Econostrum | Economic News in the Mediterranean

EU provides €8m to fund 55 European researchers

Written by Eric Apim on Friday, January 8th 2021 à 18:24 | Read 128 times

European innovation in various fields will benefit from new funding (photo: Cultex).
European innovation in various fields will benefit from new funding (photo: Cultex).
EU. Within the framework of the "Proof of Concept" programme of the European Research Council (ERC), the European Union decided, on Thursday 7 January 2021, to allocate an additional €8.25 million to innovation.

Funded by Horizon 2020, the EU's research and innovation programme, the money will help fifty-five leading scientists (€150k per person) "explore the commercial and societal potential of their research results, but also to improve our lives", says a European Commission press release.

The projects include the fight against Covid 19 with, for example, a new, inexpensive and highly reliable test, but also potential new treatments for degenerative retinal diseases and blindness, as well as "proposals for a better sharing of cultural expertise in our increasingly diverse European societies (in order to promote conflict resolution and the protection of disadvantaged social groups)".

"Proof of Concept" grants awarded today by the ERC underline the role of frontier research results in developing innovations that benefit society and industry. Research funded in this way should open up new opportunities and help address pressing challenges in the areas of health, migration and climate change, among others," said Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth.

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