r/europe • u/MacronLeNecromancer • 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/Xseros Sweden 2d ago

Its a program which non-EU members pay into to be treated like EU members and then get paid back. This is NOT support or aid. Its money investing in research and startups.

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u/UnPeuDAide 1d ago

Do you know why would anyone want to do that? Why would you give me money so that I give you money back?

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u/CommercialStyle1647 1d ago

Because they can now collaborate better with other European research institutions. Imagine Israel is trying to create a new medicine against cancer. It's now more easily possible to collaborate with researchers in Germany who are already working on it. You can collaborate with French researchers for the producing of the drug. And with researchers from the Netherlands you work together to test it. It basically allows for an more effective collaboration and sharing of knowledge to advance everyone.

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u/UnPeuDAide 1d ago

I see, thanks.