New political agreement reached between the European Parliament and EU Member States on the legal basis of the European Institute of Innovation and Technology and its Strategic Innovation Agenda 2021 – 2027.
Trilogue negotiations have now concluded, pending the final approval of the legal texts by the European Parliament and the Council.
‘I welcome the political agreement on the future of the European Institute of Innovation and Technology, which is an integral part of the new Horizon Europe programme 2021-2027.
“I particularly welcome the improvement made in the EIT to ensure a greater geographical reach of the EIT to tackle the innovation divide, and the fact that the EIT will launch two new Knowledge and Innovation Communities in the coming years, one operating in the field of the Cultural and Creative Sectors and Industries and one on Water, Marine and Maritime Sectors and Ecosystems. Both fields of activity are important for the Commission given their contribution to addressing existing and future societal challenges.’
‘We will boost the EIT Community’s impact, including in higher education, regional development, and by setting up two new EIT Knowledge and Innovation Communities.’
The proposals adopted will align the EIT with Horizon Europe, the EU’s research and innovation programme for 2021 to 2027, delivering on the EU’s commitment to further boost Europe’s innovation potential. With a budget of nearly EUR 3 billion, representing a 25% increase or an EUR 600 million compared to the previous funding period, the EIT will drive the recovery of the economy as well as the green and digital transition to build a more sustainable and resilient society. The EIT will boost innovation increasing the impact of its activities and by helping 750 higher education institutions become more innovative, supporting 30 000 entrepreneurial students, bringing 4 000 innovations to the market and powering 700 start-ups.
The EIT brings leading companies, universities and research centres together across Europe in Knowledge and Innovation Communities. With its new strategy, the EIT will put increased emphasis on its regional dimension: the strengthened Regional Innovation Scheme will provide targeted support to countries who lag behind in innovation performance. Also, a new pilot initiative will increase the entrepreneurial and innovation capacity of higher education institutions. Finally, the EIT will scale up its collaboration with the European Innovation Council (EIC), which will help boost Europe’s overall innovation capacity.
The EIT is one of the three components of the ‘Innovative Europe’ pillar of the Horizon Europe programme. Horizon Europe provides the funding for the EIT under the EU’s long‑term budget 2021-2027 and defines its rationale, added value, areas of intervention and broad lines of activity. The legal basis of the EIT remains the EIT Regulation that sets out its mission, its key tasks and the framework for its functioning. The Strategic Innovation Agenda 2021-2027, in turn, outlines the strategy and priorities of the EIT for the next programming period, its objectives, key actions, activities, mode of operation, and expected impacts.