Horizon 2020 is the EU’s new programme for research and innovation. It runs from 2014 to 2020 with a budget exceeding 80 billion euros.
H2020 combines all research and innovation funding previously provided through the Framework Programmes for Research and Technical Development (FP7), the innovation related activities of the Competitiveness and Innovation Programme (CIP) and the European Institute of Innovation and Technology (EIT).
The support for Research and Innovation under Horizon 2020 is implemented via three pillars (click in each category for more information):
A new set of rules has been designed to provide major simplifications for participants. Under Horizon 2020, there is only one funding rate per project whatever the type of activities and participants: 100% for research and innovation projects and 70% for innovation projects (closer to the market. Non profit organisations enjoy a 100% funding rate even for innovation projects. And one single rate of 25% for indirect costs for all participants.
The time-to-grant is reduced to 8 months (5 months for the evaluation process and 3 months for contract signing).
New funding mechanisms are available under the pillar "Societal Challenges" and "Leadership in enabling and industrial technologies". Of utmost interest, the SME instrument aims to attract more innovative SMEs to Horizon 2020 and to accelerate the market introduction of new technologies, products, processes and services.