Framework of Guidance for the EIT’s Call for KIC Proposals 2014 and the EIT’s Financial Regulation Published

The EIT has published today the Framework of Guidance for the EIT’s 2014 Call for KICs and the EIT’s Financial Regulation.

The EIT spurs innovation and entrepreneurship across the European Union. To further enhance its impact and to incentivise the innovations needed to meet new societal challenges, the EIT will gradually expand its portfolio of Knowledge and Innovation Communities (KICs) from 2014 to 2020.
The first two new KICs, to be established in 2014, will address the thematic fields of:

1. Innovation for healthy living and active ageing; and
2. Raw materials: sustainable exploration, extraction, processing, recycling and substitution.

Following the publication of the Selection Criteria in December 2013, the EIT is today publishing a Framework of Guidance for the 2014 Call for KIC proposals, intended to help those interested in forming a KIC. This document presents what the EIT is and how it works, what the KICs are and how they work and what makes a KIC successful. Based on the lessons learned since the establishment of the EIT and its first three KICs, it also contains tips on starting a KIC and key information on what happens after the designation of new KICs including the EIT and KIC contractual relations, the EIT funding model and the EIT monitoring system.
Today the EIT is also publishing the EIT Financial Regulation, based on the framework EU financial rules for decentralised agencies, including specific EIT provisions and derogations.
The EIT will publish its Principles for financing, monitoring and evaluating KIC activities by the end of January 2014 followed by the launch of the Call on 14 February 2014. For more information and access to all relevant documents on the EIT 2014 Call for KICs, visit the dedicated webpage.