EIT Manufacturing Business Plan 2023-2025

ended

The main goal for the years to come is the transformation of EIT Manufacturing into a well-regarded service organisation offering qualified services to the European Manufacturing domain. This transformation will include all parts of the organisation; the pillars, the CLCs and the Manufacturing SASU. An extensive catalogue of possible service offerings has been established and prioritised. The first results have been achieved already. According to our go-to-market strategy, services will be piloted by the CLCs or the Manufacturing SASU and, if successful, rolled out over the whole organisation. The first portfolio of start-ups with financial sustainability agreements has been established, with an estimated valuation of more than €2 million. EIT Manufacturing will focus its investment in the next three years on the “European Manufacturing System”, taking an integrated European approach of all pillars: Innovation, Education, RIS, Business Creation and Communication. The “European Manufacturing System” will play a key role in the Circular Economy. It will link the steps of value creation processes in a multidimensional way, in order to identify the environmentally, economically and socially sustainable favourable alternatives for each step, going from an idea to a finished product, process or service. With Europe’s sensitivity for sustainability, and its ingenious talents in developing innovative technologies, processes and means of collaboration, Europeans are destined to lead the way to further evolved and improved Manufacturing Systems. EIT Manufacturing, in cooperation with its partners and ecosystem, helps drive this leadership by postulating the “European Manufacturing System” as a strategic objective for the European manufacturing industry, with global implications. The Business Plan implementation will fully comply with the EIT Financial Sustainability principles, KIC fund principles, Innovation Principles, EIT RIS Hub Minimum Standards and Good Governance principles.