European Institute of Innovation and Technology (EIT) to Create More Innovation Hubs

The EIT has been granted €2.8 billion by the European Commission for its next financial framework. With this increased budget, the EIT plans to create six new cross-border innovation hubs between 2014 and 2020. The objective of these hubs, known as Knowledge and Innovation Communities (KICs), is to drive innovation and entrepreneurship in the EU. Each hub is focused on major societal challenges and brings together excellent higher education institutions, research centres and businesses. The new hubs will be set up in two phases starting in 2014 (innovation for healthy living and active ageing, food4future, raw materials) and continuing in 2018 (added value manufacturing, smart secure societies and urban mobility). Read More about the EIT