EU Announces €22 Billion Investment in Research and Innovation

World IT The European Commission, EU Member States, and European industry will invest over €22 billion over the next seven years in innovation for sectors that deliver high quality jobs such as electronics, aeronautics and bio-based industries. The majority of this investment will take the form of public-private partnerships, with €10 billion from industry, so as to provide strong public support to private research and innovation activities. This investment package will provide funding for large-scale, longer term, risky research and innovation initiatives in which the private sector may be unwilling to invest alone despite the potentially large economic and social returns. More on EU’s Investment in Research and Innovation