Since its implementation in 2008, the EIT and its pioneering activities of establishing the first three Knowledge and Innovation Communities - KICs have been subject to an external evaluation by an independent consultant as outlined in its founding Regulations.
As stipulated in the EIT Regulation (Article 16), “By June 2011 and every five years after the entry into force of a new financial framework, the Commission shall provide for an evaluation of the EIT. This shall be based on an independent external evaluation and shall examine how the EIT fulfill its mission. It shall cover all activities of the EIT and the KICs and shall assess the added value of the EIT, the impact, effectiveness, sustainability, efficiency and relevance of the activities pursued and their relationship and/or complementarity with existing national and Community policies, to support higher education, research and innovation.”
The evaluation confirms the EIT’s added value, its impact, effectiveness, sustainability, efficiency and relevance of its activities as well as their complementarities with both national and EU policies related to the knowledge triangle.
The EIT (the Governing Board, the Headquarters in Budapest and the three KICs) is very pleased with the positive assessment of its vision, mission and achievements, as well as of its unique approach and contribution towards the fostering of entrepreneurship driven innovation by the leveraging of world-class hotspots in Europe as well as its ability to turn grand challenges into opportunities, to attract and unlock talent to create and accelerate new business creation. The EIT Governing Board and Director will integrate results and recommendations of the report and move the EIT and its KICs into their next stage of growth and value creation by further optimizing the role of the EIT headquarter, its interactions with the KICs and its dialogue with stakeholders throughout Europe.