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Research, Innovation and Science

Seventh Framework programme calls for proposals Brussels

"Investment in research and innovation is the only smart and lasting way out of crisis and towards sustainable and socially equitable growth."
 

Brussels, 19 July 2010


"Ladies and Gentlemen,

It's nice to be here to announce some good news before the summer break.

Let me take this chance to wish you all excellent holidays when they come.

We are going to be investing no less than 6.4 billion euro in European research and innovation over the next year or so.

This is the biggest package ever from the Seventh Research Framework Programme, itself the biggest single such programme in the world, with well over 50 billion euro of funding for the period 2007 to 2013.

That is big money and it has never been needed more than now.

We need to keep investing in research and innovation not despite the crisis, not despite the fiscal problems we face, but because of those challenges.

There is no more efficient investment in the future than research and innovation.

Indeed, research and innovation are the only smart and lasting route out of crisis and towards sustainable and socially equitable growth.

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