How does the EIT spend its budget?

How does the EIT spend its budget?

The EIT funds Innovation Communities up to a maximum of 25 per cent. This funding is leveraged by the EIT by incentivising Innovation Community partners to invest in innovation and provide the remaining 75 per cent funding needed for their activities. With the 25 per cent seed funding, the EIT enables the Innovation Communities to attract capital from industrial partners and private investors.

The amount of funding that the EIT spends on administration at the EIT Headquarters is less than 5 per cent of its budget.