€7 billion boost for research and innovation will create jobs and growth Published on: 19/07/2011, Last update: 20/07/2011
The European Commission's biggest ever such funding package, under the Seventh Framework Programme for Research (FP7), will promote research to tackle the biggest societal challenges facing Europe and the world. Universities, research organisations and industry will be among more than 16.000 funding recipients. Special attention will be given to SMEs, including a package close to €1 billion. The majority of the "calls for proposals" (invitations to bid for funds) will be published on 20 July.