As the financial crisis forces governments across the European Union to cut spending on scientific research, will Europe’s 110,000 foundations and charities, which control assets of €350 billion, fill the gap? This is the question being asked by European Commission officials as they seek to fuel further investment in research and innovation
The European Research Council has appointed new members of its governing Scientific Council, while it is still uncertain how the organisation should be run as a whole.
The R&D budget is slashed, but there’s a silver lining to the economic crisis as the costs of innovation, entrepreneurship and building new companies are reduced.
Austerity measures are leading to changes in tuition fees, collaboration with industry, philanthropic funding and funding from donations, says European University Association.
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