The Start-Up Grant Agreement (SUGA) consortium will receive up to EUR 6 million to get EIT Culture & Creativity up and running for 2024.
The SUGA will regulate the set-up phase of EIT Culture & Creativity is now signed. Fraunhofer Gesellschaft coordinates the consortium composed of 29 organisations that will cooperate under the SUGA to get EIT Culture & Creativity, the ninth EIT Knowledge and Innovation Community (KIC), up and running by 2024.
The EUR 6 million allocation will be invested in creating a community that will foster competitive Cultural and Creative Sectors and Industries (CCSI) and boost their ability to drive Europe’s digital, green, and social transformations. The SUGA period spans from 1 October 2022 until 31 December 2023.
The start-up phase’s main goal is to create new legal entities, good governance structures, and internal initiatives that foster long-term financial sustainability plans while maintaining the public service mission. A total of eight legal entities in seven different EU countries will be created during this period. EIT Culture & Creativity will also develop its Strategic Agenda for the period up to 2027 and will further elaborate its programmatic structure. It will work hard to engage and nurture a vibrant community of innovators from all corners of Europe.
Source: European Institute of Innovation and Technology | News (https://bit.ly/3ZqhxnI)