News

October 3, 2025

EU’s EIT hands out €1bn amid uncertain future

EIT is not expected to receive any new funds under the EU’s proposed budget

Freya Pratty

3 min read

The EU’s European Institute of Innovation and Technology (EIT), a key backer of startups across the bloc, has handed out around €1bn to organisations within its network — including EIT Manufacturing, which was recently the subject of a fraud investigation.

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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