Last week, EU’s Research Commissioner, Maire Geoghegan-Quinn, announced that the European Union would invest 6.4 billion euros (US$8.3 billion) in research and innovation in 2011.
This is the most money that the research and innovation sector has ever received from the EU.
“This is the biggest package ever from the Seventh Research Framework Program, itself the biggest single such program in the world, with well over 50 billion euros of funding for the period 2007 to 2013. That is big money and it has never been needed more than now,” said Geoghegan-Quinn.
The fund will go to 16,000 participants from universities, research organizations, and private industry including 3,000 small and medium enterprises.
To read the full, original article click on this link: EU to Invest $8 Billion in Technological Innovation | Business | Epoch Times
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