The EU has announced 6.4bn euros (£5.4bn) of funding for scientific research and innovation next year - a 12% increase on this year's allocation.
The programme is aimed at creating more than 165,000 jobs and developing "a more competitive and greener Europe", the European Commission says.
The focus is on tackling climate change, energy projects, food security, health and Europe's ageing population.
Grants will be awarded to about 16,000 research bodies and businesses.
"Research and innovation are the only smart and lasting route out of crisis and towards sustainable and socially equitable growth," said the EU Commissioner for Research and Innovation, Maire Geoghegan-Quinn.
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