Danube-INCO.NET — Advancing Research and Innovation in the Danube Region

Glossary

European Institute of Innovation and Technology

  • Posted on: 12.03.2012
  • Abbreviation: EIT

Website: Link

The EIT is an institute of the European Union established in March 2008. The EIT’s mission is to increase European sustainable growth and competitiveness by reinforcing the innovation capacity of the Member States and the EU. The EIT has created integrated structures (Knowledge and Innovation Communities, or KICs), which link the higher education, research and business sectors to one another thereby boosting innovation and entrepreneurship. The KICs focus on priority topics with high societal impact, currently:

to be expanded over time.

The EIT and the EIT Foundation are two separate legal entities. The EIT Foundation (EITF) was established in September 2010 as a philanthropic foundation registered in the Netherlands. It is a not-for-profit entity whose primary purpose is to attract and channel funding for EIT activities that fall outside the scope of  its  regular  funding,  but  which  can  bring  the  benefits  of  the  EIT  closer  to  EU citizens. Accordingly, it is responsible for fundraising and the subsequent financial administration of external donations.

The EIT Headquarters (HQ) are based in Budapest, Hungary. The Institute is structured in a number of units and departments, as specified in the organigramme fully aligned with the respective missions and activities of the EIT HQ and the EIT Director.