European Commission to Invest €2.7 Billion on Security Union and Digitalisation
The European Commission announced how it will spend €30 billion of the EU research and innovation funding programme Horizon 2020 during 2018-2020, including €1 billion on the Security Union and €1.7 billion on digitising and transforming European industry and services.
Horizon 2020, the EU's €77 billion research and innovation funding programme, supports scientific excellence in Europe and has contributed to high-profile scientific breakthroughs. Over the next 3 years, the Commission will seek greater impact of its research funding by focusing on fewer, but critical topics such as migration, security, climate, clean energy and digital economy. Horizon 2020 will also be more geared towards boosting breakthrough, market-creating innovation. The new Work Programme also strengthens international cooperation in research and innovation.
Supporting breakthrough, market-creating innovation
Since the beginning of its mandate, the Juncker Commission has been working hard to give Europe's many innovative entrepreneurs every opportunity to thrive. Now, the Commission is launching the first phase of the European Innovation Council. Moreover, Horizon 2020 will make better use of its "crack the challenge" prizes to deliver breakthrough technology solutions to pressing problems faced by our citizens. The 2018-2020 Work Programme will focus efforts on fewer topics with bigger budgets, directly supporting the Commission's political priorities.
About Horizon 2020
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness.
Seen as a means to drive economic growth and create jobs, Horizon 2020 has the political backing of Europe’s leaders and the Members of the European Parliament. They agreed that research is an investment in our future and so put it at the heart of the EU’s blueprint for smart, sustainable and inclusive growth and jobs.
By coupling research and innovation, Horizon 2020 is helping to achieve this with its emphasis on excellent science, industrial leadership and tackling societal challenges. The goal is to ensure Europe produces world-class science, removes barriers to innovation and makes it easier for the public and private sectors to work together in delivering innovation.
The EU Framework Programme for Research and Innovation will be complemented by further measures to complete and further develop the European Research Area. These measures will aim at breaking down barriers to create a genuine single market for knowledge, research and innovation.
Source: European Commission