Press Releases :: €8.1 billion investment in research and innovation to create growth and jobs
(09/07/2012) The European Commission has today announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). The calls support the Digital Agenda's ICT research funding targets, with almost €1.5 billion going to the thematic area of information and communication technologies. Around €365 million will be decicated to research on technologies that will transform urban areas into sustainable "Smart Cities and Communities". In total, €8.1 billion will support projects and ideas that will boost Europe's competitiveness. The funding – which is open to organisations and businesses in all EU Member States and partner countries - makes up the lion's share of the EU's proposed €10.8 billion research budget for 2013. This announcement comes just days after EU leaders emphasised the importance of research and innovation in the Compact for Growth and Jobs.
Commission Press Room: IP/12/752