Industry News

Photonics to Receive €3.5 Billion via Public-Private Partnerships

Valerie C. Coffey

December 27, 2013—A series of contractual public-private partnerships (cPPPs) signed on 17 December by the European Commission (EC) will provide funding of €3.5 billion for near-market photonics technology development. The agreement, first conceived by the Photonics21 Association in 2011, earmarks €700 million of EC funds to be complemented with €2.8 billion in local, regional, venture capital and other industry sources of funding to streamline innovation processes and improve time to market for photonics-based technology.

The photonics funding is one of six key enabling technology areas designated in the framework of Horizon 2020, the eighth European Framework Programme for Research and Innovation. The role of Horizon 2020 is to solve major societal challenges including aging society, energy efficiency, inclusion and smart living. In addition to photonics, other key technologies funded include robotics, high-performance computing, 5G (Future Internet) networking infrastructure, sustainable manufacturing, sustainable processing, and energy-efficient buildings and vehicles.

Add a Comment