Statement by President José Manuel Barroso on the European Institute of Innovation and Technology (EIT) The EIT is now becoming reality! It is set to become an important feature of Europe's research and innovation landscape. Already by the end of 2009 it should be beginning its groundbreaking work on such important themes as climate change, renewable energies and the next generation of information and communication technology. The EIT will facilitate and enhance partnerships and cooperation between the worlds of business, research and higher education across the European Union. It will help to continue to boost jobs and growth in Europe in the future. By allowing networking on an unprecedented scale, European research and innovation can move into a new dimension. The Commission and I personally are proud of our proposal and the large support it has gathered. More information IP/08/414 MEMO/08/153