EIT scales up support for innovators across Europe in 2020

In 2020, the European Institute of Innovation & Technology (EIT) will invest EUR 500 million in its Knowledge and Innovation Communities across Europe – the EIT Governing Board decided. This investment will drive European innovation in the areas of climate (EIT Climate-KIC), digitisation (EIT Digital), food (EIT Food), health (EIT Health), sustainable energy (EIT InnoEnergy), advanced and sustainable materials (EIT RawMaterials), manufacturing (EIT Manufacturing) and urban mobility (EIT Urban Mobility).

The EIT’s eight Knowledge and Innovation Communities competed for EUR 500 million and were evaluated against their strategies and business plans for 2020, as well as their performance to date. Based on this, the EIT Governing Board decided to allocate the following grants (in order of their selection in 2009, 2014, 2016, and 2018*): 

EIT Climate-KIC: EUR 78.4 million

EIT Digital: EUR 66.2 million 

EIT InnoEnergy: EUR 77.8 million

EIT Health: EUR 85.1 million

EIT Raw Materials: EUR 81.7 million

EIT Food: EUR 55.1 million

EIT Manufacturing: EUR 26.8 million

EIT Urban Mobility: EUR 28.8 million

In addition, the EIT Governing Board also decided to allocate EUR 30 million to the EIT Regional Innovation Scheme (EIT RIS) – the programme that helps modest and moderate regions (according to the European Innovation Scoreboard) to fully realise their innovation potential through the sharing of good practice and experience from across the EIT Community. The EIT RIS fund will be available to all EIT Innovation Communities that include EIT RIS eligible activities in their 2020 Business Plans.  The EIT Governing Board also decided to allocate EUR 12.5 million for joint activities between Knowledge and Innovation Communities, as for example in the areas of artificial intelligence and Skills 4 Future.

In addition, the EIT Governing Board put in place a Task Force on enhancing innovation and entrepreneurship in higher education institutions, in preparation for the EIT’s role in Horizon Europe. The Task Force will be chaired by Patrick Prendergast, Member of the EIT Governing Board, and will include representatives of the European Commission (DG EAC).

Dirk Jan van den Berg, Chairman of the EIT Governing Board, said: ‘I am very pleased to see the progress in the past year, which is strongly based on the focused stewardship of the EIT’s Governing Board. It is crucial that the opportunities the EIT community offers innovators are scaled-up across the whole of Europe. Why? This investment is not just to create another product, or power another start-up; it’s to bring about the urgent need for more innovative European solutions at a much larger scale to tackle pressing societal challenges.’    

Martin Kern, EIT Director, added: ‘The EIT is now Europe’s proven innovation engine and 2020 will see strong impact from our eight Knowledge and Innovation Communities, based on their submitted plans. Our results clearly show that the EIT’s investment delivers and turns ground-breaking ideas into products and services for a greener, healthier, more sustainable Europe. We particularly look forward to scaling up our support for innovators and entrepreneurs in countries where EIT Knowledge and Innovation Communities have a limited presence. I would like to thank the EIT Governing Board Members for their strong strategic steering of the EIT community.

Investing in what works

The 2020 funding will step up activities for entrepreneurs, innovators, and students, including business creation and acceleration services, entrepreneurial educational programmes and innovation-driven research projects. These activities have been shown to work, delivering tangible impact for Europe. In 2020, the EIT Community plans to power 1000 start-ups and scale-ups and launch more than 360 new products and services to contribute to Europe’s efforts of tackling global challenges. More than 900 students are expected to graduate from EIT labelled master and doctoral programmes, strengthening the pool of talented and entrepreneurially-minded change agents eager to transform their best ideas into solutions for Europe. It is foreseen that in 2020 alone, ventures supported by the EIT-Community will raise over EUR 400 million in external capital.

Since the EIT was set up in 2008, it has created Europe’s largest innovation community, with more than 1 000 partners and 50 innovation hubs. This has delivered support to more than 2 000 start-ups and scale-ups, created more than 6 100 jobs and more than 900 new products and services. More than      2200 students have graduated from EIT-labelled master and doctoral programmes. To date, EIT-supported ventures have raised more than EUR 1.5 billion in external capital.

