Political agreement European
Institute of Innovation and Technology (EIIT)
The Commission welcomes political agreement on the
proposal establishing the European Institute of Innovation
and Technology (EIIT) and on its financing.
The Competitiveness Council reached on Friday, 23
November 2008 a political agreement on the establishment of the
European Institute of Innovation and Technology (EIIT), following
the European Parliament's resolution adopted in September 2007.
The same day, the Council and the European Parliament
reached an agreement on the financing of Galileo and the EIIT. The
EIIT should be set up by Community legislation in Spring 2008, with
a budget of 309 million for the period 2008-2013.
The Commission expects to appoint the Board's members
in Summer 2008.
