The European Institute of Innovation and Technology (EIT) announced its support to the New European Bauhaus initiative with a budget of € 5 million euro for 2021 and 2022. It aims at accelerating solutions integrating sustainability, aesthetics and inclusion. For its first call, it will support 20 innovative companies with a budget of up to €50,000 each.
Throughout the year, the EIT Community has greatly supported the first phase of the New European Bauhaus. A joint EIT Community New European Bauhaus initiative was deployed to increase citizens’ engagement and involve communities in the co-design of sustainable public spaces to deliver on the goals of the European Green Deal. A €5 million budget has been granted to this initiative by the EIT. The first call will support 20 innovative companies with a budget of up to €50,000 each to accelerate solutions integrating sustainability (from climate goals, to circularity, zero pollution, and biodiversity), aesthetics (quality of experience and style, beyond functionality) and inclusion (including diversity first, securing accessibility and affordability).
The budget will be used to provide acceleration services and support New European Bauhaus-related entrepreneurs, innovators and ventures, create and mobilise citizen driven initiatives and offer entrepreneurial training activities and education resources in upskilling and lifelong learning.