EU will offer €20M in prizes for innovators

The European Commission is planning to offer 20 million in prizes for researchers to offer innovative solutions to specific problems. A first pilot prize has been awarded this year to a company having delivered solutions to store vaccines without need for refrigeration and another prize, for which submissions are now closed has been launched with the aim of supporting the creation of apps for running local public services.

Next in line is a similar prize, announced beginning of March, offering US$10.000 for the best ideas for the promotion of technology-enabled growth and job creation in the EU. Funded from the Horizon 2020 budget, more prizes will be announced in 2015 and are expected to cover the areas of health, transport, energy and materials, and renewable biological ressources. In 2016 and 2017, more prizes are already being planned to be included in EU yearly work programmes.

Raising the productivity and competitiveness of European businesses through technology. Boosting national economies on the international market, and strengthening the basis for sustainable prosperity and employment.