EU and China launch new Co-Funding Mechanism for research and innovation
At the high level "Joint Conference in Promoting Excellence through Enhanced EU-China Researchers' Mobility and Cooperation" the European Commission promoted a new Co-funding Mechanism for research and innovation. The conference was part of the five-day visit of European Commissioner for Research, Science and Innovation Carlos Moedas to China.
The Co-funding Mechanism aims to support joint research and innovation activities on topics in strategic areas of common interest and mutual benefit, such as food, agriculture, biotechnology, green transport – including aviation –, sustainable urbanisation, information and communication technologies, energy, health and mobility of young researchers. The mechanism should help to reverse a fifty percent drop in Chinese participations in the first round of Horizon 2020 calls for proposals.
The Co-funding Mechanism is financed by the Ministry of Science and Technology on the Chinese side and the European Commission Directorate General for Research and Innovation on the EU side. To implement the Co-funding Mechanism (CFM), the European Commission expects to spend over 100 million euros per year during the period from 2016 to 2020 for the benefit of Europe-based entities in joint projects under H2020 with Chinese participants. China will match corresponding resources and expects to spend 200 million RMB per year for China-based entities that will participate in projects under Horizon 2020.
For more information on the EU-China Cooperation activities in science and research go to DG Research website on China.