EIT gets EU ministers backing

EIT gets EU ministers backing


The European Union plans to set up a forum where the continent’s top researchers and high-tech firms can pool their resources to meet the challenges posed by Asia and the United States, German Research Minister Annette Schavan said on April 27. She said at least 308 million Euro (USD 415 million) was needed from the EU to establish a European Institute of Technology (EIT) in order to speed up the process of transforming research and development into marketable products. “It is now important that...


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