WHAT IS THE AIM OF THE REGULATION AND DECISION?
The regulation establishes the European Institute of Innovation and Technology (EIT), originally created in 2008. The decision formally adopts the EIT’s Strategic Innovation Agenda (SIA) for the period from 2021 to 2027.
They set the agenda for the EIT from 2021 to 2027 and aim to improve aspects of the Knowledge and Innovation Communities (KICs), including their:
- funding model
- openness and transparency
- integration in local innovation ecosystems.
KEY POINTS
EIT mission
The regulation sets out EIT’s priorities and financial needs for 2021-2027 in an SIA in line with Horizon Europe — the Framework Programme for Research and Innovation, set up by Regulation (EU) 2021/695 (see summary).
The EIT’s mission is to contribute to sustainable economic growth and competitiveness by improving the capacity of the European Union (EU) and EU Member States to innovate and tackle major challenges faced by society. The key feature of the EIT is integrating the knowledge triangle (education, research and innovation).
The key features of the agreed SIA are the following:
- KICs must be more open, inclusive and transparent;
- improving the scope of support for entrepreneurial and innovation capacity in higher education;
- extending the eligibility and the budget for activities under the Regional Innovation Scheme (RIS) to countries with more modest innovation scores;
- a simplified performance-based funding model for KICs;
- a continuous monitoring and evaluation system for KICs, including closer monitoring of their openness;
- clarifying the EIT’s relations with KICs after the end of the framework partnership agreement;
- the launch of new KICs
- in the cultural and creative sectors in 2022 or 2023
- in industries; water, marine and maritime sectors; and ecosystems in 2026.
The EIT is designed to carry out its activities independently of national authorities and external pressures.
KIC roles and responsibilities
The KICs carry out at least the following:
- innovation activities and investments including facilitating the creation of innovative start-ups and the development of innovative businesses fully integrating higher education and research;
- innovation-driven research in areas of key economic, environmental and societal interest and drawing on EU and national research;
- education and training activities, in particular at master’s and doctoral level, and professional training courses, in areas with the potential to meet future European socio-economic and socio-ecological needs;
- outreach activities and the dissemination of best practices in innovation with a focus on the development of cooperation between higher education, research and business, including the service and financial sectors, and, where relevant, public and third-sector organisations;
- RIS activities in countries with more modest innovation scores, fully integrated in the KICs’ multiannual strategy to strengthen innovation capacity and to develop sustainable innovation ecosystems;
- mobilise funds from public and private sources, in particular aiming to raise an increasing proportion from private sources and from income generated by their own activities;
- information on demand on research and innovation outputs and results, and related intellectual property rights.
EIT budget
The EU contributes €2,726,000,000 from Horizon Europe funds at 2021 prices, plus an additional €210,000,000 at 2018 prices, for the period 2021-2027. The EIT may receive additional finance from other EU programmes.
EIT monitoring and evaluation
The European Commission evaluates the EIT and the KICs’ performance with the assistance of independent external experts and taking into account the views of stakeholders.
WHEN DOES THE REGULATION APPLY?
Regulation (EU) 2021/819 has applied since 28 May 2021 except for a number of articles which have applied since 1 January 2021. Regulation (EU) 2021/819 revised and replaced Regulation (EC) No 294/2008 and its subsequent amendments.
Decision (EU) 2021/820 has applied since 1 January 2021.
BACKGROUND
See also:
MAIN DOCUMENTS
Regulation (EU) 2021/819 of the European Parliament and of the Council of 20 May 2021 on the European Institute of Innovation and Technology (recast) (OJ L 189, 28.5.2021, pp. 61-90)
Decision (EU) 2021/820 of the European Parliament and of the Council of 20 May 2021 on the Strategic Innovation Agenda of the European Institute of Innovation and Technology (EIT) 2021-2027: Boosting the Innovation Talent and Capacity of Europe and repealing Decision No 1312/2013/EU (OJ L 189, 28.5.2021, pp. 91-118)
RELATED DOCUMENTS
Regulation (EU) 2021/695 of the European Parliament and of the Council of 28 April 2021 establishing Horizon Europe — the Framework Programme for Research and Innovation, laying down its rules for participation and dissemination, and repealing Regulations (EU) No 1290/2013 and (EU) No 1291/2013 (OJ L 170, 12.5.2021, pp. 1-68)
