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EU Releases 7 Billion Euros for Research and Innovation

The European Commission has launched a 7 billion euro research and development fund aimed at tackling the biggest societal challenges facing Europe and the world. Universities, research organizations and industry will be among more than 16,000 funding recipients with special attention given to small and medium-sized enterprises. The funds will be released under the EU’s 7th Framework Program for Research. It is expected to generate 174,000 jobs in the short term and nearly 450,000 in the long term. Read more; Commissioner Geoghegan-Quinn’s Press Conference; FAQs; FP7 Calls for ProposalsAdded Value of Research, Innovation and Science