€7 Billion Boost for Research & Innovation in Europe

The European Commission recently announced €7 billion more funding for stimulating innovation through research. This financial boost is part of the Seventh Framework Programme for Research and Technological Development (FP7). The calls for proposals allocated to this funding specifically correspond to Innovation Union actions.

Innovation Union is a flagship initiative of the Europe 2020 strategy; its aim is to ensure that Europe will become a global technology market competitor, and this new funding boost will provide essential support for activities that will close the gap between research and the market.

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