It is yet to be seen, but expected to be around 400 M EUR over seven years for each Innovation Community. Over the entire period, the Innovation Community has to secure 75% of the entire budget.
About the EIT
The European Institute of Innovation & Technology (EIT) is an independent body of the European Union set up in 2008 to boost innovation and entrepreneurship across Europe. The EIT brings together leading higher education institutions, research labs and companies to form dynamic cross-border partnerships – Innovation Communities - that develop innovative products and services, start new companies, and train a new generation of entrepreneurs.