Digital Agenda for Europe
A Europe 2020 Initiative

€6.4 billion for smart growth and jobs – Europe's biggest ever investment in research and innovation

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Commissioner Máire Geoghegan-Quinn announces today nearly € 6.4 billion of European Commission investment in research and innovation. The package, the biggest ever, will advance scientific boundaries, increase European competitiveness and help solve societal challenges such as climate change, energy and food security, health and an ageing population. Around 16,000 participants from research organisations, universities and industry, including about 3,000 SMEs, will receive funding. The package is an economic stimulus expected to create more than 165.000 jobs. Grants will be awarded through "calls for proposals" (invitations to bid). Many calls will be formally published on 20th July. There is a €1.2 billion boost to Information and Communication Technology (ICT) research, which will help deliver the Commission's commitment in the Digital Agenda for Europe to maintain the pace of yearly increases in ICT funding.

Commissioner Geoghegan-Quinn's opening remarks

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