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 spur innovation and entrepreneurship across Europe. The EIT brings together leading higher education institutions, research labs and companies to form dynamic cross-border partnerships – Knowledge and Innovation Communities - that develop innovative products and services, start new companies, and train a new generation of entrepreneurs. The innovation communities are also tasked with overcoming some of the greatest challenges our society faces, including climate change, the use of raw materials, energy and active ageing. How do the innovation communities do this? See their own pages at the 'EIT Community' link above to find out more.