European Commission Invests €16 Billion in Funding over Next 2 Years under H2020

ECThe European Commission plans to boost competitiveness in the next two years by investing €16 billion in research and innovation under Horizon 2020. The programme will support a wide range of initiatives, such as technologies and standards for automatic driving (over €100 million), the Internet of Things (€139 million), Industry 2020 in the Circular Economy (€670 million), and Smart and Sustainable Cities (€232 million). The new Work Programme also aims to improve the impact of Horizon 2020 funding. In addition to over €740 million dedicated to supporting research and innovation in nearly 2000 SMEs, it will leverage new opportunities supported by the European Fund for Strategic Investments (EFSI) to ensure that more money is available for innovative companies.

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