Europe to Double Research Funding Under Next Horizon Scheme

Fast Summary

• The European Union (EU) announced that starting in 2028, its flagship research program will focus heavily on enhancing European competitiveness.
• The EU plans to double its spending on research and innovation under the next Horizon europe scheme.
• The initiative aims to foster scientific advancements and drive economic growth across member states.

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Indian Opinion Analysis
The doubling of research funding by the EU signals a robust commitment to technology-driven economic models and scientific progress. for India, this growth highlights the global importance of fostering a competitive edge through innovation investments. As India continues strengthening its own R&D initiatives, partnerships with programs like Horizon Europe may provide opportunities for collaborative breakthroughs and access to advanced technologies. India’s evolving emphasis on self-reliance in science could align well with this worldwide push for excellence, presenting potential avenues for mutual benefits.