Project Horizon 2020

Investment Incentives Law
19 May 2014
The SME Instrument: a HORIZON 2020 initiative
2 June 2014

Project Horizon 2020

Project Horizon 2020

Project Horizon 2020 is a substantial Research and Innovation program, created by the EU, in order to support and encourage research in the European Research Area. It will cover a seven year period (2014-2020) with an estimated €80 billion of funding, in addition to the private funds that it will certainly attract.
This program implements ‘’Innovation Union’’, one of Europe’s 2020 biggest initiatives, which aims at securing Europe’s global competitiveness by creating an innovation-friendly environment that takes great ideas from the lab to the markets. It helps achieve IU’s three main goals, which are:
• Europe’s establishment as a world-class science performer
• the removal of obstacles to innovation, such as expensive patenting and market fragmentation
• better collaboration between public and private sectors

Project Horizon 2020

The Horizon 2020 project has the means to boost economic growth and create new jobs, since research is the best way to invest to the future. Europe’s leaders and the Members of the European Parliament back the program politically and believe it can be the backbone of EU’s smart, sustainable and inclusive economic growth. It is open to everyone, with simple structure and easy application terms, thus making it sure that new projects begin quickly and achieve results faster.
The Program Horizon 2020 consists of three main research areas (pillars):
A. Excellent Science
This pillar focuses on reinforcing EU’s science base by attracting the best scientists in every field. With a budget of €24 billion, the ‘’Excellent Science’’ pillar provides support for emerging talents from across the EU and associated countries, focusing on the next generation of scientists, researchers and innovations.

B. Industrial Leadership
This pillar aims at the development of key-technologies that will help build tomorrow’s businesses. Emphasis will be placed on information and communications technology, nanotechnology, advanced materials, biotechnology, advanced manufacturing and processing and space. Interactions between the different technologies and their relations to societal challenges will also be accounted for. Within this scope, the ‘‘Industrial Leadership’’ pillar, with a budget of €14 billion, will provide major investments in these technologies and boost the economic growth of EU’s companies.

C. Societal Challenges
This pillar deals with important social challenges shared by citizens in the EU. It brings together resources and knowledge from different technological fields and social sciences in order to create a challenge-based approach for these major social concerns. HORIZON 2020 funds potential solutions to challenges regarding:
• Health and Demographic Change
• Food Security, Forestry, Marine and Maritime Research and the Bioeconomy
• Secure, Clean and Efficient Energy
• Smart and Integrated Transport
• Climate Change Adaptation, Resource Efficiency and Raw Materials
• The European Society
• Security and Freedom

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