Horizon 2020: 80 billion Euros to research and innovation

November 30th the European Commission presented a package of measures to boost research, innovation and competitiveness in Europe: Horizon 2020. The programme shall finance the Innovation Union, one of the flagships of Europe 2020.
Horizon 2020: 80 billion Euros to research and innovation

"We need a new vision for European research and innovation in a dramatically changed economic environment. Horizon 2020 provides direct stimulus to the economy and secures our science and technology base and industrial competitiveness for the future, promising a smarter, more sustainable and more inclusive society" said Commissioner for Research, Innovation and Science Máire Geoghegan-Quinn when presenting Horizon 2020.

For the first time, all EU research and innovation funding is brought together under a single programme. Horizon 2020 focuses more than ever on turning scientific breakthroughs into innovative products and services. At the same time it drastically cuts red tape, with simplification of rules and procedures to attract more top researchers and a broader range of innovative businesses.

Horizon 2020 will focus on three key objectives:

  • supporting the EU’s position in science with a budget of €24.6 billion. This includes an increase in funding of 77% for the European Research Council (ERC).
  • securing industrial leadership in innovation with a budget of €17.9 billion. This includes a major investment of €13.7 billion in key technologies, as well as greater access to capital and support for small and medium enterprises.
  • €31.7 billion will go towards addressing major concerns shared by all Europeans such as climate change, sustainable transport and mobility, food security, and the aging population of Europe.

Horizon 2020 will be complemented by further measures to complete the European Research Area by 2014.

Read more about Horizon 2020 here

Read more about the Innovation Union and Europe 2020


Reference: The Commission’s press material

NordForsk contact person: Marianne Røgeberg