Research and development (R & D) is often considered as a driving force behind economic growth, job creation, innovation, and the subsequent increasing quality of products.
The seventh framework programme for research and technological development (FP7) is the EU’s main instrument for funding research in Europe ; it runs from 2007-2013 and has a total budget of EUR 53 200 million. This money is generally intended to finance grants to research actors all over Europe, usually through co-financing research, technological development and demonstration projects. More ...