The Commission promotes commercialisation and uptake of innovation through the Horizon 2020 programme and the European Structural and Investment Funds (ESIF). With the budget of €80 billion, Horizon 2020 will help bring innovative ideas to life. ESIF will dedicate around €110 billion to innovation activities, ICT, small and medium-sized enterprise (SME) competitiveness.
Horizon 2020 is the biggest EU research and innovation programme ever with nearly €80 billion of EU funding available over 7 years (2014 to 2020), in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries, and ‘world-firsts’ by taking great ideas from the lab to the market. Learn more about Horizon 2020.
The new European structural and investment funds (ESIF) will dedicate around €110 billion to innovation activities, ICT, small and medium-sized enterprise (SME) competitiveness, and the low carbon economy. Regions have to develop smart specialisation strategies prior to receiving ESIF funding for projects in the area of innovation. This process should allow regions to concentrate their investments on their comparative advantages. Learn more about ESIF.
The investment plan for Europe aims to revive investment in strategic projects around Europe to ensure that money reaches the real economy. The investment plan will be driven by the European fund for strategic investment (EFSI) to help speed up economic recovery and boost investment and growth in Europe. Learn more about EFSI.
See the main EU initiatives to improve access to finance for SMEs.
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