Background
EIT Health was established in 2015, as a ‘knowledge and innovation community’ (KIC) of the European Institute of Innovation and Technology (EIT). The EIT is made up of various KICs who each focus on a different sector, or area, of innovation – in our case, that is health and aging. The idea behind the EIT KICs is that innovation flourishes best when the right people are brought together to share expertise. The so called ‘knowledge triangle’, is the principle that when experts from business, research and education work together as one, an optimal environment for innovation is created.
Putting the theory of the ‘knowledge triangle’ into action requires a collaborative approach, we therefore work across borders with approximately 150 EIT Health partner organisations, bringing together the brightest minds in healthcare to answer some of the biggest health challenges facing Europe.
Through this unique collaborative approach, we are empowering a network of innovators to overcome barriers, challenge convention and take action to put innovative products and services into the hands of those that need them the most.
EIT Health is a non-profit organisation – we are funded by the European Union, our partners, and other contributors. EIT Health also conducts some commercial activities in order to support the long-term sustainability of the organisation, for example by charging fees for some of its services. Any income earned by EIT Health as a result of commercial activity is re-invested into the organisation to support our work. Our funds go towards helping develop new and innovative products and services, support start-ups and entrepreneurs to build companies, educate people about health and innovation, and support our operating costs.