The scheme aims to close the innovation gap, but a decade on it needs to evolve, says the European Institute of Innovation and Technology
The European Institute of Innovation and Technology's Regional Innovation Scheme is active in 22 countries and regions and aims to close Europe's innovation gap. Photo: EIT
The Regional Innovation Scheme has had some success in closing Europe’s innovation gap, but ten years after launch, it is time for it to evolve, says the European Institute of Innovation and Technology (EIT).
The scheme started in 2014 to support innovation in the 22 countries and regions ranked as emerging or moderate innovators on the European Innovation Scoreboard. This is mostly done through hubs run by EIT where entrepreneurs and start-ups can access training, funding, business support and information on the EIT’s Knowledge and Innovation Communities (KICs).
A decade on and over 100 hubs have been set up in regional innovation scheme countries and around €300 million in EIT grants has been handed out to companies, start-ups and entrepreneurs.
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