EIT Launched

Tech Transfer eNews informs me:

The European Union has launched its much-anticipated new high-tech institute, the European Institute of Innovation and Technology (EIT), with a formal opening at the Hungarian Academy of Sciences in Budapest. EU officials envision the institute as the European counterpart of the Massachusetts Institute of Technology, with leading researchers from across the continent collaborating and developing world-leading innovations in a variety of disciplines. At its inaugural meeting, EIT's 18-member governing board unanimously elected an industrial scientist, Martin Schuurmans, former executive VP of Philips Research, as the institute's first leader.