European Commission as an International Funding Association

European Commission as an International Funding Association

What's the System of European Funding? European Commission as an executive power of European Union carries out regular fiscal support, scientific as well as technical development, and encourages implementation of new high-technology production to the world market. The principal tools of this support are various Framework Programmes that last typically for five years.

The 7th Framework Programs budget includes around 50 billion euro. Such Programs as Eurostars, European Joint Research Area issue grants for amount of billions euro. The programs are set up in a way they help as wide research circle as possible. They grant universities and research centers, big firms, small and middle organisations, national, local, state as well as private, commercial, plus nonprofit associations. The programmes have two key objectives:

1. to develop living conditions of European residents;

2. to increase competitiveness of European economy.

One of the key conditions for European granting are improvements implementation as well as their international introduction. Typically involvement of some partners from various countries is required. Choices and Interests of EC Companions A lot of the programs are available for companions from countries which are not the European union members. Substantial part of projects granted by EC includes companions from outer countries.

Contrary to venture capital, EC does not claim a share in incorporated rights that appeared while funding, so, companions have all privileges. Transferring of a product via EC system is a significant marketing moment. Therefore, a substantial increase of partners prestige as well as international evaluating of production are noticed. A high competitive level, strict projects choice, implemented by highly trained professionals from countries around the globe, and rigid requirements make participation in EC projects prestigious. One could say that collaboration in European projects places an internationally recognized quality mark on a engaging organization and on a developed product as well.

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