José Manuel Barroso, President of the European Commission, said: "The EU must remain a leader in strategic global technology sectors that provide high quality jobs. This innovation investment package combines public and private funding to do just that. This is a perfect demonstration of why the EU budget is a budget for growth."
Overall, a proposed GBP 7 billion (Euro 8 billion) investment from the next EU research and innovation programme, Horizon 2020, will secure around GBP 8.6 billion (Euro 10 billion) from industry, and close to GBP 3 billion (Euro 4 billion) from EU Member States.
European Commissioner for Research, Innovation and Science Máire Geoghegan-Quinn said: "These initiatives not only strengthen our economy, they are an investment in a better quality of life. Working together will enable us to tackle issues that no one company or country can deal with alone."
The five Public-Private Partnerships, called 'Joint Technology Initiatives' (JTIs), are:
• Innovative Medicines 2 (IMI2): to develop next generation vaccines, medicines and treatments, such as new antibiotics
• Fuel Cells and Hydrogen 2 (FCH2): to expand the use of clean and efficient technologies in transport, industry and energy
• Clean Sky 2 (CS2): to develop cleaner, quieter aircraft with significantly less CO2 emissions
• Bio-based Industries (BBI): to use renewable natural resources and innovative technologies for greener everyday products
• Electronic Components and Systems (ECSEL): to boost Europe’s electronics manufacturing capabilities