INT/EU RESEARCH FUNDING REACHES 15% TARGET FOR SMES
Published on: 06-02-2012
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www.wbc-inco.net - Latest figures show that the European Commission is keeping its promises on research funding for
Small-and Medium Enterprises (SMEs). SMEs will receive 15.3% (€2.4 billion) of the Cooperation Programme budget
of €16.3 billion committed so far under the Seventh Framework Programme (FP7). This surpasses the goal set by the
European Parliament and European Council for FP7. €2.4 billion has already been allocated to almost 8.900 SMEs by
1 January 2012. SME funding under the Cooperation Programme is estimated to remain above 15% for the rest of the
period of FP7, thereby meeting the commitment taken by the European Commission.
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