The need for a KIC legal entity is central to the EIT model. The EIT has recently updated the good governance principles that a KIC must comply with. Based on these good governance principles it is then up to the KIC to propose an efficient legal and corporate structure. In the first year after designation (“start-up year”), a new KIC will be supported by the EIT and may receive financial support (“start-up grant”) to become legally and operationally ready.
The EIT also has a strong focus on simplification to ensure its the model is continuously improved.