EU invest on breakthrough innovation
“Artificial Intelligence, genetics, blockchain: science is at the core of today’s most promising breakthrough innovations. Europe is a world leader in science and technology and will play a major role in driving innovation. The Commission is making a concerted effort – including with the European Innovation Council which takes its first steps today – to give Europe’s many innovators a springboard to become world leading companies.” Said Carlos Moedas, Commissioner for Research, Science and Innovation.
The Commission today announced how it will spend €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020. Over the next 3 years, the Commission will seek greater impact of its research funding by focusing on fewer, but critical topics such as migration, security, climate, clean energy and the digital economy. Horizon 2020 will also be more geared towards boosting breakthrough, market-creating innovation. The Commission is launching the first phase of the European Innovation Council, mobilising €2.7 billion from Horizon 2020 to support high-risk, high-gain innovation to create the markets of the future. The initiative complements wider efforts made by the Juncker Commission since the beginning of its mandate to give Europe’s many innovative entrepreneurs every opportunity to thrive.