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The Knowledge-Sharing Platform

04 Dec 2019

EIT Governing Board decides on allocation of funding in 2020

On 4 December 2019, the Governing Board of the European Institute of Innovation and Technology (EIT) announced its decision concerning the allocation of grants to the eight EIT KICs (Knowledge and Innovation Communities) in 2020, following evaluation of the KICs' strategies and business plans. The eight KICs will receive a total amount of funding of € 500 million as follows:

In addition, € 30 million will be allocated to the EIT Regional Innovation Scheme (RIS). The Governing Board has also decided to set up a Task Force on enhancing innovation and entrepreneurship in higher education institutions, in preparation for the EIT’s role in Horizon Europe. The Task Force will be chaired by Patrick Prendergast, Member of the EIT Governing Board, and will include representatives of the European Commission (DG EAC).

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