Industrial production remains a key driver for innovation, economic growth and job creation in Europe. However, European leadership in many important sectors is constantly challenged by global competitors.
The Factories of the Future Public-Private Partnership (PPP) aims to help EU manufacturing enterprises, in particular SMEs, to face worldwide competition by developing the necessary key enabling technologies across a broad range of sectors. For that, the PPP launches research and innovation projects that ultimately contribute to:
- Underpinning Europe’s industrial competitiveness;
- Addressing global demand for affordable, personalised and eco-efficient products;
- Adapting manufacturing to a smart, green and inclusive economy;
- Reinforcing the role of manufacturing for growth and jobs.
The Factories of the Future PPP enables essential synergies by bringing together Europe's strengths in the manufacturing sector. It also supports the exchange of best practices between the early adopters of advanced ICT in different sectors and other companies taking up of those innovations.
‘Factories of the Future’ is a joint initiative where the European Commission and the private sector join forces. The private side of the PPP is officially represented by the European Factories of the Future Research Association (EFFRA). EFFRA is a not-for-profit industry-driven association promoting the development of new and innovative production technologies.
The PPP counts on the participation of small, medium and large enterprises, universities, research organisations, regional and national innovation clusters, and associations from across Europe who cooperate in cross-border projects to make the most of the 4th industrial revolution.
Investing in Innovation
The research and innovation activities of the Factories of the Future PPP are co-funded by the EU and the private members of the PPP's consortium. From 2014-2020 the EU is investing a total of EUR 1.15 billion under the EU research and innovation programme Horizon 2020. The private side of the PPP committed to leverage that investment by at least a factor of 5.
Since the beginning of the partnership more than 200 projects have been launched with the participation of over 1000 organisations from all across Europe.