Community Research and Development Information Service - CORDIS

FP7

The Seventh Framework Programme (FP7), Taking European Research to the forefront

Funded under: FP7

Abstract

FP7 has some key differences to earlier EU research programmes, including:

Increased budget - the FP7 budget represents a 63% increase from FP6 at current prices, which means additional resources for European research. It is also a strong political message to the EU Member States, which have committed themselves to increase research spending from 2% of GDP currently to 3% in 2010.

Focus on themes - a strong focus on major research themes (e.g. health, ICTs, space, etc.) within the largest component of FP7 - Cooperation - makes the programme more flexible and responsive to the needs of industry.

European Research Council (ERC) - the first pan-European agency for funding research, the newly created European Research Council, aims to fund more high-risk yet potentially high-gain European research at the scientific frontiers.

Regions of Knowledge - FP7 is establishing new Regions of Knowledge that bring together the various research partners within a region. Universities, research centres, multinational firms, regional authorities and SMEs can all link up and strengthen their research abilities and potential.

Risk-sharing finance - a new Risk-sharing finance facility is to enhance backing for private investors in research projects, improving access to loans from the European Investment Bank (EIB) for large European research actions.

Joint Technology Initiatives (JTIs) - a user-driven follow-up to the European Technology Platforms (ETPs), the JTIs are a new concept that brings together different partners to take on objectives that cannot be reached via the 'Calls for Proposals' approach. JTIs specifically address those areas of research activity where enhanced collaboration and considerable investment are essential to long-term success.

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Record Number: 8448 / Last updated on: 2007-03-22
Category: MISC