EU boosts EIC budget for supporting deeptech R&D and strategic scale-ups

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The European Union will spend €1.4 billion (about $1.5 billion) next year to bolster deeptech research and support scale-ups in strategic areas like AI, low-carbon technologies, agritech and biotech, the European Commission said on Tuesday. The budget for the 2025 Work Program of the European Innovation Council (EIC), part of the bloc’s flagship Horizon Europe research © 2024 TechCrunch. All rights reserved. For personal use only.

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