Knowledge and Innovation Communities (KICs). Through them the EIT develops and tests a new model of how innovation is approached, managed, financed and delivered in Europe. The KICs offer a genuine opportunity for top innovation players to be part of a highly collaborative community, based on the principles of excellence and commitment, to achieve pan-European impact.
The EIT's three initial KICs were established in 2010 to address:
The EIT and these existing KICs have already brought about promising results by training more than 1,000 students, creating more than 100 start-ups which have launched more than 400 products and services.
There are now serveral established KICs