European Institute of Innovation and Technology and its Strategic Innovation Agenda, 2021-2027

Briefing 12-12-2019

The main objective of the European Institute of Innovation and Technology (EIT) is to stimulate and support innovation and competitiveness in Europe. In this light, it is regrettable that the impacts on SMEs, competitiveness, or territorial impacts are not discussed in the impact assessment. The budget of the EIT under Horizon 2021-2027 proposal is EUR 3 billion. As most innovation activities managed by EIT take place in 5 countries only, improved regional outreach is one of the objectives of this initiative. New activity - HEInnovate - is proposed to support entrepreneurial and innovation capacity of universities.