Considerations on COM(2011)822 - Strategic Innovation Agenda of the European Institute of Innovation and Technology (EIT): the contribution of the EIT to a more innovative Europe

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table>(1)Regulation (EC) No 294/2008 requires the Commission to submit a proposal for the first Strategic Innovation Agenda ("the SIA"), on the basis of the draft provided by the European Institute of Innovation and Technology ("the EIT").
(2)The SIA should define the priority fields and the long-term strategy of the EIT and include an assessment of its economic impact and capacity to generate best innovation added-value. The SIA should take into account the results of the monitoring and evaluation of the EIT.

(3)The first SIA should include detailed specifications and terms of reference concerning the operation of the EIT, the procedures for co-operation between the Governing Board and the Knowledge and Innovation Communities ("the KICs") and the methods of funding the KICs,