About EIT Crisis Response Initiative
The financing will allow the launch of new innovation projects to address the immediate crisis 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’.
The EUR 60 million financing will power innovations in health, climate change, digitisation, food, sustainable energy, urban mobility, manufacturing and raw materials. Reflecting the EIT innovation model’s flexibility, the EIT’s eight Knowledge and Innovation Communities have responded decisively to the crisis and will launch additional pan-European calls for these activities.
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