The €80 Billion Commitment of


The European Commission opened the way for universities, research organizations and businesses to apply for a share of its massive €80 billion (US$110 billion) Horizon 2020 research and innovation program, intended to help boost Europe’s knowledge-driven economy, and tackle issues that will make a difference in people’s lives.

Their current program include €500 million over two years dedicated to innovative small and medium-sized enterprises and €2.8 billion for innovative projects addressing Horizon 2020’s seven societal challenges, broadly: health; agriculture, maritime and bioeconomy; energy; transport; climate action, environment, resource efficiency and raw materials; reflective societies; and security..