The European Institute of Innovation and Technology aims to help finance projects that help tackle the coronavirus pandemic and support start-ups, scale-ups and SMEs for whom investment is drying up.
The European Institute of Innovation and Technology (EIT) is launching a €60m EIT Crisis Response Initiative to help finance innovation to tackle the coronavirus pandemic.
The EIT Crisis Response Initiative forms part of the EU’s collective efforts to tackle the crisis and hopes to encourage innovation in the area of health, climate change, digitisation, sustainable energy, urban mobility, food, manufacturing and raw materials.
The new EIT initiative consists of two main tracks of activities to be implemented by the EIT’s Knowledge and Innovation Communities across Europe:
“In a time of crisis such as we are facing today we have to ensure that resources are targeted to deliver results expeditiously,” said Mariya Gabriel, European commissioner for innovation, research, culture, education and youth, responsible for the EIT.
“In a time of crisis such as we are facing today we have to ensure that resources are targeted to deliver results expeditiously.”
“We are ensuring financial support is increased and disbursed more quickly to those who are working on the most promising answers to the difficult questions Covid-19 poses.
"Thanks to the EIT Crisis Response Initiative, innovators in the EU will benefit from additional support helping them to overcome this unprecedented situation and continue delivering innovative solutions for Europe and its citizens.”
All calls for innovators and entrepreneurs under the EIT Crisis Response Initiative will be launched by the EIT’s eight Knowledge and Innovation Communities. These will be published on their websites as well as the EIT website in this dedicated Covid-19 section and the Opportunities page.
You might also like: