r/europe 2d ago

Data Non-EU countries receive more funding from European Innovation Fund than 2/3 of EU countries combined

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u/eloyend Żubrza 🌲🦬🌳 Knieja 2d ago

I understand Norway and UK - what Israel is even doing here, though?

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u/Confident_Pepper1023 1d ago

I could very well be wrong, but my guess is because they have innovative project proposals, and when funded they might be giving some rights to the investors as well, so it's like an investment?

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u/Monterenbas 1d ago

Why not invest in the EU tho?

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u/Confident_Pepper1023 1d ago

They do, seems like ~600M goes to the three non-eu countries, and the remaining ~4.4B are allocated to the EU countries, out of the total ~5B.