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In many ways, the European Institute of Innovation and Technology (EIT) is a classic European compromise. What started out as an effort to build an innovation power­house to rival the Massachusetts Institute of Technology (MIT) in Cambridge has been transformed by years of political wrangling into a gossamer web of academic and industry partnerships.

But some research policy-makers are pinning their hopes on the EIT as a cornerstone of the big push by the European Union (EU)to commercialize research and boost industry research and development (R&D) spending. Last week, after a long and painful gestation, the last piece of the EIT fell into place as its governing board gave the green light to a third and final Knowledge and Innovation Community (KIC).

To read the full, original article click on this link: Europe's innovation hub finally KICs off : Nature News

Author: Natasha Gilbert