Feeds

EU waves through €54bn science funding package

Lots for IT in there

Intelligent flash storage arrays

As anticipated, technology research is the major beneficiary of a massive research funding plan approved yesterday by the European Parliament. The funding, released under Framework Programme 7 (FP7), is supposed to support several priority areas in science until 2013. It will be formally adopted by the EU on December 5.

In total, FP7 will fund scientific research in the EU to the tune of €54bn and represents a 40 per cent real-terms increase on the previous framework programme's funding package.

It is certainly progress towards the goal of the "Lisbon agenda" which set out to increase Europe's R&D spending to three per cent of GDP, although some are warning that even with this boost, the deadline of 2010 is unrealistic. Three per cent of the EU's GDP for the period equates to an additional €118bn.

Still, Janez Potocnik, commissioner for science and research at the European Commission, said that the budget was a real improvement over the previous framework, and hailed FP7;'s approval as "a great day" for science in Europe.

Of all the disciplines, technology gets the largest slice, having been allocated a whopping €9.1bn. This, a spokesperson for the EU explained, is because advances in technology will affect many other areas, so investment in technology generates good returns.

Antonia Mochan, spokesperson for science and research at the European Commission, told the BBC: "It is also an enabling technology...miniaturising a chip for example, or making it as bendy as paper, can apply across a whole range of different industrial sectors. So its potential is that much greater than in some other areas."

Other big winners include health (€6bn), transport (€3bn) and nanotechnology (€3bn). Climate research did not score as highly as many expected: it was allocated €1.8bn until 2013. Energy research fared a little better, receiving €2bn for the period. ®

Intelligent flash storage arrays

More from The Register

next story
MARS NEEDS WOMEN, claims NASA pseudo 'naut: They eat less
'Some might find this idea offensive' boffin admits
LOHAN crash lands on CNN
Overflies Die Welt en route to lively US news vid
Comet Siding Spring revealed as flying molehill
Hiding from this space pimple isn't going to do humanity's reputation any good
Experts brand LOHAN's squeaky-clean box
Phytosanitary treatment renders Vulture 2 crate fit for export
Boffins who stare at goats: I do believe they’re SHRINKING
Alpine chamois being squashed by global warming
No sail: NASA spikes Sunjammer
'Solar sail' demonstrator project binned
Carry On Cosmonaut: Willful Child is a poor taste Star Trek parody
Cringeworthy, crude and crass jokes abound in Steven Erikson’s sci-fi debut
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.