Brussels hopes extra research money will aid innovation

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Series Details 4.4.05
Publication Date 04/04/2005
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Preview of the plans from the European Commission to double its research budget to €70bn as it seeks to bolster growth and competitiveness and catch up with the US and Japan's spending on innovation. The seven-year blueprint for research and development, to be launched on 7 April 2005, will underline plans to help transform the European Union into a 'knowledge-based' economy that will deliver a new range of high-tech innovations.

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