KRAKOW - The European Institute of Innovation and Technology said it is launching a contest to reward entrepreneurs in its knowledge and innovation communities, in an effort to encourage more enterprise in Europe. The contest is organised in cooperation with Science|Business.
The Budapest-based EIT, a three-year-old European Union initiative, said it will pick a winning venture next year from among each of its three Knowledge and Innovation Communities, or KICs. The groups – in the fields of ICT, sustainable energy and climate-change technologies – are large consortia of universities, companies and research organisations that operate across Europe, and are intended to be innovation hubs. The groups began work in 2010, but already include numerous small companies and entrepreneurs.
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