![]() | This article contains content that is written like an advertisement. (August 2023) |
![]() | |
Established | 11 March 2008 |
---|---|
Focus | Innovation & Technology |
Chair | Nektarios Tavernarakis (Governing Board) |
Head | Martin Kern (Director) |
Budget | €3 billion for 2021-2027 |
Members | 27 Member States |
Address | Infopark - Building E
Neumann Janos utca 1117 Budapest |
Location | , Hungary and across the EU member states |
Website | eit.europa.eu |
The European Institute of Innovation and Technology (EIT) is an independent body of the European Union with juridical personality, established in 2008 intended to strengthen Europe's ability to innovate.[1] The EIT’s three “core pillars” of activities are: entrepreneurial education programmes and courses across Europe that transform students into entrepreneurs; business creation and acceleration services that scale ideas and budding businesses; and innovation-driven research projects that turn ideas into products by connecting partners, investors, and expertise.
As part of the EU's Framework Program for Research and Innovation ‘Horizon Europe’[2] under Pillar 3 ‘Innovative Europe’, the EIT contributes to achieving the four key strategic orientations of the Horizon Europe Strategic Plan. These are: promoting an open strategic autonomy by leading the development of key digital, enabling and emerging technologies, sectors and value chains; restoring Europe’s ecosystems and biodiversity and managing sustainably natural resources; making Europe the first digitally-enabled circular, climate-neutral and sustainable economy; creating a more resilient, inclusive and democratic European society.[3] The EIT is funded through Horizon Europe.[4]
In total, nine KICs (Knowledge and Innovation Communities) have been created by the EIT (European Institute of Innovation & Technology) since its creation in 2010.[5]