Europe has announced investment worth €22bn for innovative industries. The money is being pledged by the European Commission, EU member states and European industries.
The funds will comprise €8bn from Horizon 2020, the EU’s next research and innovation funding programme, €10bn from European industry and nearly €4bn from EU member states.
Speaking about the announcement, European Commissioner for Research, Innovation and Science, Máire Geoghegan-Quinn, said: “These initiatives not only strengthen our economy, they are an investment in a better quality of life. Working together will enable us to tackle issues that no one company or country can deal with alone.”
The five public private partnership (PPPs), known as Joint Technology Initiatives (JTIs), will focus on several different industries, including heath, energy and the bioeconomy. JTIs were introduced under FP7 and will be supported under Horizon 2020. JTIs comprise industry, research community and public authorities focusing on research innovation deemed essential to European competitiveness.
The ‘Innovative Medicines 2’ JTI will focus on developing the next generation vaccines, medicines and treatments, such as new antibiotics and will receive €3.4bn. The ‘Fuel Cells and Hydrogen 2’ JTI will focus on expanding the use of clean and efficient technologies in transport, industry and energy and obtain €1.4bn.
The JTI entitled ‘Clean Sky 2’ will centre on developing cleaner, quieter aircraft with significantly less CO2 emissions and collect €4bn, whilst the new ‘Bio-based Industries’ JTI, focusing on renewable natural resources and innovative technologies for greener everyday products, will get €3.8bn. The final JTI, ‘Electronic Components and Systems’, and combining two current partnerships, will obtain €4.8bn and will aim at boosting Europe’s electronics manufacturing capabilities.
Several other public-public partnerships will also be developed between the European Commission, through Horizon 2020, and EU member states. These include a new European and Developing Countries Clinical Trials Partnership; a European Metrology Research Programme; Eurostars 2 (for SMEs); and the Active and Assisted Living Research and Development Programme. The PPPs will collectively receive €3.4bn in EU funding.
The European Air Traffic Management System (SESAR) will collect €1.6bn of money through a joint undertaking between the Commission and Eurocontrol, as well as other members.