The European Institute of Innovation and Technology (EIT) Georgi Dimitrov, European Commission TCI Annual Conference 2010 Facilitating global outreach of European and Indian innovation clusters New Delhi, 1 December 2010

Contents 1. What is the European Institute of Innovation and Technology (EIT)? 2. What is a Knowledge and Innovation Community (KIC)? 3. Open to the World

Set up in 2008 as an independent Community Body with the mission “to be the catalyst for a step change in the EU’s innovation capacity and impact”; Strengthen the integration of education, research & business (knowledge triangle); Addressing societal challenges (currently 3 themes: sustainable energy, future information & communication society, climate change adaptation & mitigation) Independent Governing Board; EIT HQ seat in Budapest, Hungary, lightweight structure; Operational since end 2009; First call for KIC proposals closed in December 2009; What is the EIT?

What is the EIT? (cont) - Vision: promote the full integration of education, research and business for entrepreneurial and innovation-driven activities; - Strategy: establish new models for innovation, collaboration and funding of innovation; - Execution: through results-driven instruments such as the Knowledge and Innovation Communities (KICs);

What is a KIC? - KICs = highly integrated and excellence-driven autonomous partnerships; internationally distributed but thematically convergent; - KIC co-location = a geographical location of a KIC where all or large part of the innovation chain can be found in close proximity working together across the innovation chain; - KIC governance: a single legal entity with a strong leadership (CEO); - KIC outcomes to be measured in: –New business creation; –Education and development of entrepreneurial people; –New governance models for innovation-driven collaboration; –Improvements in curricular and learning and teaching methods;

How are KIC funded? - True commitment from KIC partners, translated in funding from a variety of sources: - National/Regional - EU (non-EIT) - e.g. FP7 research grant or structural funds - Private funding - Own resources - EIT funding (= EIT grant to the KIC): 25% of KIC budget KIC annual total spending (est.): million Euro

KIC InnoEnergy 2 13 companies, 10 research institutes, 13 universities ~50% industry partners (incl. associated partners) >50% of key research players in Europe Covering the whole energy mix Knowledge triangle balanced along all dimensions Strong connection with VCs and local governments

Complete and complementary world class innovation hotspots Each Co-location features at least:  One strong research institute  One major university  One European-based multinational company EindhovenBerlinStockholmHelsinki Otaniemi Science Park Paris Pôles de Competitivité Associate clusters in Budapest, London, Trento Systematic build-up of innovation hot-spots outside our initial nodes  Active regional network of SME  Full national and regional support + EIT ICT Labs

Climate-KIC Vision Catalyse climate change innovation Create a community for climate change innovation Deliver integrated climate change innovation Transform Europe’s response to climate change Vision Catalyse climate change innovation Create a community for climate change innovation Deliver integrated climate change innovation Transform Europe’s response to climate change Collocation Centre Regional Innovation Centre 9

KICs: open to the world - Global challenges call for global solutions; - Participation of excellent institutions from third countries in a KIC is clearly possible and desirable if they bring added value to the KIC; - Condition for participation: agreement of the EIT Governing Board and  50% of partners forming the KIC are from EU; - Next wave of KICs to be launched after 2013;

Thank you very much for your attention!