Just a quick appraisal of the list of the world’s greatest scientists, engineers and mathematicians and recipients of Nobel Prizes in these fields shows how many originated from European countries. Apart from the benefits to mankind of any new discoveries, the financial contributions of the EU and European Fund reflect how important research and development is for the economy of European countries. Other funding comes from private investors and academic institutions.
To ensure that economic benefits are as widespread as possible, the headquarters of different agencies are deliberately based in different member states. So, for example, the headquarters of the European Institute of Innovation & Technology (EIT) is in Budapest, Hungary while the European Space Agency has its main headquarters in Paris, France. Apart from these main headquarters, research is conducted in other cities and facilities in the continent.
What is the European Institute of Innovation & Technology (EIT)?
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