Less risk, less cost, less
Launched in 1985, the EUREKA Initiative (now 26 countries and the EU)
aims to enhance the competitiveness of European industries through the promotion of
collaborative, market-led, high technology R&D ventures in different areas including
Collaboration has many benefits. Pooling ideas, expertise and resources enables
organisations to carry out larger and more ambitious projects. At the same time
collaboration cuts costs and risk and accelerates the time it takes to bring innovative
technologies, products, processes and services to market. These are key factors in helping
our industries and businesses to maintain their competitive edge and technological
advantage over international competitors.
EUREKA's strategy showed great foresight in anticipating the globalisation of the
world's economy. It has already had a significant impact on European R&D. The
Initiative functions through a network of National Project Co-ordinators across the EUREKA
members. It promotes and facilitates cross-border projects involving companies, research
organisations and universities working in advanced technologies.