THE EUROPEAN INSTITUTE OF INNOVATION & TECHNOLOGY (EIT) Jose Manuel Leceta EIT Director. Sofia, 15 May 2014

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1 THE EUROPEAN INSTITUTE OF INNOVATION & TECHNOLOGY (EIT) Jose Manuel Leceta EIT Director Sofia, 15 May 2014

2 DISCOVERY, INVENTION, TRANSLATION & INNOVATION ARE NOT THE SAME THING Discovery: Finding out something not yet known Invention: creating or designing something not existing before Translation: processing discoveries and/or invention into innovation Innovation: making changes with societal impact based on discoveries and/or invention Excellent science are research are necessary yet not sufficient ingredients for innovation

3 AGE DISTRIBUTION OF WORLD LEADING INNOVATORS New firms set-up in the last 25 years US: approx. 21% EU: approx. 2% Bruegel policy brief 2009 Reinhilde Veugelers

4 HOW TO ENCOURAGE THE GROWTH OF YOUNG VENTURES IN EUROPE? Europe has a history of brilliant entrepreneurs but data suggest we need an entrepreneurial renaissance to strengthen our ability to compete globally

5 THE CORE OF INNOVATION IS THE KNOWLEDGE TRIANGLE Business Higher Education ENTREPRENEURIALLY DRIVEN INNOVATION Research & Technology Actors within the knowledge triangle are at the core of the innovation web beyond the traditional collaborative R&D consortia

6 EUROPEAN INSTITUTE OF INNOVATION & TECHNOLOGY (EIT) EIT was set up in 2008 to unlock the European innovation landscape through a new agenda at EU level. EIT is the first initiative of the EU bringing together the three sides of the knowledge triangle. With the entrepreneur in the driver s seat to form the necessary links between higher education, business and research. Higher Education Research & technology Industry & SMEs

7 EUROPEAN INSTITUTE OF INNOVATION & TECHNOLOGY (EIT) The EIT s mission is To increase European sustainable growth and competitiveness To reinforce the innovation capacity of the EU and its Member States To create the entrepreneurs of tomorrow and prepare for the next innovative break-throughs To become the catalyst for a step change in the European Union s innovation capacity and impact

8 EUROPEAN INSTITUTE OF INNOVATION & TECHNOLOGY (EIT) The EIT s aim is to approach innovation differently in Europe with emphasis on people From lab to market by integrating the three sides of the knowledge triangle in areas of high societal need towards a pan-european ecosystem

9 THE EIT s INNOVATION FACTORIES Knowledge and Innovation Communities (KICs) highly integrated, creative and excellence-driven autonomous long-term partnerships internationally distributed but thematically convergent partners driven by societal challenges and fostering the emergence of entrepreneurs 9

10 THE KIC MODEL (1/2) A Business logic High degree of integration: each KIC is an independent legal entity, gathering world-class KIC partners from the knowledge triangle based on a contractual relationship/partnership with the EIT. Long-term strategic approach: each KIC is set up for a minimum of 7 years to eventually become self sustainable. Sufficient autonomy and flexibility: to determine organisational structure and activities governed by a Board of KIC partner organisations. Effective governance: run by a CEO and a lean management team at central and co-location level.

11 THE KIC MODEL (2/2) An Investment logic Smart funding & high degree of commitment of partners: EIT funding to KICs is max. 25% of their total budget over time with 75% to be attracted from other sources, both public and private. The co-location model: each KIC consists of 5-6 world class innovation hotspots building and leveraging on existing European capacities. Results & high impact oriented activities: KICs implement a Business Plan with measurable deliverables, results and impact. Culture: KICs are shaped by strong entrepreneurial mindsets and cultures.

