The EU took another step towards being the global leader of marketable scientific research after the European Research Council, or ERC, awarded 50 of its grant holders additional funding of up to €150,000 to test the commercial and social impact of their projects.
“The grants awarded today show how we can transform top science into practical innovations that will benefit everyone. Investing in research and innovation means we’re investing in EU’s future. That’s why we’ve proposed to switch our ambition to even higher gear in creating Horizon Europe, the EU’s next research €100 billion and completing the European Innovation Council,” said Research, Science, and InnovationCommissioner Carlos Moedas.
The ERC’s ‘Proof of Concept’ grants help researchers explore new business opportunities, prepare patent applications, and verify the practical viability of scientific concepts. The grants cover research on a variety of topics that, in recent years, have included uncovering how social media algorithms actually work, developing organoid tests for late-stage cancer, and creating low-cost greener batteries.
The grants, awarded three times a year, are part of the EU’s research and innovation programme, Horizon 2020.