Partnering Europe Boon for Science and Innovation

By • on July 31, 2016

The Korean Herald website reported that the European Union has upped its financial commitment to research and innovation funding through the Horizon 2020 program, the largest ever of its kind with 77 billion euros ($85.8 billion) invested between 2014 and 2020. In line with these objectives, the EU has three goals: “open innovation,” “open science” and “open to the world.” According to Paolo Caridi, the EU’s head of trade section, the open innovation policy aims to harmonize government, academia, business, finance and civic agencies for synergy. It has reformed regulations, revised policies and boosted private investment.

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