Press Release :: Press pack : Joint Technology Initiatives (JTIs)
(15/05/2007) A new era of research and development funding began on 15 May 2007 with the adoption of proposals by the European Commission to launch the first ever Europe-wide public-private R&D partnerships. The Commission presented two Joint Technology Initiatives (JTIs) on Embedded Computing Systems and Innovative Medicines. These JTIs will pool industry, Member States and Commission resources into targeted research programmes.
JTIs will move away from the traditional case-by-case public funding of projects approach towards large scale research programmes dedicated to common strategic research targets. This new approach will create critical mass for European research and innovation, consolidate the European research community in key strategic areas and streamline project funding to bring research results on stream quicker. Today's decision creates the legal framework to establish ARTEMIS, the embedded computing systems JTI, and IMI, the Innovative Medicines Initiative.
"Last November in Helsinki I promised a bold new venture to lift European research," said Viviane Reding, European Commissioner for Information Society and Media. "Today, I am proud that we have delivered on this promise: the Commission proposes a new form of public-private partnership to pursue ambitious objectives set by industry in embedded computing systems. Achievement of these objectives will translate to more than €100 billion over the next ten years and to increased competitiveness for our strategic industries such as automotive, communications, aerospace, consumer electronics and industrial automation. Pooling public and private research investment is of key importance for staying in the global race for growth and jobs."
"Europe needs a new approach to research in certain promising areas for our competitiveness and well-being," said European Science and Research Commissioner, Janez Potočnik. "The proposals today show that the European Commission is committed to thinking differently where that is what Europe needs."
Commission Press Room: IP/07/668