The European Commission today announced how it will spend €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020, including €2.7 billion to kick-start a European Innovation Council.

Horizon 2020, the EU's €77 billion research and innovation funding programme, supports scientific excellence in Europe and has contributed to high-profile scientific breakthroughs such as the discovery of exoplanets and gravitational waves. Over the next 3 years, the Commission will seek greater impact of its research funding by focusing on fewer, but critical topics such as migration, security, climate, clean energy and digital economy. Horizon 2020 will also be more geared towards boosting breakthrough, market-creating innovation.

Full press release