European Commission invests €16 billion in funding for research and innovation over next two years including 150 million for HPC

14 Oct 2015 Brussels - The European Commission will invest almost €16 billion in research and innovation in the next two years under Horizon 2020, the EU's research and innovation funding scheme, following a new Work Programme for 2016-17 adopted yesterday. The programme will support a range of cross-cutting initiatives: the modernisation of Europe's manufacturing industry (€1 billion); technologies and standards for automatic driving (over €100 million); the Internet of Things (€139 million) to address digitalisation of EU industries; Industry 2020 in the Circular Economy (€670 million) to develop strong and sustainable economies; and Smart and Sustainable Cities (€232 million) to better integrate environmental, transport, energy and digital networks in EU's urban environments. Primeur magazine calculated that a total of €150 million is included for HPC, including supercomputing infrastructure and exascale research.

In the following two years, 2016-2017, the European Union will spend over 150 million euro on HPC, ranging from HPC support for industry to exascale development

Commission Announcement:
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