The European Commission will invest almost €16 billion in research and innovation in the next two years under Horizon 2020, the EU's research and innovation funding scheme, following a new Work Programme for 2016-17 adopted this week.
Carlos Moedas, Commissioner for Research, Science and Innovation said:
"Research and innovation are the engines of Europe's progress and vital to addressing today's new pressing challenges like immigration, climate change, clean energy and healthy societies. Over the next two years, €16 billion from Horizon 2020 will support Europe's top scientific efforts, making the difference to citizens' lives."
The new Work Programme 2016-17 offers funding opportunities through a range of calls for proposals, public procurements and other actions like the Horizon Prizes, together covering nearly 600 topics. The Commission said the programme's structure is a reflection of the overall flexibility of Horizon 2020 which focuses on the EU's long-term priorities and the most pressing societal challenges.
The programme will support a range of cross-cutting initiatives, including the Internet of Things (€139 million), Industry 2020 in the Circular Economy (€670 millionand Smart and Sustainable Cities (€232 million).
The new Work Programme is also set on improving the impact of Horizon 2020 funding. First, it will ensure more money is available for innovative companies thanks to new leveraging opportunities supported by the European Fund for Strategic Investments (EFSI), in addition to over €740 million dedicated to support research and innovation activities in nearly 2000 small and medium enterprises (SMEs).
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