EU Budget Focused on Results (BFOR) initiative was launched in 2015 to maximise the EU's budget effectiveness in supporting growth, jobs and stability in Europe and beyond. Learn how the European Commission's Research and Innovation funding programme, Horizon 2020 (€77bn from 2014 to 2020) supports the initiative through focusing on long-term priorities and societal challenges, and getting economy driving ideas to market faster.
http://ec.europa.eu/horizon2020 Horizon 2020 is the EU's biggest ever research and innovation framework programme with a seven year budget worth nearly €80 billion. The funding is intended to help boost Europe's knowledge-driven economy, and tackle issues that will make a difference in people's lives. The programme is build around three pillars: Excellent Science, Industrial Leadership, and Societal Challenges.
The Bioeconomy – encompassing the sustainable production of renewable resources from land, fisheries and aquaculture environments and their conversion into food, feed, fibre bio-based products and bio-energy as well as the related public goods – is an important element of Europe’s reply to the challenges ahead. The Bioeconomy includes primary production, such as agriculture, forestry, fisheries and aquaculture, and industries using / processing biological resources, such as the food and pulp and paper industries and parts of the chemical, biotechnological and energy industries. The Bioeconomy represents a market estimated to be worth over EUR 2 trillion, providing 20 million jobs and accounting for 9 % of total employment in the Union in 2009.
Research and innovation (R&I) are essential for a successful, modern economy, and they are at the heart of the European Commission's policies to boost jobs, growth and investment. The Commission's vision for research and innovation has three strategic priorities: Open Innovation, Open Science and Openness to the World.
Being Open to the World means removing barriers to international cooperation between researchers and innovators, engaging in science diplomacy and leading international research and innovation partnerships to address global challenges.
Watch a few successful examples of world-wide partnerships in R&I funded by the EU.