01 Mar 2023
EIT Culture & Creativity signs Start-up Grant Agreement
The European Institute of Innovation and Technology has announced that the Start-up Grant Agreement (SUGA) for EIT KIC Culture & Creativity has been signed by the consortium. The SUGA will provide up to € 6 million to the consortium to get EIT Culture & Creativity up and running for 2024 and regulate the set-up phase. Fraunhofer Gesellschaft (Germany) coordinates the consortium composed of 29 organisations that will cooperate under the SUGA in the EIT Culture & Creativity start-up phase. The Austrian partner in the consortium is Kreativwirtschaft Austria,
The € 6 million allocation will be invested in creating a community that will foster competitive Cultural and Creative Sectors and Industries (CCSI) and boost their ability to drive Europe’s digital, green, and social transformations. The SUGA period spans from 1 October 2022 until 31 December 2023.
The start-up phase’s main goal is to create new legal entities, good governance structures, and internal initiatives that foster long-term financial sustainability plans while maintaining the public service mission. A total of eight legal entities in seven different EU countries will be created during this period. EIT Culture & Creativity will also develop its Strategic Agenda for the period up to 2027 and will further elaborate its programmatic structure. It will work hard to engage and nurture a vibrant community of innovators from all corners of Europe.
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