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Eurotech: Public-Private Partnership in HPC signed between the European Commission and ETP4HPC under Horizon 2020

Amaro (Italy) – December 17th, 2013 - Eurotech, a leading provider of supercomputing technologies and a founding member of the European Technology Platform for High Performance Computing (ETP4HPC), announces that a Public-Private Partnership has been signed today between ETP4HPC and the European Commission in the form of a contractual arrangement (cPPP) with which the EU and industry will provide vital funding for research and innovation activities in the High Performance Computing sector, which is considered as one of the essential factors to Europe's industrial leadership in the next years. 

The cPPP will implement the strategic research and innovation agenda through co-funded projects selected through Horizon 2020 calls for proposals. The cPPP will therefore bring together companies, universities, research laboratories, innovative SMEs and other groups and organisations around major research and innovation challenges. 

The Commission and the representative industrial associations have agreed an overall indicative budget for 2014-2020. Budgets will be formalised on an annual basis in the Horizon 2020 work programmes. For the whole seven year period, EU funding for the HPC sector is expected to be in the order of €700 million (€142 million in 2014-2015). 
For detailed information, please refer to the EU press release: http://europa.eu/rapid/press-release_MEMO-13-1159_en.htm

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