EU reveals massive €95bn Horizon Europe innovation fund

Horizon Europe – the EU’s new €95bn research and investment programme – is the biggest programme undertaken in Europe.

The European Commission has revealed the new Horizon Europe research and investment programme that will have a budget of more than €95bn and which will run until 2027.

According to Enterprise Ireland more than 2,700 Irish entities were involved in grant agreements under the previous Horizon 2020 programme, securing €1bn in the process.

“With Ireland being a strong innovator, I am confident that its top talents will continue to participate with great success and help deliver new knowledge and solutions for a sustainable future”

It will have three key pillars; Science of Excellence, Global Challenges and European Industrial Competitiveness and Innovative Europe. The second pillar also includes research missions in five areas: cancer; adaptation to climate change, including societal transformation; climate neutral and smart cities; soil health and food; and healthy oceans, seas, coastal and inland waters.

Green, digital and inclusive recovery

“Horizon Europe will allow researchers, scientists and innovators to lead a more green, digital and inclusive recovery,” said European Commissioner for Innovation, Research, Culture, Education and Youth Mariya Gabriel.

“With Ireland being a strong innovator, I am confident that its top talents will continue to participate with great success and help deliver new knowledge and solutions for a sustainable future.”

The new investment programme was welcomed by Minister for Further and Higher Education, Research, Innovation and Science, Simon Harris, TD.

“Today, we launch a significant investment in research across Europe to ensure societies and economies are ready for the challenges of today and tomorrow,” Harris said. “The mission areas for research include cancer, climate-neutral & smart cities and adaption to climate change and social transformation under this €95 billion programme.

“We want Irish innovators, researchers and entrepreneurs to be at the centre of this programme and to fulfil their research and innovation ambitions, scale their companies, and support a green recovery.

“We secured more than €1bn in support for research and innovation over the lifetime of Horizon 2020. I look forward to supporting our researchers and innovators to compete and continue to succeed under Horizon Europe.”

Enterprise Ireland coordinates the cross governmental network of National Contacts Points for Horizon Europe.

“To build on our success in Horizon 2020, where over 2,700 Irish entities were involved in grant agreements, Enterprise Ireland encourages all Irish researchers, innovators and newcomers across all disciplines to look at the opportunities under the new Programme and to contact their National Contact Points in Enterprise Ireland and across the Horizon Europe national support network for information, funding, guidance and expert support in evaluating opportunities, and making applications,” said Horizon Europe national director Garrett Murray.

“That we have over 2000 people registered to attend the launch event is a really exciting start to Ireland’s Horizon Europe journey”.

By John Kennedy (john.kennedy3@boi.com)

Published: 25 March 2021