42. How will the EIT reduce the administrative red tape for KICs?
As part of the transition to Horizon Europe, the EIT will move to a system of multiannual grants and fully integrated in the European Commission’s grant management system.
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ABOUT THE EIT
The European Institute of Innovation & Technology (EIT) is an independent body of the European Union set up in 2008 to deliver innovation across Europe. The EIT brings together leading business, education and research organisations to form dynamic cross-border partnerships. These are called Innovation Communities and each is dedicated to finding solutions to a specific global challenge. EIT Innovation Communities develop innovative products and services, start new companies, and train a new generation of entrepreneurs. Together, we power innovators and entrepreneurs across Europe to turn their best ideas into products, services, jobs and growth.