Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 23/07/2019 21:38 
11.07.2019 19:05 News >> EU Commission Proposes $3.4B Budget For Innovation

EU Commission Proposes $3.4B Budget For Innovation

European Institute of Innovation and Technology’s proposed budget for new innovation agenda increased by 25%

The European Commission on Thursday proposed to raise the budget of the European Institute of Innovation and Technology (EIT) to €3 billion ($3.4 billion).
The institute is a part of the union's research and innovation program, Horizon Europe, with a proposed budget of €100 billion ($112.5 billion), according to a EU Commission's statement.
"The EIT is an independent EU body created in 2008 that is strengthening Europe's ability to innovate", it said.
According to the statement, the institute's proposed budget for the new innovation agenda (2021-2027) was increased by 25% or €600 million (some $675 million) compared to the current innovation agenda (2014-2020).
The EIT will fund activities of existing and new Knowledge and Innovation Communities (KICs), it added.
The Institute currently supports eight KICs which bring together companies, universities and research centers to form cross-border partnerships.
Tibor Navracsics, a commissioner in charge of the EIT, noted the institute will launch two new KICs to support innovation in cultural and creative industries.
With its proposed budget, the EIT is expected to boost innovation by supporting more than 10,000 graduates from its KICs' Master and PhDs, around 600 new start-ups and more than 7,000 existing ones.
The report underlined that one of the goals of the agenda was to increase the regional impact of KICs by strengthening its network, involving more higher education institutions, business and research organizations. -



        Latest News
Pakistan Signals Prisoners Swap Agreement With US 21 minutes ago...
PM Khan said his country could negotiate on prisoners exchange with Washington.
Hamas Delegation Meets With Iranian Officials In Tehran 6 minutes ago...
High level Hamas delegation met earlier Monday with Iran's Supreme Leader Ali Khamenei.
Boko Haram Abducts 5 Women In Troubled Nigerian Town 21 minutes ago...
Boko Haram insurgents attacked Maiduguri's northeast Dikwa town.
Pakistan Welcomes Trump's Kashmir Offer, India Irate 21 minutes ago...
US president offers to mediate longstanding Kashmir issue driving India into frenzy.
US Senate Confirms Mark Esper To Be New Pentagon Chief 21 minutes ago...
Senate approval ends months of leadership uncertainty at Defense Department following James Mattis' resignation.

 
      Top News
Venezuela Halts School, Work Activities After Power Cut Venezuela Halts School, Work Activities After Power Cut
UK: Boris Johnson Chosen As New Prime Minister UK: Boris Johnson Chosen As New Prime Minister
Days Of Torture Haunt Survivor Of Syrian Regime Prison Days Of Torture Haunt Survivor Of Syrian Regime Prison
Turkish Firms Ranked Among Top 100 Defense Companies Turkish Firms Ranked Among Top 100 Defense Companies
Tripoli Airport Resumes Operations After Brief Hiatus Tripoli Airport Resumes Operations After Brief Hiatus
South Africa: ANC Backs President In 'Corruption' Row South Africa: ANC Backs President In 'Corruption' Row
US Sanctions Chinese Firm Over Iran Oil Violations US Sanctions Chinese Firm Over Iran Oil Violations
Football: Daniel Candeias Joins Turkey's Genclerbirligi Football: Daniel Candeias Joins Turkey's Genclerbirligi
Floods Kill 4 Hikers In China Floods Kill 4 Hikers In China
Turkey Neutralizes 4 Terrorists In Southeast Turkey Neutralizes 4 Terrorists In Southeast