10 July 2014 – EU private-sector firms and member states presented their first calls for projects and partners that will receive €1.1bn in public funding from the EU’s €80bn Horizon 2020 research and innovation programme.
The €1.1bn will be matched by private-sector partners and will go into projects that will improve people’s lives, as well as boost international competitiveness of Europe’s industry.
Areas of interest include new treatments for diabetes and eye disease and a roll out of dozens of hydrogen-powered road vehicles and refuelling stations.
Seven public-private partnerships launched today will ultimately represent a total investment of €19.5bn into research and innovation over the next seven years, where the EU contribution of €7.3bn will unlock a €12.2bn investment from the private sector and the member states.
Together with four more public-private partnerships with member states, they form the Innovation Investment Package representing more than €22bn of investment into Europe’s future.
Source: Silicon Republic – 9th July 2014