European Commission
Commission approves up to €1.2 billion of state aid by seven member states for an Important Project of Common European Interest in cloud and edge computing technologies
The Commission has approved, under EU state aid rules, an Important Project of Common European Interest (‘IPCEI') to support research, development and first industrial deployment of advanced cloud and edge computing technologies across multiple providers in Europe.
The project, called IPCEI Next Generation Cloud Infrastructure and Services (IPCEI CIS), was jointly notified by seven Member States: France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain.
The member states will provide up to €1.2 billion in public funding, which is expected to unlock additional €1.4bn in private investments. As part of this IPCEI, 19 companies, including small and medium-sized enterprises (‘SMEs'), will undertake 19 highly innovative projects.
The press release is available online.
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Kazakhstan4 days agoKazakhstan cuts water use by 874 mln m³ through new technologies
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General3 days agoSerbia’s business environment is driving its integration into the EU
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Belgium4 days agoRecord breaking Belgian sailors making more waves
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