Summary
The motion proposes changing how private companies contribute money to the Bio-based Industries Joint Undertaking. Instead of paying into a central fund, they can now pay directly into specific research projects. 10 24.10.2017
Other
economy
science
environment
business and competition
research and intellectual property
agriculture, forestry and fisheries
Key points
- The proposal introduces a new way for private companies to fulfill their financial commitments to bio-based research.
- Companies can now pay their required contributions directly into specific research projects instead of a central fund.
- The goal is to ensure the private sector meets its minimum contribution of 182.5 million euros by December 31, 2024.
- This new model is intended to make participation more commercially viable for businesses and small enterprises.
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