Launching of nine Public-Private and Public-Public research partnerships worth up to €20 billion by the EC 

The European Commission has welcomed the final adoption of nine Public-Private and Public-Public research partnerships with a budget up to 20 billion euros. These partnerships was approved by the European Parliament earlier this spring.

Most of the investment will go to five public-private partnerships in innovative medicines, aeronautics, bio-based industries, fuel cells and hydrogen and electronics. A first call for projects will be launched on the 9th of July.

EU Member States are also expected to formally adopt related partnerships on rail transport and air traffic management (Single European Sky Air Traffic Management Research) which would be worth an additional 2 billion euros in the coming weeks.

Over the next seven years, the EU’s contribution of €9 billion to the package will unlock an equivalent investment from the private sector and €4 billion from Member States. The EU funding will come from Horizon 2020, the European Union’s new €80 billion research and innovation programme running from 2014-2020.

Further information can be found here