European Institute of Innovation and Technology

I stabbled upon a series of newsfeed about the creation of a new hi- tech institute in Europe, providing a high amount of financial resources for its development. Digging a bit more, I read that the initial idea was concieved by Mr. Barroso on February 2005 and only after 3 years it was approved by the Council common position.  So much for innovation. 

It’s always good to hear that initiatives are made towards IT-R&D-etc development especialy if these are initiatives that are going to be supported whole-hearted. However, I have the impression that all these initiatives of the European Union are all dissemination stunts and nothing else. No true essense to these actions. Similar to the EU Programmes initiatives, where the proper execution of a project is more important than its result… :S Nevertheless, I have supportive mentality towards the EU initiatives, even though most of the times these initiatives do not reach the target market inititialy aimed for. 

Some links:  

BBC

LiveLeak

Official site of the EIT 

EIT background

~ by G.Stefas on 16, September, 2008.

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