EUROPE: Budapest is choice for new EU innovation body

By Alan Osborn

Budapest has been chosen as the site of the new European Institute of Innovation and Technology (EIT), beating four other contenders (Wroclaw in Poland, Sant Cugat del Vallès near Barcelona in Spain, Jena in Germany, and Bratislava/Vienna) for the prize. The decision, taken unanimously by the science ministers of the 27 EU member countries this momth (June) , could lead to a concentration of academic and business research effort in the Hungarian capital though much of the EIT's actual work will be on-line, through the public-private ...

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