EIT Crisis Response Initiative supports innovators powering high-impact solutions that tackle this unprecedented social and economic challenge
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’.
In a time of crisis such as we are facing today we have to ensure that resources are targeted to deliver results expeditiously. We are ensuring financial support is increased and disbursed more quickly to those who are working on the most promising answers to the difficult questions Covid-19 poses. Thanks to the EIT Crisis Response Initiative, innovators in the EU will benefit from additional support helping them to overcome this unprecedented situation and continue delivering innovative solutions for Europe and its citizens.
Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, responsible for the EIT
To win the fight against the disruption COVID-19 has wreaked on Europe, we must work closely together and mobilise our resources. I have been impressed by entrepreneurs’ resilience and the EIT Crisis Response Initiative will ensure they benefit from financial support at a critical time.
Dirk Jan van den Berg, EIT Governing Board Chair
Discover more about the EIT’s Crisis Response Initiative: EUR 60 million for Europe’s innovators.
EIT RawMaterials opens Booster Call for businesses affected by the COVID-19 crisis to support the future recovery
EIT RawMaterials launches Innovation Call to support start-ups, scale-ups and SMEs during the COVID-19 crisis with up to EUR 200 000 in funding. As part of the EIT’s Crisis Response Initiative, this activity directly contributes to the European Union’s response to the COVID-19 pandemic.
The Call is open for start-ups, scale-ups and SMEs affected by the economic consequences of the COVID-19 pandemic, as well as the businesses directly or indirectly contributing to mitigate technological, market and value chain challenges connected to the COVID-19 global crisis. The application deadline is 12 June 2020.