Home > News > EU gives cautious go-ahead to research institute
November 26th, 2007
EU gives cautious go-ahead to research institute
European Union ministers have agreed in principle to establish a research organization to spur innovation and growth, but funding remained unresolved even as several countries jostled to host the so called "European Institute of Innovation and Technology."
At a meeting in Brussels, EU research minters also approved research initiatives worth Euros 9.3 billion ($13.8 billion) for electronics, computers, medicines and aerospace.
The projects include a Euros 3 billion effort into nanotechnology; Euros 2.7 billion for a computer project; and a Euros 1.6 billion initiative for cleaner and quieter aircraft. Companies would fund as much as 60 percent.
The Institute initiative was originally proposed two years ago by European Commission President Jose Manuel Barroso, who envisaged a Euros 2.3 billion ($3.43 billion) campus-based institute that would work in the same way as the rival Massachusetts Institute of Technology in the U.S. It was to be called the European Institute of Technology (EIT), the moniker that will still be used for the initiative.
The plan approved last Friday (Nov. 23) in Brussels is a much watered-down version of the original idea because of skepticism amongst many member states as well as the European Parliament.
Zenosense, Inc. - Hospital Collaboration - 400 Person Lung Cancer Detection Trial December 17th, 2014
SUNY Poly NanoCollege Faculty Member Selected as American Physical Society Fellow: SUNY Poly Associate Professor of Nanoscience Dr. Vincent LaBella Recognized for Significant Technological Innovations that Enable Interactive Learning December 17th, 2014
Switching to spintronics: Berkeley Lab reports on electric field switching of ferromagnetism at room temp December 17th, 2014
ORNL microscopy pencils patterns in polymers at the nanoscale December 17th, 2014
Silicon Valley-Based Foresight Valuation Launches STR-IPô, a New Initiative for Startups to Discover the Value of Their Intellectual Property December 18th, 2014
Iranian Scientists Use Nanotechnology to Increase Power, Energy of Supercapacitors December 18th, 2014
Iranian Researchers Produce Electrical Pieces Usable in Human Body December 18th, 2014
First Home-Made Edible Herbal Nanodrug Presented to Pharmacies across Iran December 17th, 2014