Within the framework of the EU 2020 strategy, the EU is to devote more than six billion euros on research funding — a windfall that will mainly be of benefit to major companies engaged in long-term projects, explains Dutch academic Alfred Kleinknecht.
Next year, the European Union will spend 6.4 billion euros to fund research and innovation projects — a sum that the Irish EU Commissioner for Research Innovation and Science Máire Geoghegan-Quinn deems to be indispensable if we are to safeguard the future of Europe. As she explains in her own words, “Investment in research and innovation is the only smart and lasting way out of crisis.” The funds in question will be sourced from the Seventh EU Framework Programe for R&D, which will administer a total of 50 billion euros in funding for the 2007-2013 period. Professor Alfred Kleinknecht, who specialises in the economics of innovation at the Delft University of Technology, monitors what becomes of this money and how it is spent.
To read the full, original article click on this link: Innovation - where will all the billions go? | Presseurop – English
