EC Launches €2.8 bn Research and Innovation Programme in Robotics

roboticsThe European Commission has joined forces with the robot industry and researchers across Europe to launch the world's largest-ever programme of civilian research and innovation in robotics.

The objective is to maintain and extend Europe’s leading position in the robotics market which is predicted to be worth €60 billion annually by 2020.

This initiative is expected to generate more than 240,000 jobs in Europe to increase Europe’s share of the global market to 42%.

The European Commission will invest €700 million and the industry €2.1 billion over the next seven years.

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