EC announces package of funding for societal challenges

Nearly €7bn (£6.1bn) will be made available to tackle what the EC believes to be ‘key societal challenges’ and provide more support to help bridge the gap between research and the market.

The EC predicts the funding will create around 174,000 jobs in the short term and provide €80bn in GDP growth over 15 years.

‘EU-wide competition for these funds will bring Europe’s best researchers and innovators together to tackle the biggest issues of our time, such as energy, food security, climate change and our ageing population,’ said EC commissioner Máire Geoghegan-Quinn.

A total of €220m of the €656m available for health research, and €240m of the €1.3bn in funding for information and communication technology (ICT), will be allocated to work aimed at tackling the challenge of providing for an ageing population.

The rest of the ICT funding will go to developments in network and service infrastructures, nano-/micro-systems, photonics and robotics, digital content and language technologies, and for applications such as ICT for health and ICT for energy efficiency.