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