The so-called VAMPIRE project ('Vascular Antibody-Mediated Pharmaceutically Induced tumour Resection') teams-up academics at the University, with SomantiX, a Dutch biotech company based in Utrecht.
The research is supported by associated European universities, companies and research centres including Swiss science and technology university ETH Zurich and the charity Cancer Research UK.
Professor Roy Bicknell, who will lead the project from Birmingham, said: "The European Industrial Doctorate serves a great need in society. It enables medically and economically important research to go forward, while at the same time training the next generation of leading industrial scientists."
The European Industrial Doctorate was launched as a pilot project in 2012 as part of the Marie Curie Actions (MCA), the European research fellowship programme. The EID scheme provides PhD candidates with professional experience in excellent research projects, as well as attracts more young people into scientific careers and is targeted at projects which bring together business and academic partners in two countries.