EU projects – Technology Scouting – Business Innovation

EU to invest €13.5 billion in research and innovation for 2023-2024

The Commission has adopted the main Horizon Europe work programme 2023-24, with around €13.5 billion to support researchers and innovators in Europe to pursue breakthrough solutions for environmental, energy, digital and geopolitical challenges.

As part of the broader EU €95.5 billion research and innovation programme, Horizon Europe, this funding will contribute to the EU reaching its climate goals (€5.67 billion), increasing energy resilience (€970 million), and developing core digital technologies (€4.5 billion). It will also address targeted actions to support Ukraine (€70 million), boost economic resilience and contribute to a sustainable recovery from the COVID-19 pandemic (€1 billion).

More than €600 million will be invested in the five EU Missions in 2023. This will support research and innovation, which is expected to result in, for example, better prepared local and regional authorities to face climate-related risks, the restoration of at least 25 000 km of free-flowing rivers, Climate City Contracts with 100 cities, the roll-out of soil monitoring programmes or optimise minimally-invasive diagnostic cancer interventions.

Read the full Press release HERE.