The Commission has adopted an update of the 2020 Work Programme of Horizon 2020, the EU’s research and innovation programme to allocate increased funding to its priorities, including urgently needed research and innovation projects into the coronavirus. This decision is part of regular adjustment of the budget and actions of Horizon 2020.

The update includes €47.5 million in funding for the emergency call announced in early March to fight the coronavirus outbreak that led to the launch of 17 projects. In addition, the updated 2020 Work Programme dedicates over €350 million under the European Innovation Council (EIC) pilot to SMEs with breakthrough innovations addressing one or several Green Deal objectives. SMEs can apply for grant financing of up to €2.5 million each and an additional equity investment of up to €15 million. 

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Source: European Commission