Horizon 2020 is the European Union’s Framework Programme for Research and Innovation (2014-2020). With its dedicated budget of around EUR 77 billion over seven years, it is the biggest EU Research and Innovation programme ever. This brochure provides an overview of the state of play after three years of implementation. The key findings are:
> EU research and innovation remains attractive and relevant:
- A total of 115 235 eligible proposals were submitted under Horizon 2020 calls, requesting a total EC financial contribution of EUR 182.4 billion. This represents close to 400 000 applications.
- The overall success rate of eligible full proposals is 12.6%. Almost half of the eligible proposals were evaluated by independent experts as being of high-quality. However, out of these high-quality proposals, only one in four was funded.
- Overall 13 903 grant agreements were signed, with an EC contribution of EUR 24.8 billion.
> Simplification efforts payoff: 90.5% of grant agreements were signed within the target timeframe of eight months. The average time from a proposal being submitted to the grant being awarded keeps decreasing throughout Horizon 2020: it is now 192.5 days, as compared to 303 days in FP7.
> Around 54% of the Horizon 2020 participants are newcomers (i.e. they had not participated in the Seventh Research Framework Programme, FP7, which ran from 2007 to 2013). Almost half of them are SMEs.
> The 20% target on the share of funding going to SMEs was reached.
Full brochure available here