As part of the EU’s collective efforts to tackle the COVID-19 crisis, the European Institute of Innovation and Technology (EIT) is announcing the launch of the ‘EIT Crisis Response Initiative’. The EIT Governing Board has decided to mobilise EUR 60 million of additional funding to innovators powering high-impact solutions that tackle this unprecedented social and economic challenge. The financing will allow the launch of new innovation projects to address the immediate crisis as part of the ‘Pandemic Response Projects’, and will support highly innovative start-ups, scale-ups and SMEs crucial to the economy’s fast recovery to benefit from additional funding under the ‘Venture Support Instrument’.
Discover more about the EIT’s Crisis Response Initiative: EUR 60 million for Europe’s innovators
As part of the EIT’s Crisis Response Initiative, this activity directly contributes to the European Union’s response to the COVID-19 pandemic.