Together with excellence, impact has been one of the guiding principles of the EIT since its creation. In a context of economic frailty, demonstrating a tangible and measurable impact is essential. The EIT Community is characterised by a focus on results and on achieving long-lasting impact in the way the EU approaches and manages innovation. It is therefore critical that the KIC demonstrates substantial impact at the socioeconomic level over time, and significant progress towards achieving its mission and objectives. The KIC should harvest intellectual, human, material and financial resources to create valuable outputs such as innovation communities, high quality curricula, start-ups, innovative products, services, technologies, through which it develops and sustains value-added business, enhances competencies necessary for innovation and entrepreneurship, and for developing solutions to major societal challenges.
A KIC is expected to create the following impacts:
* technological/economic/innovation impact by influencing the creation and growth of companies, as well as the creation and deployment at scale of new innovative solutions to address the global challenges, creating direct and indirect jobs and mobilising additional public and private investments;
* educational impact by strengthening human capital in research and innovation, enhancing innovative and entrepreneurial skills both at individual and organisational levels and
...
