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EUREKA launches 156 new projects

EUREKA, which supports cooperative research projects between European countries, announced at its annual Ministerial Meeting that 156 additional projects have been added to the EUREKA portfolio.

These 156 projects are worth a total of ECU 2.7 billion, and their addition means...
EUREKA, which supports cooperative research projects between European countries, announced at its annual Ministerial Meeting that 156 additional projects have been added to the EUREKA portfolio.

These 156 projects are worth a total of ECU 2.7 billion, and their addition means that over 3,000 companies and organizations are currently participating in around 700 EUREKA projects. Increasing participation of SMEs in these new projects, in comparison to previous years, means that the cost of many projects is significantly lower than in previous years. However the average cost of the new projects is higher than in the previous year, suggesting that companies are willing to take greater risks in more favourable economic circumstances.

The new projects fall into several technological areas, with the largest number of projects in information technologies, including the two largest projects. Other areas with large numbers of projects include biotechnology and medical technologies, robotics and production technologies, and environmental technologies.

The projects were selected on the basis of their market orientation and technological excellence. EUREKA aims to support advanced technology projects which are close to the market, rather than basic research. This is confirmed by the fact that the bulk of projects, in cost terms, fall into the area of high technology close to the market.
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