Carlos Moedas, Commissioner for Research, Science and Innovation said: "Research and innovation are the engines of Europe's progress and vital to addressing today's new pressing challenges like immigration, climate change, clean energy and healthy societies. Over the next two years, €16 billion from Horizon 2020 will support Europe's top scientific efforts, making the difference to citizens' lives."
Today the European Commission is announcing new support for innovative companies around Europe through two initiatives.
One of these is a new, €200 million, "Fast Track to Innovation" initiative launched today by the Commissioner for Research, Science and Innovation Carlos Moedas.
This instrument will promote innovation by reducing the time it takes to bring innovative ideas to market.