EU and industry commit over €22bn to innovative projects
The European Commission, EU Member States and European industry will invest more than €22bn over the next seven years in innovation for sectors that deliver high quality jobs.
Most of the investment will go to five public-private partnerships in medicines, aeronautics, bio-based industries, fuel cells and hydrogen, and electronics.
These research partnerships are expected to boost the competitiveness of EU industry in sectors that already provide more than four million jobs. They will also aim to find solutions to major challenges, such as reducing carbon emissions or providing the next generation of antibiotics.
The package also proposes to extend an initiative to pool research and innovation investments in Air Traffic Management (SESAR), in support of the Single European Sky.
In a statement José Manuel Barroso, president of the European Commission, said, ‘The EU must remain a leader in strategic global technology sectors that provide high quality jobs.
‘This innovation investment package combines public and private funding to do just that. This is a perfect demonstration of the leverage effect of the EU budget for growth and jobs.’
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