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This proposal is structured in the framework programme, Horizon 2020, which comes into effect in 2014, where the EIT will play a major role.
The European Commission has put forward various measures to promote research, innovation and competitiveness in Europe: the framework programme, Horizon 2020, endowed with 80,000 million Euros; a strategic innovation programme for the European Institute of Innovation and Technology (EIT), which will receive funding of 2,800 million Euros —in the framework of Horizon 2020—, and a complementary programme to boost competitiveness and innovation in SME’s, with an additional budget of 2,500 million Euros.
The target of the Commission for 2020 is for investment in R&D to be 3% of the GDP of the EU (the sum of public and private). As part of Horizon 2020, the EIT will play a major role in bringing together higher education institutions, research centres and companies of excellence to create the entrepreneurs of the future and ensure that the triangle of European knowledge can be at the top international level. The Commission has decided to increase its aid to the EIT substantially for the period 2014-2020 (with regard to the 309 million Euros since its launch in 2008).
During the presentation of Horizon 2020, Máire Geoghegan-Quinn, Commissioner for Research, Innovation and Science said, "we need a new vision of European research and innovation in an economic climate that has undergone a radical change. This programme offers a direct boost to the economy and ensures our scientific and technological base as well as our future industrial competitiveness”.
Horizon 2020 brings together for the first time in a single programme all funding for research and innovation in the EU. It focuses on turning scientific breakthroughs into innovative products and services that facilitate business opportunities and lead to an improvement in people’s quality of life. It also reduces red tape thanks to the simplification of rules and procedures. In this respect, one of the aims is to reduce the time in which funds are received after a request for funding by an average of 100 days, so that projects can be implemented more quickly.
European Research Council funding is increased by 77% to continue supporting Europe’s most talented and prestigious scientists
It should be mentioned that the new framework programme wil invest almost 6,000 million Euros in the promotion of European industrial capacities in key facilitator technologies, such as, photonics and micro- and nanoelectronics, nanotechnologies, advanced manufacturing and processing systems, and biotechnology. 5,750 million Euros—which mean an increse of 21%— will be allocated to the Marie Curie actions, which have supported the training, mobility and qualifications of more than 50,000 researchers since their launch in March 1996.
The funsing allocated to the European Research Council (ERC) will be increased by 77% to reach 13,200 million Euros. The ERC supports the scientists with most talent and creativity when it comes to researching into the frontiers of knowledge at the highest level in Europe, in the framework of an internationally recognized and respected programme.
The European Council and Parliament will debate the proposal of the European Commission in 2013 so that the funding programmes can come into effect in 2014.