The European Commission recently approved the Horizon Europe funding, a program that will provide Û100 billion over 7 years to support research and innovation. It’s a significant increase from the previous 7-year budget, which was Û80 billion.
This funding is divided into three main pillars. Pillar 1 is focused on scientific excellence and will support basic research. Pillar 2 aims to speed up the development and market launch of new technologies. Pillar 3 seeks to increase the participation of European companies in global markets.
The funding will be available to researchers, universities, research centers, and businesses across Europe. It will also attract international talent to unite in the pursuit of breakthroughs.
What does this funding mean for scientists? It creates a stable and predictable environment where researchers can focus on what they do best: create and discover. It ensures that the European Union will remain a global player in research and innovation, promoting collaborations across borders.
The improvements in technologies and discoveries created by this funding would be the key to creating a healthier and smarter society, more sustainable and self-sufficient emerges markets, and relaunching the European economy.
Horizon Europe funding provides a boost for European scientific research, and is a testament to the importance of science and innovation in our society.