Ukraine and the European Union have signed an agreement on Ukraine's participation in the Horizon 2020 research and innovation program.
"I am very pleased to welcome Ukraine to our EU research funding program Horizon 2020... Ukraine will now have access to the full spectrum of activities funded under Horizon 2020, helping it to spur its economy. I hope Ukraine will make the most of these opportunities," EU Commissioner for Research, Science and Innovation Commissioner Carlos Moedas said at a press conference after the signing ceremony.
He also said that Ukrainian entrepreneurs will be able to receive grants provided by the European Research Council and get access to the program's instruments designed for small and medium seized businesses.
Ukrainian Minister of Education and Science Serhiy Kvit, who signed the program on behalf of Ukraine, said that Ukraine received an unprecedented 95% discount for participation in the program.
The total amount of Ukraine's contribution for participation in the program will be EUR 35.5 million until 2020.
Horizon 2020 is the largest EU research and innovation program which is designed for seven years (2014 to 2020), and is aimed at the support of research and innovative activities.
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