The European Institute of Innovation and Technology’s digital arm says it has continued to increase its R&D investment year-on-year.
EIT Digital, which fosters small, innovative start-ups, will provide €54m of R&D funding in 2016, the organisation said in a Strategic Innovation Agenda for 2017-19, published on 31 October. This represents a small increase on its annual R&D investment, which has increased every year following a €2m investment in its 2010 launch year.
Overall investment by EIT Digital, which includes spending on business growth, education and innovation ecosystems, has also increased continually since its launch. Total investment will reach €290m in 2016, up from €16m in 2010, the organisation said.