The document summarizes discussions from a conference on the European Institute of Innovation and Technology (EIT) held at Trinity College in Dublin. Over the course of multiple panels and sessions, speakers discussed how the EIT aims to foster innovation and strengthen synergies within the EU by bringing together higher education, research, and companies through partnerships. Specifically, they addressed how the EIT's Knowledge and Innovation Communities (KICs) can leverage funding to stimulate innovation, achieve impact through excellent partnerships and innovative project portfolios, and help measure the EIT and KICs' impact through monitoring. The goal is to better support innovation and job creation across Europe through improved collaboration.