Horizon 2020 is the successor of the 7th Framework Programme and will have a duration of seven years from 2014 to 2020 with a budget of 77,026m Euros.
Horizon 2020 represents a major change in the planning and development of innovative European research since it will integrate all the phases of knowledge generation, from basic research to activities that are closer to the market thought innovating projects..
The new programme will address social challenges, helping to bridge the gap between research and the market with activities that promote support for innovative companies in making technological advances in viable products with true commercial potential. This focus includes the creation of associations between the private sector and the member states to obtain the necessary resources.
Horizon 2020 is based on three fundamental pillars:
There are three types of programme: enabling technologies, access to risk finance and the SME instrument.
There are 7 social challenges
Within Horizon 2020 are the Competitiveness and Innovation Framework Programme (CIP) y el European Institute for Innovation and Technology (EIT).