Driving Sustainable Innovation for European Growth

1. The EIT – Sustainable Growth and Competitiveness through Innovation Presentation to ITRE Martin Schuurmans Chair EIT EIT ITRE 02-12-08 mfhs

2. EIT ITRE 02-12-08 mfhs Our Dream, Vision and Ambition EIT is recognized as key driver of sustainable European economic growth and competitiveness through the stimulation of world-leading innovation

3. EIT ITRE 02-12-08 mfhs Stakeholders: • First meeting with stakeholders in Bratislava on November 24: • was successful intake of opinions and views • has largely confirmed our vision and strategic direction • Education • Research • Technology • Business • Entrepreneurs • VCs • Investment Banks

4. EIT ITRE 02-12-08 mfhs Mission Grow and capitalize on the innovation capacity and capability of the stakeholders (in and outside the Community) through Knowledge Innovation Communities (KICs) that : • Explore new innovative relationships between excellence in education, technology, research, business and entrepreneurship • Create new business • Educate and develop entrepreneurial people working across stakeholder boundaries • Have societal impact

5. EIT ITRE 02-12-08 mfhs Strategic Objectives: Focus of EIT-GB 1. EIT Strategic Innovation Agenda (SIA) : first triennial work program July 2009 2. KICs with unique impact : KIC topics, format, selection 3. Sustainable mobilization of additional funding, including EIT Foundation

6. EIT ITRE 02-12-08 mfhs A KIC • Is a collaborative consortium, a “legal entity”, of internationally distributed, yet thematically convergent parties consisting of the stakeholders • Aims to reach and foster a worldwide lead position in a given field • Will deliver a measurable impact on society from an economic, scientific, educational and entrepreneurial perspective • Will have a minimum duration of KIC: 7 years

7. EIT ITRE 02-12-08 mfhs Goals of KIC’s (EP March 2008) • Address long-term challenges and identify new opportunities for innovation in Europe • Transfer higher education, research and innovation activities to the business context and their commercial application (create spin-offs, start-ups and SMEs) • Attract partner organizations and talent from all over the world • Develop entrepreneurial people & bring them to business • Maximise the share of financial contribution from the private sector

8. EIT ITRE 02-12-08 mfhs Size and life of a KIC • 50-100 M Euro total spending per year • Life 7-15 years • Funding: • EIT 25% • Others 75% (leverage factor 3) • European programs • European Structural Funds • Industry (also in kind) investment • Foundation • Private investments, VCs • Investment banks

9. EIT ITRE 02-12-08 mfhs First call of Proposals • Sustainable energy • Mitigation and adaptation of climate change • Future information and communication society • Proposals may span 1, 2 or all 3 fields • Trans–or interdisciplinary and drawing on existing European programs and projects • Number of KICs to be selected 2 or 3

10. EIT ITRE 02-12-08 mfhs A KIC with impact Geographically distributed people working in co-location centers (per theme or sub-theme). An example: • One (lead) education center • One (lead) high tech and entrepreneurs center / campus

11. EIT ITRE 02-12-08 mfhs People in a KIC • World class researchers, technologists, educators, business people, entrepreneurs • Talented young academics from Europe and abroad, flexible, mobile, and eager to innovate • People mobility between industry/business and academia • A highly developed team culture/spirit • Top management to lead the KICs People management: • Incentive schemes that stimulate brain gain • Stimulate working/studying together in co-location centers • Recognition of people: e.g. EIT label for students and EIT brand

12. EIT ITRE 02-12-08 mfhs Selection criteria for KIC Internationally distributed collaborative consortium • Active in business, entrepreneurship, technology, research and education • Each with a track record in excellence, international cooperation, knowledge dissemination and transition to business (elite center) • Which promotes co-location of collaborative people in co-location centers • With a ‘legal’ identity and with a motivating IPR policy • With top management, structure and accountability • With public and private funding that triples the EIT funding over time; access to resources beyond the EU direct budget (EUR 308 million).

13. EIT ITRE 02-12-08 mfhs Selection criteria for KIC cont. Compelling innovative proposal with future potential • Addresses broadly recognized topics in Europe • Has (new) business and/or societal impact • Makes innovation an integral part of education • Goes beyond R&T; can include non-technological research • Has performance parameters (KPIs), targeted investment returns and drivers identified upfront • Has short, medium and long-term milestones • Is beginning of continuous self sustaining activities • Has broad public outreach

14. EIT ITRE 02-12-08 mfhs Call, Selection and Monitoring • Call for proposals of KICs by April 2009, submission August 2009 • Based on selection criteria and format KIC, to be finalized in January 2009 • Selection of KICs by January 2010 • Distinguished team with the best chance for success • Recognized as innovative and rational • Selection is communicated widely in support of the teams elected and to help them in any way • Evaluation and monitoring of KICs starting by August 2010 • Recognized as fair, simple and effective • Is stable and solely derived from the original selection criteria • Rewards good performance and achievements • Recognizes and communicates the EIT brand

15. EIT ITRE 02-12-08 mfhs Remember! • Education and Entrepreneurship will be integral parts of innovation partnerships • Financial sustainability is key objective: • Mobilisation of private resources • Opportunity for cross-fertilization and co-funding with other European and national programs • EIT is owned by all of Europe: The GB stresses its independence • Long term strategy: 2-3 KIC should provide the learning for the further shape of EIT in 2013-2020 Thanks !!