Towards what Horizon is EU headed by 2020? An overview of the new EU financial program

Horizon 2020, is a legislative package that succeeds the current FP7, with a proposed budget of EURO 70.9 billion and it has been seen as a response measure to the economic and financial crisis, by creatig the possibilities to invest in future jobs and growth, while addressing EU citizens about their safety, livelihoods and environment. Reliying on a three pillar structure, the funding model focuses on providing the participants similar funding rates according to the undertaken activities, while taking into consideration stakeholders’ preferences for reimbursement. Horizon 2020 is open to any project that is based on competitive initiatives; however, each country’s experience and economic development will influence its’ participation to the “Horizon 2020” funding program.