Statement: Commission welcomes EU Member States’ approval of multi-billion euro innovation partnerships

On 6 May 2014, the European Commission welcomed final adoption by EU Member States of nine public-private and public-public research partnerships worth up to €20 billion.

The partnerships had already been approved by the European Parliament on 15 April. Most of the investment will go to five public-private partnerships in innovative medicines, aeronautics, bio-based industries, fuel cells and hydrogen and electronics. The decision paves the way to launch these partnerships, with first calls for projects expected on 9th July 2014. EU Member States are expected to formally adopt related partnerships on rail transport and air traffic management (Single European Sky Air Traffic Management Research) worth an additional €2 billion in the coming weeks.

• Primary Source

ESO: Background information: Commissioner Geoghegan-Quinn welcomes EP adoption of €22 billion Innovation Investment Package http://www.europeansources.info/record/statement-commissioner-geoghegan-quinn-welcomes-ep-adoption-of-e22-billion-innovation-investment-package/

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