Yesterday, European Commissioner for Research, Innovation and Science Máire Geoghegan-Quinn of ELDR Member Party Fianna Fáil unveiled a major investment in research & development (R&D). Totaling € 6,4 billion, the package is the biggest ever allocated by the European Commission in this field and covers a range of scientific disciplines, public policy areas and commercial sectors. This project is a key element of the so called 'EU 2020 Strategy'that was launched a couple of months ago, and also forms the basis of the so called EU Flagship Project 'Innovation Union', which is set to be presented later this year.
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