Wednesday 17 December 2014Print this page
InnoLife, a consortium of 144 European companies, research institutes and universities, has been selected by the European Institute of Innovation and Technology (EIT) as the Knowledge and Innovation Community (KIC) for EIT Health. With a total volume of EUR 2.1 billion it is one of the largest public funded initiatives for health worldwide.
Over the next seven years the EIT Health partners will develop innovative products, education and services addressing the challenge of demographic change in Europe. The Dutch companies Philips and Achmea, the research institute TNO, the universities of Delft and Eindhoven and the university medical centers of Rotterdam, Leiden, Groningen and Maastricht are participating in this international consortium which includes partners such as Oxford University, IESE Business School, Intel, Siemens and Medtronic.
Dr. Bart Haex, professor at Maastricht University and director of the EIT Health-proposal, and Dr. Ursula Redeker, chairperson of Roche Diagnostics GmbH and formal coordinator of the proposal, expressed their gratitude to all parties concerned and underlined the opportunities of the KIC to enable better and longer lives for people in Europe by creating new businesses and innovation.
To initiate and coordinate the numerous projects, the consortium partners will found a new company headquartered in Munich, Germany. Regional activities will be organized by Co-Location Centers in Heidelberg (Germany/Switzerland), Barcelona (Spain), London (England), Paris (France), Rotterdam (The Netherlands/Belgium) and Stockholm (Sweden /Denmark). An integral part of EIT Health is the InnoStars concept to widen participation for partners in Hungary, Poland, Slovenia, Croatia, Portugal and Wales.
After signing a framework contract with the EIT, EIT Health expects activities to start by the mid of 2015. The EIT will provide EIT Health with around EUR 80 million annually for the funding of new collaborations, education and projects.
About the European Institute of Innovation and Technology (EIT)
The EIT is an independent body of the European Union set up in 2008 to spur innovation and entrepreneurship across Europe to overcome some of its greatest challenges. It brings together leading higher education institutions, research labs and companies to form dynamic cross-border partnerships – Knowledge and Innovation Communities, KICs - that develop innovative products and services, start new companies, and train a new generation of entrepreneur
About Knowledge and Innovation Communities (KIC)
A KIC is a highly autonomous partnership of top-class higher education institutions, research organizations, companies and other stakeholders in the innovation process that tackles societal challenges through the development of products, services and processes and also by nurturing innovative, entrepreneurial people. A KIC connects excellence-driven innovation hubs, the co-location centres, with a view to becoming leading centres of excellence and competing and collaborating with other innovation hubs across the world.