The current budget for The European Institute of Innovation and Technology (EIT) is not enough to attract private sector partners to the Knowledge and Innovation Communities (KICs). The EIT is now calling for their funding to be increased dramatically to €4 billion in the 2014 – 2020 budget.
Euroscience’s response to the recent EU Green Paper for a Common Strategic Framework for Research and Innovation commented on the KIC’s lack of funding and therefore their inability to maintain industrial partners. The EIT are now asking for a big increase in their funding to support the three existing KICs, which need more investment to succeed.
