The European Union (EU) offers support to R&D projects in the current 2014-2020 funding period in form of its "Framework Programme for Research and Innovation, Horizon 2020." With a budget of more than EUR 77 billion Horizon 2020 is the world's largest funding program for research and innovation.
Horizon 2020 support is usually provided to R&D projects operating on a transnational level with at least three project partners from different European countries. Support is allocated in the form of grants covering 100% of R&D project expenditures (70% of innovation project expenditures) plus a 25% flat rate for indirect project costs.
Applications are submitted in the form of a proposal by all transnational project partners (so-called "Consortium"). The EU issues calls for proposals announcing the research area, eligibility guidelines, and the available budget.
Calls for proposals are published on the Horizon 2020 Participant Portal. Project proposals (= program applications) must be submitted via this portal.