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Research and innovation (Summaries of EU Legislation) 2018 The Law Library

Research and innovation (Summaries of EU Legislation) 2018 Research and innovation contribute directly to our level of prosperity and the well-being of individuals and society in general. The Treaty of Lisbon strengthens European Union (EU) action in this field of research with the aim of creating a European Research Area. With a budget of nearly EUR 80 billion, 'Horizon 2020' is the EU's research and innovation programme for the period 2014-2020. It is designed to implement the Innovation Union, Europe's strategy for innovation and one of the Europe 2020 flagship initiatives. Horizon 2020 aims to establish the EU as a leading knowledge-based economy, producing world-class science and innovation to ensure Europe's global competitiveness.