12 THE FIRST 3 KICs Designated in December 2009 by the EIT Governing Board with their governance and management set up in 2010

13 KICs INTERCONNECTED ECOSYSTEMS THROUGH CLCs Climate-KIC: Co-location Centre RIC (Regional Implementation and Innovation Centre) EIT ICT Labs: Co-location Centre Associate Partner KIC InnoEnergy Co-location Centre

14 KIC PARTNERS EVOLUTION: Message 1: KICs are gaining business trust In 2013, the three KIC brought together over 350 partners Climate-KIC EIT ICT Labs KIC InnoEnergy Business Higher Education Research Cities & Regions 14

15 EIT FUNDING EVOLUTION: Message 2: KICs are also gaining public trust EIT Grant Awarded National/Regional/Private Other sources 15 KIC partners EU / non EIT

16 Aggregated EIT Level Achievements * Core KPIs for KICs (foreseen) 14,155 Attractiveness of education programmes ** 318 Number of new graduates 404 Number of business ideas incubated 108 Number of start-ups created 146 Knowledge transfer and adoption 89 New or improved products, services, and processes launched ** 13 applicants per offered seat

17 A UNIQUE OFFERING: WHAT WE DO EDUCATION Promoting excellent education for creativity, innovation and entrepreneurship by high quality EIT labelled degree programmes. ENTREPRENEURSHIP Promoting a mind-set and culture by creating more favourable environments for entrepreneurial talent and entrepreneurship driven innovation to flourish. INNOVATION Networked ecosystems across European borders, exploiting synergies and complementarities to accelerate growth of globally successful leading innovators.

18 A UNIQUE OFFERING: HOW WE DO IT MONITORING Instrumental outputs, then long term impacts, including public value beyond socio economic. SIMPLIFICATION Integral part to EIT strategy as an engaged impact investors in its KICs, facilitating partnership and operations. OUTREACH First offerings include the Regional Innovation Scheme (RIS), the EIT Stakeholders platform and the setting up of the EIT alumni community.

19 HORIZON 2020 AND THE EIT As an integral part of Horizon 2020 the EIT contributes to H2020 through address societal challenges via the integration of the knowledge triangle The EIT will strengthen its identity as an EU body (institution) further nurturing synergies of its KICs across H2020 EIT unique contributions regard entrepreneurial education

20 THE FUTURE KIC CALL Proposed themes for future KICs (SIA) * Healthy Living & Active Ageing Added-Value Manufacturing Urban Mobility Raw Materials Food * Subject to the outcome of the EIT evaluation

21 Timeline of the 2014 KICs Call Key Dates Event 14 February 2014 Launch of the 2014 KICs Call 14 March 2014 Information Day in Budapest 10 September 2014 Closure of the 2014 KICs Call Sept.- Nov Evaluation of proposals with the assistance of external experts 9 December 2014 GB Hearings with representatives of shortlisted proposals December 2014 Designation of the new KICs by the EIT Governing Board

22 FUTURE PRIORITIES 1. Investing in KICs: Consolidation of the existing 3 KICs 2. Investing in KICs: Set up of new KICs 3. Enhance EIT impact via knowledge sharing 4. Enhance EIT impact via simplification and monitoring

23 EIT S VISION OF AN ENTREPRENEURSHIP DRIVEN IMPACT INVESTMENT INSTITUTE Direct deliverables: Breakthrough Innovations & People contributing to European excellence, competitiveness and cohesion: o o KICs CLCs as world-class innovation hubs working across borders. leveraging entrepreneurship-driven innovation, from local to global. Induced deliverables: Reinforce EIT as an Institute for Europe overall scaling up its operations, hence critical mass and impact: o o EIT Budapest as a knowledge pool and intelligent investor in KICs, including wide dissemination of KIC novel practice across Europe.

24 FIRST DISSEMINATION PRACTICES First examples of dissemination of its results and impact via outreach activities via the exchange of good practice EIT 2012 Publication Catalysing Innovation in the Knowledge Triangle: Practices from the EIT Knowledge and Innovation Communities EIT 2013 Publication: Analysis of potential synergies fostered by the European Institute of Innovation and Technology (EIT) in the EU innovation landscape

25 .Change mindsets Think outside the box Experience the journey eit.europa.eu