EUR 1 BILLION MOBILISED UNDER HORIZON 2020
To help reach the objectives of the Coronavirus Global Response, EUR 1 billion will be mobilised under the EU’s flagship programme for research and innovation, Horizon 2020.
The EUR 1 billion from Horizon 2020 can be broken down in:
- EUR 450 million for developing scientific solutions for testing, treating and preventing against the coronavirus and developing health systems
- EUR 400 million EC guarantee of the European Investment Bank lending to finance precommercial stage investments in COVID-19 research and development (including scale up of production facilities)
- EUR 150 million for disruptive innovations on COVID-19 under the European Innovation Council’s Accelerator