The European Commission has proposed an update of the legal base of the European Institute of Innovation and Technology (EIT) as well as its new Strategic Innovation Agenda for 2021-2027.
The EIT is an independent EU body created in 2008 that is strengthening Europe’s ability to innovate. The proposals adopted today will align the EIT with the EU’s next research and innovation programme Horizon Europe (2021-2027) delivering on the Commission’s commitment to further boost Europe’s innovation potential. With a proposed budget of EUR 3 billion, which represents an increase of EUR 600 million or 25 percent compared to the current Strategic Innovation Agenda (2014-2020).
The Strategic Innovation Agenda proposed for 2021-2027 is designed to achieve the following goals:
- Increasing the regional impact of Knowledge and Innovation Communities: In the future, the EIT will strengthen its networks, involving more higher education institutions, businesses and research organisations by developing regional outreach strategies.
- Boosting the innovation capacity of higher education: The EIT will support 750 higher education institutions with funding, expertise and coaching, enabling them to develop economic activities within their area of interest.
- Launch of new KICs: The EIT will launch two new KICs, selected in fields most relevant to Horizon Europe policy priorities. The first new KIC is set to focus on the cultural and creative industries and is planned to start in 2022.