Top Banner

Latest News Slider

Dubai’s RTA Unveils AI Strategy 2030 with 81 Projects and Initiatives

Can Electric Ferries Ease Mumbai Commuters’ Woes?

UAE Airports: Models of Digital Efficiency

 Abu Dhabi Selected to Pioneer AI Cognitive City

LG CNS to Deploy Smart Poles in Hogansville, Georgia

Futuristic AI-Powered City-State Attracts USD 525 Million Investment and 14,000 Registrants

Dubai Announces Global Partnerships to Launch Autonomous Taxis by 2026

Shenzhen Approves Paid Driverless Robotaxi in Nanshan

Volvo Launches Electric Buses in Mexico

From Smart Cities to Smart Communities: Insights from ITU’s Dr. Cosmas Zavazava

MMP SCWF 728x90

Americas - Smart Cities - View All

APAC - Smart Cities - View All

Europe - Smart Cities - View All

MENA - Smart Cities - View All

European Institute of Innovation and Technology launches €60 crisis response initiative

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

The initiative, EIT Crisis Response, is in line with the EU’s fight against COVID-19. The EU collective has been relentless in its efforts to encourage greater innovation in climate change, digitization, healthcare, sustainable energy, mobility, manufacturing, food and raw materials.

The new initiative consists of two tracks of activities which will be executed by the EIT’s Knowledge and Innovation Communities across Europe: ‘Venture Support Instrument’ and ’Pandemic Response Projects’.

The first part of the initiative aims to support start-ups, scale-ups and SMEs with innovative ventures to help them grow and weather the crisis as they have been immensely impacted by the pandemic.

As for the ‘Pandemic Response Projects’, they plan to mobilize innovators to deal with the crisis’s impact in terms of health and wider issues which need it.

“In a time of crisis such as we are facing today, we have to ensure that resources are targeted to deliver results expeditiously,” said the European commissioner for innovation, research, culture, education and youth, Mariya Gabriel.

“We are ensuring financial support is increased and disbursed more quickly to those who are working on the most promising answers to the difficult questions COVID-19 poses.”

She added, “Thanks to the EIT Crisis Response Initiative, innovators in the UE will benefit from additional support helping them to overcome this unprecedented situation and continue delivering innovative solutions for Europe and its citizens.”