Summary

The EU’s Seventh Framework Program (FP7) for Research and Development is the main instrument for funding research and technological development in the European Union for the period 2007 to 2013 with a budget of € 54 billion. FP7 complements Member States’ initiatives and scientific research programs, which represent the bulk of research budgets in the European Union. The FP7 has been labeled the most ambitious scientific program ever put forward by the European Union. This report outlines the main features of FP7, as currently proposed.