Smart Transport

EU to fund £18m worth of climate and urban mobility innovation projects

The European Institute of Innovation and Technology (EIT) has set out almost £18 million in funding for climate, energy and urban mobility projects under its Crisis Response Initiative.

The EIT, an independent body created by the European Union in 2008 to strengthen Europe's ability to innovate, will award £7.7m to climate change projects, £7m to clean energy projects and £3.1m to urban mobility projects.

The initiative is part of a £55m package across different industries to enable the launch of new innovation projects tackling COVID-19 related challenges as part of the ‘Pandemic Response Projects’.

Almost 1,500 companies from across 44 countries applied for the EIT’s funding and it has said that the money has been unlocked and will be used in projects that will be completed by the end of the year to help Europe recover from the Covid-19 pandemic.

The EIT is now finalising its selections to distribute its budget, but it is expecting 60% will be awarded to innovative start-ups, scale-ups and SMEs as part of the ‘Venture Support Instrument’, and 40% to innovation projects under the ‘Pandemic Response Projects’.

Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, responsible for the EIT, said: “This action of the EIT is part of the EU's comprehensive response to the COVID-19 crisis, including substantial support to innovation.

“Thanks to the EIT's funding, hundreds of innovators and companies will be given the opportunity to participate in the collective effort to overcome this crisis and rebuild our economy sustainably.”

More details on the selected ventures and innovation projects to be financed are expected to be announced in the coming weeks.

The Smart Transport October 2020 Conference - 'Connecting policy to solutions'

The Smart Transport Conference returns in October 2020, in Manchester. 

'Connecting policy to solutions'

October 27, 2020

The UK's most important meeting place for senior public policy makers and influential private sector leaders

Showcasing real-time solutions to government policy

Six important reasons to attend the Smart Transport Conferences:

1. Join the country’s most influential smart transport stakeholders focused on delivering accessible and sustainable transport for all –   showcasing private sector capabilities with government policy.
2. Listen to the UK’s leading policy-makers provide clarity on the government’s smart mobility outcomes and road to implementation.
3. Hear directly from a diverse range of private sector leaders in intelligent transport – sharing their passion and vision to bring ‘mobility for all’ into the mainstream. 
4.Engage in ground-breaking debate, network and collaborate with other senior smart transport experts on the practical steps needed for private sector solutions to turn the government’s vision into reality.
5. Identify the most important current and emerging commercial opportunities as government policy turns in to action and investment.
6. Listen to unique multimodal content that breaks down the silos in transport and is not replicated elsewhere.

Register your interest

Comment as guest

Login / Register


No comments have been made yet.