European Union Allocates Additional 500 Million Euros to "Horizon Europe" Research and Innovation Program

Brussels, Sept 29 (KUNA) -- The European Commission announced on Tuesday the allocation of an additional 500 million euros (approximately 567.47 million dollars) to the Horizon Europe research and innovation programme for the years 2026 and 2027, raising its total budget for this period to approximately 14.8 billion euros as part of the European Union’s efforts to attract talent and strengthen its position as a destination for researchers and innovators. The additional funding comes amid enhanced cooperation between the EU and Australia, with Australia joining the Horizon Europe programme, thereby supporting the partnership between the two sides in scientific research and innovation. The Commission stated in a press release that the new funding will support projects in areas including artificial intelligence, technology, and biodiversity, as well as strengthen the link between scientific research and commercial investment. The total budget of the Horizon Europe programme for the 2021–2027 period amounts to approximately 93.5 billion euros, and it has so far supported thousands of research projects involving universities, research centres, and companies. (End) A.R.N. / N.S.A.