Web Summit: EU research chief 'can't answer' if large funding sums will continue to flow to Ireland and Britain
THE EU Commissioner in charge of Research, Science and Innovation say he "can't answer" on whether large sums of funding granted until 2020 to Northern Irish and British researchers will continue. ________________________________
"I can't answer that question, Carlos Moedas told Independent.ie at the Web Summit in Lisbon. "There is still uncertainty over the negotiations."
The EU has an €80bn budget for research and innovation funding running until 2020.
Last month, Belfast firm secured €317,000 in funding from the Horizon 2020 fund to further its research into global warming.
Depending on how British negotiations go with EU chiefs, grants to qualifying institutions and companies may be cut off.
"I don't know at this point, we will have to see how the negotiations go," said Mr Moedas.
Mr Moedas was speaking on the second day of the Web Summit, which is being held outside Dublin for the first time. The event, which has 53,000 registered attendees, suffered a technical malfunction when founder Paddy Cosgrave opened proceedings on Monday night.
Speakers include Tinder founder Sean Rad and Hollywood actor Joseph Gordon Levitt.