EU to Invest $8.3 Billion Towards Research and Innovation
More than $2B to be allotted to specific research areas, including nanotechnology and energy
The multi-billion dollar investment is the EU’s largest commitment to date towards R&D and innovation. In the official announcement, Research Commissioner Ms. Máire Geoghegan-Quinn anticipated that around 16,000 would receive funding, and that the awards would be given out over the next year to 16 months. In addition, 35 percent of the budget will be ear-marked to areas including health, biotechnology, nanotechnology and the environment. The Commission wants researchers to focus on solutions to challenges related to climate change, energy and food security, health, and aging population.
To view the call for proposals (research organizations, universities, and small to mid-size companies are eligible for funding grants), please visit: http://cordis.europa.eu/fp7/dc/index.cfm.