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Q: Why are JTIs needed?
A: Research is becoming increasingly global, and increasingly competitive. To become world class and stay in the lead requires a concerted effort from Europe's research community, including both public and private players. In some areas, traditional instruments of the Framework Programme, which typically involve individual projects with a small number of partners, and national / regional programmes are not sufficient to meet the needs of European industry.
Increasing the scale and impact of research investment, improving the level of coordination and integration and raising the technological content of industrial activity are essential if Europe is to be a strong, technologically innovative economy. The rapid pace of technological change, the rising costs of research, the increasing complexity and interdependence of technologies, and the potential economies of scale to be gained by cooperation across Europe are all strong reasons for setting up long-term public-private partnerships. JTIs are a new way of doing this, by combining private sector investment with European public funding, including funds from the EU's Research Framework Programme and, possibly, also national funding, as well as loan finance from the European Investment Bank.
The Commission expects this new model of public-private partnership to stimulate additional European research investment, build critical mass by uniting currently fragmented efforts, and ensure effective and efficient programme management.
Category : FP7 (Seventh Framework Programme) ( Joint Technology Initiatives (JTIs) )