Everyone may agree with the diagnosis of Europe’s competitiveness crisis—a lack of innovative products and companies—but does the European Institute of Innovation and Technology hold the cure? Elizabeth Gibney looks at how the young institute hopes to justify a tenfold budget hike in Horizon 2020.
Established at the behest of European Commission president José Manuel Barroso in April 2008, the EIT was to be the answer to Europe’s innovation woes. Four years on, it is set for expansion—despite an array of criticisms.
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