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EU innovation program granted $1.35b to over 1,600 Israel projects since 2014

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Israeli companies and researchers received over 1,600 grants totaling over €1.3 billion ($1.35 billion) from Europe’s research and innovation program, Horizon 2020, between 2014 when it launched and 2020 when it wrapped up, according to an announcement by the Israel Innovation Authority.

Over the course of seven years, some 2,045 researchers, startups and other entities such as consortiums and groups received 1,666 grants from the program. Another €550 million ($572 million) was invested in Israeli companies and venture capital funds through the European Investment Bank, according to the announcement.

Since 2014, the multidisciplinary Horizon 2020 program supported projects across various fields. The most popular projects were in natural sciences, which drew about €780 million ($812 million), followed by health and life sciences initiatives with about €360 million ($374 million).

In addition, Israeli researchers drew significant grants from the European Research Council, an EU body that funds breakthrough scientific and technological research and has awarded €661 million ($689 million) to close to 500 researchers since 2014. Over 900 Israeli researchers and companies were awarded grants from the council as part of a consortium, often with global researchers and entrepreneurs, for a sum of about €402 million ($420 million).

Horizon 2020 was part of the EU’s efforts to boost international cooperation in research and innovation, a strategic priority for the union. It created business opportunities and made........

© The Times of Israel

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