![]() "The financially sustainability of the KICs is an important part of the EIT philosophy,” she says. ![]() It has taken longer than expected at the start, but the European Parliament’s rapporteur for the EIT, Maria da Graça Carvalho MEP, is happy to see one of the KICs is almost there. Now, with the second tranche of seven-year grants running out, EIT Climate is the first to set out how it will wean itself off EIT grants. The hope was they would attract investment and become financially independent from the parent agency within a few years. In an interview with Science|Business, EIT Climate CEO Kirsten Dunlop said the KIC is moving towards a systems innovation as a service model, in which it will take on a key role in place-based projects, working with cities and regions to bring together, integrate and implement innovations that drive climate transition at a local level.įinancial sustainability was a goal when the EIT opened its doors in 2010 and set up the first three KICs. ![]() EIT Climate-KIC has revealed a plan to become the first financially sustainable EU-supported knowledge and innovation community (KIC) by the end of 2024, as it transitions towards a new way of fostering innovation. ![]()
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