Planned €80 billion EU research programme sharpens focus on converting research results into products and services.
The 2014-20 programme – known as Horizon 2020 – would bring all of the EU’s research and innovation funding programmes under a single umbrella. This will make it easier to turn scientific breakthroughs into innovative products and services that improve people's daily lives and create business opportunities.
The proposals earmark funding for three key objectives:
To cut red tape, the Commission plans to simplify reimbursement procedures for EU-funded research projects, reduce the paperwork involved in preparing a research proposal, abolish unnecessary checks and audits, and shorten the time between acceptance of a research proposal and receipt of the grant.
Many key elements from the current programme will continue, such as investment in key enabling technologies like nanotechnologies; initiatives to bring together academia, research centres and business; international collaboration, and funding for young researchers.
The plans will be discussed by ministers and MEPs with a view to agreement before the end of 2013.