Need for Europe-wide philanthropy in support of R&D | European Union Science & Research

Need for Europe-wide philanthropy in support of R&D | European Union Science & Research: "Need for Europe-wide philanthropy in support of R&D


In Short:

A conference considering the role of private donation in the funding of European research has highlighted the need for transnational, European-scale foundations.

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* Investing in research: 3 per cent of GDP

Background:

At the Barcelona European Council in March 2002, European leaders agreed that investment in European research and development (R&D) must be increased to 3% of GDP by 2010, with at least two thirds of the total investment coming from the private sector.