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September 26, 2025

Billions gone: No funds for EIT under new European Union budget

Closure of EIT could prove controversial, as it is one of only two institutions which sit in EU member state Hungary

Freya Pratty

2 min read

The EU’s European Institute of Innovation and Technology (EIT), a key backer of startups across the bloc, faces an uncertain future without EU funding. 

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Freya Pratty

Freya Pratty is a senior reporter and investigations lead at Sifted. Follow her on X , LinkedIn and Bluesky

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