Western Balkans

*This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.

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News archive - €60 million for innovators awarded under EIT Crisis Response Initiative

Almost 1 500 innovators from 44 countries applied for the EIT’s EUR 60 million Crisis Response Initiative. The funds have now been unlocked by the EIT Governing Board to ensure critical support swiftly reaches entrepreneurs. This will allow high-impact start-ups, scale-ups and SMEs to benefit from additional funding under the ‘Venture Support Instrument’; and will enable the launch of new innovation projects tackling COVID-19 related challenges as part of the ‘Pandemic Response Projects’. By deploying a rapid response mechanism, all EIT Crisis Response activities will be completed by the end of 2020 to help Europe recover.

Under the EIT Crisis Response Initiative, each EIT Knowledge and Innovation Community launched Calls for Proposals for ventures and for innovation projects. Close to 1 500 proposals were received from 44 countries (including all 27 EU Member States as well as Israel, Northern Macedonia, Norway, United Kingdom, Serbia, Switzerland and Turkey).

The quality and relevance of the EIT’s eight Knowledge and Innovation Communities’ Calls for Proposals under the EIT Crisis Response Initiative were evaluated. Based on this, the EIT Governing Board decided to allocate the following grants:

EIT Climate-KIC: EUR 8.40 million
EIT Digital: EUR 7.65 million
EIT Food: EUR 10.25 million
EIT Health: EUR 9.85 million
EIT InnoEnergy: EUR 7.40 million
EIT RawMaterials: EUR 9.80 million
EIT Manufacturing: EUR 3.30 million
EIT Urban Mobility: EUR 3.35 million

Following the EIT Governing Board decision, each EIT Knowledge and Innovation Community will now finalise its selection processes based on the available budget. It is foreseen that 60% of the EIT Crisis Response funds will be awarded to highly innovative start-ups, scale-ups and SMEs as part of the ‘Venture Support Instrument’, and 40% to innovation projects under the ‘Pandemic Response Projects’. More details on the selected ventures and innovation projects to be financed will be announced in the coming weeks.

Original source and more information: https://eit.europa.eu/news-events/news/60-million-awarded-eit-crisis-response-initiative

Geographical focus

Europe
European Union (EU 27)
Western Balkans

Scientifc field / Thematic focus

Cross-thematic/Interdisciplinary

Entry created by Admin WBC-RTI.info on July 5, 2020
Modified on July 5, 2020

Western Balkans Info Hub - powered by "Policy Answers" - is funded by the European Commission through the Horizon Europe project "R&I policy making, implementation and support in the Western Balkans", grant agreement: 10105887. The portal builds upon previous initiatives, such as for instance WBC-RTI.INFO and WBC-INCO.NET, which were funded under different Framework Programmes (FP) for Research and Technological Development (RTD) of the European Commission and other contracts.

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