| Author (Corporate) | European Commission: DG Communication |
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| Series Title | Press Release |
| Series Details | IP/07/668 (15.5.07) |
| Publication Date | 15/05/2007 |
| Content Type | News |
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A new era of research and development funding began on 15 May 2007 with the adoption of proposals by the European Commission to launch the first ever Europe-wide public-private R&D partnerships. The Commission presented two Joint Technology Initiatives (JTIs) on Embedded Computing Systems and Innovative Medicines. These JTIs will pool industry, Member States and Commission resources into targeted research programmes. JTIs will move away from the traditional case-by-case public funding of projects approach towards large scale research programmes dedicated to common strategic research targets. This new approach will create critical mass for European research and innovation, consolidate the European research community in key strategic areas and streamline project funding to bring research results on stream quicker. This decision creates the legal framework to establish ARTEMIS, the embedded computing systems JTI, and IMI, the Innovative Medicines Initiative. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/07/668&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Culture, Education and Research |
| Countries / Regions | Europe |
