EU governments have resigned themselves to the fact that the Galileo satellite navigation network will have to financed from the public purse – but failed to agree where the money will come from.
The Deutsche Forschungsgemeinschaft is to establish 11 new Collaborative Research Centres with total funding of £75.5 million over the next four years.
The EU and Japan agreed to strengthen their research ties at a summit last week with plans to improve cooperation and the protection of intellectual property rights
The European Commission and the European Investment Bank have set up a €2 billion risk-sharing finance facility to support research and innovation in Europe.