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European Institute for Innovation and Technology

By Mark Vanderbeeken - September 15, 2008

in Design Business

The European Union is providing initial funding of more than 300m euros for the new European Institute of Innovation and Technology (EIT), located in Budapest, Hungary and aimed at generating more European technological advances.

The EIT hopes to pool the expertise of universities, research bodies and businesses in new partnerships.

Renewable energy and new-generation IT projects are among the priority areas. BBC article

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