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The European Commission has vowed to make the application process for technological innovation funding easier and more efficient.

On Monday, Research, Innovation and Science Commissioner Máire Geoghegan-Quinn announced new measures aimed at reducing the paperwork required to take advantage of European research grants under the Seventh Framework Programme, or FP7. The goal of the measures is to reduce red tape and encourage more small and medium-size companies as well as high-tech startups to take advantage of innovation funding.

To read the full, original article click on this link: EU Gives Boost to Innovation Funding - PCWorld Business Center

Author: Jennifer Baker