63. Do the consortium members have to allocate any budget to be part of the consortium for both proposal phase and even after proposal stay (if successfully chosen)?


One of the key features of the EIT-KIC model is that each KIC must aim to become financially sustainable within a period of seven to fifteen years after its designation. From the start, a KIC is expected to have a strong business logic and mindset aiming to transform knowledge and other resources into revenues. It must also plan how to raise capital and attract financing and co-funding into its activities from its partners. As a KIC develops and the EIT funding rate decreases, its financial needs increase and the KIC needs to attract complementary funding for its operations. Therefore, partners’ commitments, including financial support from the beginning, is crucial.