€8.1 billion for research and innovation to boost jobs and growth in the EU
The European Commission announced the publication of the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7) for the 10 of July. In total, In total, €8.1 billion will support projects and ideas that will boost jobs and growth in the EU. Among other objectives, from this total there will be around €970 million of financing for SMEs under the thematic research priorities.
Most of the calls for proposals for research under its Seventh Framework Programme (FP7) in 2013 will be published on 10 of July. The European Commission also announced that in total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanisation and managing waste. For 2012, €7 billion was addressed for research and innovation also to boost jobs and growth.
The funding is open under the form of call for proposals to organisations and businesses in all EU Member States and partner countries. The calls target both innovation and a range of societal challenges, building a bridge to Horizon 2020, the next funding programme for EU research from 2014-2020.
On the other hand, the Commission expected that the €8.1 billion announced will leverage an additional €6 billion of public and private investment in research, and estimated to increase employment by 210,000 in the short-term and generate, over a 15 year period, an additional €75 billion in growth.