European Commission Unveils €16 Billion Investment in Innovation
The University World News website reported that the European Commission is to invest almost €16 billion (US$18 billion) in research and innovation in 2016 and 2017. The Work Program is designed to open up European research and innovation to more actors – from researchers, to entrepreneurs, to users, to governments and civil society. Carlos Moedas, European Commissioner for research, science and innovation said “We need open innovation to capitalize on the results of European research and innovation. This means creating the right ecosystems, increasing investment, and bringing more companies and regions into the knowledge economy. I would like to go further and faster towards open innovation.”
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