New 100 Billion Euro EU Innovation Program May See U.K., Israel Out
The proposal for the new program limits much of its grants to companies registered in EU member countries only
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Two weeks ago, the European Commission published its proposal for Horizon Europe, the Union's research and innovation program that will replace a current program called Horizon 2020, setting the framework for the years 2021-2027. The main difference in the commission's new proposal is a clause called "open innovation," which pertains to research and development grants to industry and growth companies, and limits its 13-billion-euro-budget (out of a 100 billion euros for the entire program) to EU members only. The emphasis on promoting innovation within Europe means companies registered in countries like Israel, Switzerland, Norway, and perhaps the U.K. after the brexit will not be eligible for those grants.