Global challenges need urgent solutions, and that is why the EIT was created:
- to help Europe compete. This is needed more than ever, with Europe’s future connected to its power to innovate. The EU is facing an ‘innovation emergency’ with its global economic ranking changing rapidly. Europe’s share of world GDP has shrunk from almost 30% in 2006 to less than 22% in 2016. The EIT enhances Europe’s ability to innovate.
- to tackle global challenges from climate change and sustainable energy to healthy living and raw materials dependency. We help deliver on Europe’s commitment to the UN’s Sustainable Development Goals and each EIT Innovation Community is dedicated to one of these topics.
- to change the innovation culture in Europe. We help innovators turn their best ideas into reality. We create growth and jobs for Europe and improve the lives of citizens across Europe.
The EIT was established by the European Parliament and Council in 2008 and functions as an independent institute.