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Home > News > Brussels to Invest $8.3 Billion in Research

July 20th, 2010

Brussels to Invest $8.3 Billion in Research

Abstract:
Research organisations, universities, and industry will receive a sum of €6.4 billion next year in the European Commission's largest ever allocation for research and innovation.

Research commissioner Máire Geoghegan-Quinn said on Monday (19 July) when presenting the plan that around 16,000 participants, including about 3,000 small and medium businesses, will receive funding.

Additionally, 35 percent of the total budget is to be ear-marked for certain specific topics including health, biotech, nanotechnology and the environment.

Source:
businessweek.com

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