IHS Chemical Week

EnviroTech :: Biotech

EU and industry join forces to invest $28 billion in research and innovation

5:23 AM MDT | July 10, 2013 | Michael Ravenscroft

The European Commission, member states of the European Union, and European industry are to jointly invest more than €22 billion ($28 billion) in innovation over the next 7 years. Most of the investment will go to five public-private partnerships (PPPs)—joint technology initiatives (JTIs)—in biobased industries, fuel cells and hydrogen, innovative medicine, aeronautics, and electronics. The research partnerships are intended to boost the competitiveness of EU industry. It is proposed that an investment of €8 billion will come from the...

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