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EUREKA Network to Fund €33 Million in New European R&D

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EUREKA, a network of research officials from 40 countries in Europe and Israel, approved a series of new R&D projects in clean technology and related fields. Meeting in Eilat, Israel, the €33 million ($45.7 million) approved by EUREKA will fund 25 projects in renewable energy, agrofood technology, biotechnology, physical sciences, IT and electronics, and industrial manufacturing.

Projects funded by EUREKA match up partners from two or more member countries, including smaller enterprises, large industry, and research institutes. The group’s initiatives generally address challenges such as climate change, energy security, and limited water resources. EUREKA now supports more than 300 collaborative projects in a variety of industries, totaling over €1.5 billion ($2.1 billion).

EUREKA members represent countries in Europe, as well as Turkey, Russia, Ukraine, and Israel. The chair of Eureka rotates, with Israel serving as chair for 2010-2011. Six of the latest 25 projects approved by EUREKA have Israeli participation.

Read More: Europe R&D Network Approves 2011 Funding Targets

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