BRUSSELS (July 25, 11:45 a.m. ET) — The European Commission is providing 488 million euros for research into nanotechnologies as part of a 7 billion euro funding package.
The funding, announced July 19, is designed for research into societal changes facing Europe and the world is will go to universities, research organizations and industry. The funding will focus on areas such as factories of the future, green cars and energy efficient buildings.
“EU-wide competition for these funds will bring Europe's best researchers and innovators together to tackle the biggest issues of our time, such as energy, food security, climate change and our ageing population,” said European Commissioner Geoghegan-Quinn.
Some 656 million euros will be made available for health research and 1.3 billion will go towards information and communication technology (ICT). The remaining funds will be allocated to environment research and a “smart cities” initiative.