The European Institute of Innovation and Technology (EIT) has unveiled three major new innovation clusters focusing on climate, energy and information technology. Each of the initiatives will bring together academia and industry at several locations across Europe.
The Knowledge and Innovation Communities (KICsexternal ) will receive start-up funding of €3 million and will report to the EU's commissioner for education, culture, multilingualism and youth.
The EITexternal headquarters in Budapest is expected to be fully up and running by April 2010, but the KICs will be autonomous and will be run "like a business", according to the Institute's chairman, Martin Schuurmans.
Original Article: EurActiv.com - EIT launches first 'Knowledge and Innovation Communities' | EU - European Information on Innovation & Creativity
