Máire Geoghegan-Quinn: « Knowledge is the currency of the global economy. »

The European Commission has announced the final and biggest ever set of calls for proposals for research under its Seventh Framework Programme (FP7). In total, €8.1 billion will support projects and ideas that will boost Europe’s competitiveness and tackle issues such as human health, protecting the environment and finding new solutions to growing challenges linked to urbanization and managing waste. The funding – which is open to organizations and businesses in all EU Member States and partner countries – makes up the lion’s share of the EU’s proposed €10.8 billion research budget for 2013. This announcement comes just days after EU leaders emphasized the importance of research and innovation in the Compact for Growth and Jobs.
European Research, Innovation and Science Commissioner Máire Geoghegan-Quinn said: « Knowledge is the currency of the global economy. If Europe wants to continue to compete in the 21st century, we must support the research and innovation that will generate growth and jobs, now and in the future. The high level of competition for EU funding makes sure that taxpayers’ money goes to the best projects that tackle issues that concern all of us. »