EIT BACKGROUND: Europe’s future is connected to its power to innovate!

What is the European Institute of Innovation and Technology (EIT)? The EIT was created in 2008 to strengthen Europe’s ability to innovate and is an integral part of Horizon2020, the EU Framework Programme for Research and Innovation. The EIT is a unique EU initiative, the only one to fully integrate business, education and research. The Institute supports the development of dynamic pan-European partnerships among leading universities, research labs and companies. (EIT in a nutshell Infographic)

What has the EIT Community achieved? EIT Community Success Stories

What is the EIT Governing Board? The Governing Board is the EIT’s principal governing body, entrusted with the strategic leadership and overall direction of the operational activities implemented by the EIT Headquarters in Budapest. The Governing Board brings together 12 leading Members from across Europe, balancing prominent expertise in business, education, innovation and research fields.

What challenges do the EIT’s Knowledge and Innovation Communities focus on? EIT Knowledge and Innovation Communities work in the area of:

Climate: accelerating the transition to a zero-carbon economy, EIT Climate-KIC,

Digitisation: driving Europe’s digital transformation, EIT Digital,

Energy: achieving a sustainable energy future for Europe, EIT InnoEnergy,

Health: giving EU citizens greater opportunities to enjoy a healthy life, EIT Health,

RawMaterials: developing advanced & sustainable materials for Europe, EIT RawMaterials,

Food: leading the global revolution in food innovation and production, EIT Food,

Urban mobility: solving mobility challenges of our cities, EIT Urban Mobility, and

Manufacturing: strengthen the competitiveness of the EU’s manufacturing industry, EIT Manufacturing.

They offer a wide range of innovation and entrepreneurship activities. This includes education courses that combine technical skills with entrepreneurial ones, business creation and acceleration services, and innovation-driven research projects.

*The Knowledge and Innovation Communities have a lifespan of 7-15 years. During this time EIT funding is in principle gradually increasing until year seven and starts to decrease thereafter.


More information on EIT Community activities. 

The EIT – Making Innovation Happen! For more information visit eit.europa.eu & follow @EITeu on Twitter

1.8m British expats in EU should register now to vote in the UK’s general election: deVere CEO

31 OCTOBER 2019

British expats need to ensure that they are registered to vote in the UK’s forthcoming general election this December sooner rather than later.

This is the warning from the CEO of one of the world’s largest independent financial advisory organisations.

Nigel Green, chief executive and founder of deVere Group, which has more than 80,000 mainly expatriate clients in 100 countries globally, is speaking out after it was confirmed that the UK is going to have a 12 December general election after the opposition Labour party agreed to a vote called for by Prime Minister Boris Johnson.

Mr Green notes: “Many expats, quite rightly, remain angry and frustrated that even if they were eligible to participate in the 2016 Brexit referendum, the registration process took too long and was too burdensome, and ultimately they were unable to do so.

“It is particularly galling as those expats resident within the EU27 are disproportionately affected by Brexit.  

“For instance, if there is a no-deal Brexit, which remains a slight yet dangerous possibility, it is likely that their pensions, insurance and healthcare will be adversely affected overnight.”

He continues: “As this critical general election is, in effect, a second Brexit referendum, they should act now to register to vote in order to ensure their voice is heard.

“This will also help to counteract the injustice of the fact that 700,000-plus British expats are disenfranchised from the UK political system after 15 years overseas and were denied the vote on something that directly affects them.
 
“All other G7 countries except the UK allow their citizens voting rights for life. Why is Britain different? It’s especially frustrating that many are still liable for UK inheritance tax, amongst others, but are not allowed to vote in the UK after 15 years. 

“Whatever happened to ‘no taxation without representation’?”

Mr Green concludes: “Expats’ futures hang in the balance with this general election as it will inevitably shape Brexit’s direction of travel.” 

“If they are eligible to do so under the current archaic rules – which must be updated in the next parliament – expats should register to vote sooner rather than later.”

https://www.gov.uk/register-to-vote