1 Amendments of Romana JORDAN related to 2011/0387(COD)
Amendment 174 #
Proposal for a decision
Annex – part 4 – point 4.1 – paragraph 1
Annex – part 4 – point 4.1 – paragraph 1
The EIT designed an original funding model which builds on joint strengths and resources of existing excellent organisations; EIT funding acts as a catalyst to leverage and pool together supplementary financial resources from a wide range of public and private partners. On this basis, the EIT provides on average up to 25% of the total KIC funding, while the remaining minimum 75% should come from non-EIT sources. This includes KIC partners' own revenues and resources, but also public funding at national, regional and EU level, in particular the – current and future – Structural Funds and the Framework Programme for Research and Innovation. In the latter case the KICs (or some of their partners) apply for funding in accordance with the respective rules of the programmes and on an equal footing with other applicants. The contribution from KIC partners is not a classic grant "co- financing" requirement, but a pre-requisite for a minimum level of involvement of existing organisations and their financial commitment to the KIC. This bottom-up approach guarantees strong commitment from KIC partners, incentivizes investment and stimulates structural and organizational change among KIC partners and beyond. Nevertheless, a top-down approach should not be excluded, particularly in the case of research initiatives that are already based on such an approach. The experience of the initial KICs shows that industry is financially committed to the delivery of the KIC business plans and that the share of the KIC budget from industrial partners amounts between 20%- 30% of the total KIC annual budget. Furthermore, KICs have managed to align and pool additional streams of national funding, which would not have been available otherwise (by way of illustration, the German Government has decided to entrust the management of the "Software Campus" education initiative to ICT Labs, with a budget of 50 million € over a 5-year period, coming from both public and private sources).