The Knowledge and Innovation Communities (KICs) are the independent but operational parts of the European Institute of Innovation and Technology (EIT), highly integrated, creative and excellence-driven partnerships which brings together the fields of education, technology, research, business and entrepreneurship, in order to produce new innovations and new innovation models.
KICs are legally and financially structured entities of internationally distributed but thematically convergent partners. These partners involve key actors from different spheres: businesses (including SMEs) and entrepreneurs; research and technology organisations; higher education institutions; investment communities (private investors and venture capital); research funders, including charities and foundations; local, regional and national governments. KICs address a long-term horizon of 7 to 15 years, but with short-, mid- and long terms objectives that follow the mission of the KIC.
The relationship between the KICs and the EIT in Budapest is organised on a contractual basis, leaving a great degree of autonomy to the KICs to define their own legal status, internal organisation and working methods.