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Extra €420m for EIT ‘a good start’

Image: David Weekly [CC BY 2.0], via Flickr

A plan to boost EU support for entrepreneurship in universities by channelling an extra €420 million through the European Institute of Innovation and Technology has been welcomed—but universities have warned that it is not a panacea.

The plan would increase the budget for the EIT, which funds knowledge exchange in higher education, research and innovation, to €3 billion. Presented by the European Commission on 11 July, it aims to help the EIT reach an extra 450 institutions and 20,000 students during 2021-27.

“I think this amount of money could be a good start,” said Flavio Deflorian, deputy rector of the University of Trento. He is on the supervisory board of EIT Digital and chairs the strategic committee of its Italian node.

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