| Title | EU to Raid Science Fund for Economic Investment | |
| Date | Friday November 28 2014, @08:14PM | |
| Author | janrinok | |
| Topic | ||
| from the easy-target dept. | ||
Science is reporting on a plan by the European Commission to divert science research funds into a new economic investment package.
In his first big move after about three weeks in office, Commission president Jean-Claude Juncker has proposed diverting €2.7 billion from Horizon 2020, the bloc's €70-billion, 7-year research funding program, into a new "Investment Plan for Europe.”
The launch of the investment fund is covered in this EU Commission press release.
The response from research organisations has not been positive. The League of European Research Universities (LERU) in a statement responding to the announcement, quoted in the Science article:
Money diverted from Horizon 2020 could in theory lead to more private R&I investments and outcomes. In practice however we all know this is unlikely to happen, as money will be diverted to quick win projects that may please politicians and citizens but that will not invest in Europe's future. If we want to survive as a forward looking continent, we must invest in research, innovation and technology.
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