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Thursday, 28 January 2016 12:33

EU research funding boosts scientific excellence and competitiveness, report finds

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Investment in research and innovation from the EU budget between 2007 and 2013 has greatly improved scientific excellence in Europe and strengthened its competitiveness by improving industry's capacity to innovate.

 

The ex-post evaluation of EU's 7th Framework Programme (FP7) the EU research funding programme for 2007-2013, was conducted by an independent group of high-level experts which analysed the economic and societal impact of the programme. On this basis, the Commission has also drawn recommendations to be integrated into Horizon 2020, the current EU research and innovation funding programme.

The programme also strongly contributed to strengthening scientific excellence. FP7 projects have so far generated over 170,000 publications, with an open access rate of 54% for all scientific peer reviewed publications created during the lifetime of FP7.

In addition, the ex-post evaluation also found that the FP7 has had a significant impact on creating growth and jobs in Europe. Experts have forecast that FP7 investment is on track to trigger economic growth of approximately €20 billion per year over 25 years, or €500 billion in total, through direct and indirect economic effects. It is also estimated that the programme is creating 130,000 research jobs per year over a period of ten years and 160,000 additional jobs per year over a period of 25 years.

 

more info here

source EU press releases

 

Read 3415 times Last modified on Tuesday, 03 October 2017 08:56

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