08 Jan 2021

EIC and EIT reinforce their cooperation to support innovative European entrepreneurs

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On 8 January 2021, the European Commission announced that a Memorandum of Understanding had been signed between the European Innovation Council (EIC) and the European Institute of Innovation and Technology (EIT) to reinforce their cooperation. The aim of the agreement is to strengthen the support that the EIC and EIT are already providing to innovative start-ups and SMEs to scale up in Europe and to ensure mutual access to advisory services and networks. In particular, the two initiatives will join forces to fast track support to highly innovative start-ups, as well as to coordinate efforts to support women innovators and innovators from less represented regions. The EIC and EIT also plan to share data and intelligence on the innovative start-ups and SMEs they support, including  measurements of impacts achieved.

To reach these objectives, the EIC Advisory Board and the EIT Governing Board will set up a permanent structured collaboration through a joint working group, regular reviews and joint communication efforts.

Memorandum of Understanding

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