€6.4 billion for smart growth and jobs — Europe's biggest ever investment in research and innovation!
Read the press release in our Press Centre and the MEMO for more details?.
Today Commissioner Máire Geoghegan-Quinn announced nearly € 6.4 billion of European Commission investment in research and innovation. The package, the biggest ever, covers a vast range of scientific disciplines, public policy areas and commercial sectors. This funding will advance scientific boundaries, increase European competitiveness and help solve societal challenges such as climate change, energy and food security, health and an ageing population. Around 16 000 participants from research organisations, universities and industry, including about 3 000 SMEs, will receive funding. Grants will be awarded through calls for proposals and evaluations over the next 14 months. This package is an economic stimulus expected to create more than 165 000 jobs. It is also a long-term investment in a smarter, sustainable and more inclusive Europe. It is a key element within the EU's Europe 2020 Strategy and in particular the Innovation Union flagship initiative, which will be launched in autumn 2010.
The calls were published on the CORDIS calls page on 20 July.
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