on January 29, 2021
The Commission has welcomed the political agreement reached yesterday between the European Parliament and EU Member States on an update of the legal basis of the European Institute of Innovation and Technology (EIT) as well as its new Strategic Innovation Agenda for 2021-2027. Trilogue negotiations have now concluded, pending the final approval of the legal texts by the European Parliament and the Council.
Commissioner for Innovation, Research, Culture, Education and Youth, Mariya
Gabriel said: “
I welcome the political agreement on the future of the European Institute of Innovation and Technology, which is an integral part of the new Horizon Europe programme 2021-2027. Since its creation in 2008, the EIT has proven its worth in strengthening innovation ecosystems across the EU. With this improved legal framework and its new strategic agenda, coupled with an increased budget to match its ambitions, the EIT will be able to deliver on the main EU priorities
29 Jan 2021 | News
EU reaches agreement on revamp of EIT legislation
European Institute of Innovation and Technology will have more financial flexibility - but with that will come more oversight
MEP Maria Da Graça Carvalho. Photo: EU Parliament.
EU policymakers have reached agreement on changing the legal footings of the EU’s innovation agency, the European Institute of Innovation and Technology (EIT), giving public-private partnerships more control over their own budgets. The deal also sets EIT’s priorities for the next seven years.
“Together we make the EIT stronger [and] give it the means to develop its full potential,” tweeted EU research commissioner, Mariya Gabriel.