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Cooperation network, IMI board, Fermi supercomputer…

This week in Europe in brief: Cooperation network receives €10m bonus after perking up; Pharma chief becomes chairman of IMI board; Italy installs Fermi supercomputer; Eurostars selects 71 projects for funding; IMI launches €169m drugs screening system.

Cooperation network receives €10m bonus after perking up

The European Commission has confirmed that Cost, a Brussels-based intergovernmental network for Cooperation in Science and Technology, will receive the final €10 million (£8m) of its budget to 2013. Part of Cost’s funding was withheld after criticisms of its complex governance structure. But in June 2011, Cost launched a revamped strategy aiming to increase efficiency and better demonstrate impact, gaining it the trust of the Commission.

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