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Horizon Europe is the ninth EU Framework Programme for Research and Innovation with a budget of €95.5 billion and the largest single funding programme for research and innovation worldwide. It aims to build a knowledge- and innovation-based society and a competitive economy, while contributing to sustainable development. The programme facilitates collaboration and strengthens the impact of research and innovation in developing, supporting and implementing EU policies while tackling global challenges. It supports creating and better dispersing of excellent knowledge and technologies.
New elements in Horizon Europe are as follows:
European Innovation Council: Support for innovations with potential breakthrough and disruptive nature with scale-up potential that may be too risky for private investors. This is 70% of the budget earmarked for SMEs.
Missions: Sets of measures to achieve bold, inspirational and measurable goals within a set timeframe. There are 5 main mission areas as part of Horizon Europe.
Open science policy: Mandatory open access to publications and open science principles are applied throughout the programme
New approach to partnerships: Objective-driven and more ambitious partnerships with industry in support of EU policy objectives.
The structure of the programme can be seen here: