Europe's Knowledge and Innovation Communities, or KICs, have a potential budget of EUR1 billion (US$1.38 billion) each and the huge collaborative research and postgraduate training networks initiative is well under way. Three KICs have been established and a call for proposals recently went out for another two, with more planned in the coming years.

The initiative is being run by the European Institute of Innovation and Technology, or EIT, an independent body set up by the European Union in 2008 to deliver advanced training in innovation and entrepreneurship and to help overcome some of Europe's grand challenges. (...) - University World News, by Jan Petter Myklebust, 02 May 2014 Issue No:318