Feeds

EC earmarks €2bn for small firms

Lots of lovely lolly for research funding

  • alert
  • submit to reddit

Security for virtualized datacentres

The European Commission has announced that it is targeting small and medium enterprises (SMEs) in its distribution of €2.2bn of EU research funding.

Philippe Busquin, European research commissioner, launched the EU-funded DETECT-it project at a presentation in Brussels. The programme aimed to help SMEs to overcome the difficulties in setting up and financing research activities. It aims to identify the most innovative SMEs, and encourage them to make the most of the EU 6th Research Framework Programme (FP6) funding.

SMEs account for 66 per cent of private sector employment and 50 per cent of new jobs in the EU. According to the European Commission, nearly half of Europe's 2 million industrial SMEs have also introduced innovation into their markets.

"Small and medium-sized enterprises are central to Europe's innovation and technological breakthroughs," said Busquin. "Through targeted assistance the Commission is helping to turn SMEs' ideas into commercial realities."

Busquin said that the DETECT-it programme would give Europe's SMEs access to research expertise and corporate partnerships. It is also designed to give innovators access to the appropriate EU research funding programmes.

DETECT-it will also help SMEs to fully participate in the creation of a European Research Area (ERA), which is developing a single market for science, knowledge and innovation. Although EUR1.7 million of the SME funding will be spent within nation - states, the remaining EUR0.5 billion has been earmarked for cross-border joint ventures, innovations and technology transfers.

The project involves 42 partners from 15 countries and it will target more than 1,000 SMEs across Europe.

The EU wants to raise European R&D funding levels to 3 per cent of EU GDP by 2010. The EU has committed to increase R&D funding to 3 per cent of GDP by 2010, to bring it in line with the EU's main trading partners, the US and Japan.

© ENN

Security for virtualized datacentres

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.