The European Commission wants to spent £69 billion (€80bn) between 2014-2020 on three funding streams—excellent science, industrial leadership and societal challenges, the Horizon 2020 proposal has revealed.
The proposal for Framework 7’s successor includes three components, the priorities for which will be determined by scientists, industry and policymakers, respectively, a Commission official said. This is an attempt to clarify funding from the EU: Framework 7’s four funding streams were the obscurely titled People, Ideas, Capacities and Cohesion.
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