The EIT Framework Partnership Agreement: What You Need to Know
The European Institute of Innovation and Technology, or EIT, is an independent body of the European Union that aims to drive innovation and entrepreneurship across Europe. One of the ways the EIT achieves this is through its Framework Partnership Agreements (FPAs), which establish long-term collaborations between the EIT and partner organizations.
If you are considering entering into an FPA with the EIT, there are several key things you should know.
What is an FPA?
An FPA is a five-year agreement between the EIT and a partner organization. The agreement outlines the terms of the collaboration and the ways in which the partner organization will contribute to the EIT’s overall mission. FPAs are typically renewed after the initial five-year period.
What are the benefits of an FPA?
By entering into an FPA with the EIT, organizations gain access to a range of resources and opportunities that can help them achieve their goals. These include:
– Access to EIT funding: Partner organizations can apply for funding from the EIT to support their activities.
– Participation in EIT innovation communities: Partner organizations can join one or more of the EIT’s innovation communities, which are focused on specific topics such as climate, health, and digitalization.
– Collaboration with other partners: Partner organizations have the opportunity to collaborate with other organizations within the EIT network, including universities, research institutions, and businesses.
What are the requirements for entering into an FPA?
To be eligible to enter into an FPA with the EIT, organizations must:
– Be legally established in an EU member state or a Horizon Europe associated country.
– Have a clear commitment to innovation and entrepreneurship.
– Have a track record of successful innovation activities.
In addition, organizations must demonstrate their capacity to contribute to the EIT’s mission and objectives in a specific area of interest.
How do I apply for an FPA?
To apply for an FPA, organizations must submit a proposal to the EIT that outlines their vision, strategy, and proposed activities. Proposals are evaluated based on a range of criteria, including:
– Relevance to the EIT’s mission and objectives.
– Clarity and coherence of the proposal.
– Capacity of the organization to carry out the proposed activities.
– Potential for impact and added value.
If the proposal is approved, the organization will be invited to negotiate the terms of the FPA with the EIT.
In conclusion, the EIT’s Framework Partnership Agreements offer a valuable opportunity for organizations to collaborate with the EIT and contribute to its mission of driving innovation and entrepreneurship across Europe. If you are interested in entering into an FPA with the EIT, be sure to carefully review the requirements and prepare a strong proposal that clearly demonstrates your capacity to contribute to the EIT’s goals.