Europe’s Science Spending Set for Another Big Boost

By • on June 30, 2018

The Science Magazine website reported that the European Commission plans for one of the biggest single research programs on the planet. Called Horizon Europe, the program could be worth €97.6 billion. One of the main pillars of Horizon Europe is Open Innovation, which addresses an old problem: Europe’s shortage of successful innovative businesses, despite its world-class science. At the moment, EU science funding for businesses largely goes through sizable public-private partnerships involving big firms, for example in the fields of aeronautics and pharmaceuticals. Now, EU research commissioner Carlos Moedas is launching a new project, the European Innovation Council (EIC), to encourage startup companies and “breakthrough technologies.”

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