The European Institute of Innovation & Technology (EIT) has announced it will invest €500M in 2020 to accelerate innovation across the continent. Increased funds will be made available to key EIT arms: EIT Climate-KIC, EIT Digital, EIT Food, EIT Health, EIT InnoEnergy, EIT RawMaterials, EIT Manufacturing, EIT Urban Mobility.

“The EIT is now Europe’s proven innovation engine and 2020 will see strong impact from our eight Knowledge and Innovation Communities, based on their submitted plans. Our results clearly show that the EIT’s investment delivers and turns ground-breaking ideas into products and services for a greener, healthier, more sustainable Europe. We particularly look forward to scaling up our support for innovators and entrepreneurs in countries where EIT Knowledge and Innovation Communities have a limited presence. I would like to thank the EIT Governing Board Members for their strong strategic steering of the EIT community,” said Martin Kern, EIT Director.

The strategy also includes targeting game changing levels of support at 1000 startups and scale-ups spearheading solutions to global challenges.

Ambitious startups with a clear vision for 2020 should connect with EIT.