What happens after FP7 ends in 2013?
In October 2010 Máire Geoghegan-Quinn, the Commissioner for Science, Research & Innovation, launched the Innovation Union(IU) – a new initiative that puts research and innovation at the heart of the European Union's policies to boost growth and jobs.
The Innovation Union aims to do three things:
- transform Europe's world class science base into a world-beating one;
- make coherent use of public sector intervention to stimulate the private sector; and
- remove the remaining bottlenecks to the commercialisation of good ideas.
Horizon 2020 – the new European instrument for research and innovation funding - is designed to help deliver jobs, prosperity and a better quality of life.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion budget, the EU’s new programme for research and innovation is part of the drive to create new growth and jobs in Europe. Horizon 2020 provides major simplification through a single set of rules. It will combine all research and innovation funding currently provided through the Framework Programmes for Research and Technical Development (FP7), the innovation related activities of the Competitiveness and Innovation Framework Programme (CIP) and the European Institute of Innovation and Technology (EIT).
- A single programme bringing together three separate programmes / initiatives
- Coupling research to innovation - from research to retail, all forms of innovation
- Focus on societal challenges facing EU society, e.g. health, clean energy and transport
- Simplified access, for all companies, universities, institutes in all EU countries and beyond.