Home / Knowledge / News / Information Technology / European Parliament vote gives green light to EIT
European Parliament vote gives green light to EIT
24
Mar '08
The European Parliament adopted the Regulation establishing the European Institute of Innovation and Technology (EIT).

The next steps include appointing the EIT's Governing Board by June 2008 and establishing the first two or three Knowledge and Innovation Communities (KICs) towards end of 2009.

Welcoming the Parliament's vote, European Commission President José Manuel Barroso stated: "I am delighted with this decisive step forward towards establishing the EIT. The EIT is set to become an important feature of Europe's innovation landscape.

It will facilitate and enhance partnerships and cooperation between the worlds of business, research and higher education across the European Union, thereby helping to continue to boost jobs and growth in Europe in the future."

Commenting on the successful completion of this legislative process, the President added: "All parties involved have clearly re-confirmed their determination to see the EIT through."

To boost Europe's innovation capacity, the EIT will operate on the basis of highly integrated partnerships known as "Knowledge and Innovation Communities".

These KICs will pool together a critical mass of the best resources from higher education institutions, research organisations, businesses and other stakeholders in the innovation process.

They will be selected and coordinated by an independent Governing Board, composed of 18 renowned personalities from business, research and academia.

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X