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EU funnels $2.7 billion into two “ambitious and risky” science projects

January 28, 2013

EU funnels $2.7 billion into two “ambitious and risky” science projects

European authorities will spend an unprecedented sum to promote scientific innovation in an age of austerity.

In an effort to strengthen Europe’s diminishing standing as a leader in scientific innovation and development, the European Commission recently announced awards of 1 billion euros ($1.35 billion) each to two promising projects. One involves developing the new “miracle material” graphene, and the other will build a comprehensive computer model of the human brain.

The European Commission’s Future and Emerging Technologies program has granted the unprecedentedly generous awards to help boost innovative industries within the European Union (EU), along with Switzerland and other scientifically and industrially collaborative nonmembers.

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