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Brussels seeks to ease innovation funding methods

The European Commission has requested public recommendations on how to cut the duplication and bureaucracy that hobble innovation in Europe. The goal is to streamline four programs totaling more than €143 billion in funding for innovation and research.

Hungarian businesses also have the chance to cut out their innovation plans from red tape now. The Commission invites comments via its innovation website until May 20. It will present new proposals in June, and key changes will be made after the current funding period ending in 2013.

The four concerned programs are the Seventh Framework Program for research (FP7), the Competitiveness and Innovation Framework Program, the Cohesion Policy aimed at regions, and funds made available by the European Institute of Innovation and Technology.

According to, the last time the Commission launched a similar call for comments, more than 1,700 organizations and individuals filled out an online questionnaire and more than 100 papers were submitted. (BBJ)