The European Institute of Innovation and Technology (EIT) has the ambitious objective of strengthening the links between education, science and business, and thus being a driver of innovation in the EU. We conclude that, despite a valid raison d’être, the EIT’s complex operational framework and management problems have impeded its overall effectiveness. We identified several weaknesses in the EIT’s funding model, the reporting arrangements between the EIT and the knowledge and innovation communities and the financial sustainability of the latter. Seven years after its inception, the EIT is not yet fully operationally independent from the European Commission. This has hampered its decision-making. We conclude that if the EIT wants to become the groundbreaking innovative institute it was originally conceived to be, legislative and operational adjustments are required to better foster the EU’s innovation potential.
Special report no 04/2016: The European Institute of Innovation and Technology must modify its delivery mechanisms and elements of its design to achieve the expected impact