On Friday 3 November, the European Institute of Innovation and Technology (EIT) announced that it had extended its memorandum of understanding with the European Investment Fund (EIF), a subsidiary of the European Investment Bank, by two years, from 2023 to 2025, following an online meeting between EIT Director Martin Kern and EIF Director General Marjut Falkstedt on Tuesday 17 October. The initial memorandum of understanding was signed in 2021.
The two institutions thus intend to extend their cooperation around sustainable economic growth, employment, livelihoods and increasing the impact of public investment.
The EIT welcomes the continuity of this combination of the work of its community, which consists of strengthening the capacities of entrepreneurs and innovators, with the work of the EIF, which provides risk financing for small and medium-sized enterprises.
The two organisations will also work together to organise events, seminars and training courses.
New avenues of cooperation will also be explored, with a view to strengthening the financial viability of the EIT community and the EIF’s assets and instruments, including in countries covered by the EIT’s regional innovation scheme. (Original version in French by Émilie Vanderhulst)