Why does Europe need Joint Undertaking?
The Joint Undertakings recently launched a common brochure mirroring their efforts as European public-private partnerships (PPPs) driving innovation in key industrial sectors and tackle urgent societal challenges with a quick and close-to-market approach.
JUs have been demonstrating their ability to deliver results that are both scientifically excellent and have practical applications in areas that are vital to Europe’s competitiveness.
Currently, EU funding for the JUs comes from the EU’s Research and Innovation Programme, Horizon 2020, for the period from 2014 to 2020. Industrial partners and, where relevant, national authorities must match at least the EU funding. In practice, this means that ~€7 bn of EU funding leverages more than €17 bn in R&I activities.