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EU and industry to join forces in $9 billion technological push

BRUSSELS: The European Union approved research initiatives worth €9.3 billion Friday for electronics, computers, medicines and airplanes, the first EU programs of their kind to be funded by governments and industry.

EU research ministers endorsed a €3 billion program to spur the development of tiny electronics, or nanotechnology; a €2.7 billion computer project; a €2 billion medicines initiative; and a €1.6 billion plan for cleaner and quieter aircraft. Companies would finance as much as 60 percent of the projects.
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Monday 26 November, 2007 12:02 PM

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