Rationale
Investigator-driven ‘frontier’ research, within the framework of activities commonly understood as ‘basic research’, is a key driver of wealth and social progress, as it opens new opportunities for scientific and technological advance, and is instrumental in producing new knowledge leading to future applications and markets. Despite many achievements and a high level of performance in a large number of fields, Europe is not making the most of its research potential and resources, and urgently needs a greater capacity to generate knowledge and translate such knowledge into economic and social value and growth. A Europe-wide competitive funding structure (in addition to and not replacing national funding) for frontier research executed by individual teams, which may be of national or transnational character, is a key component of the European Research Area, complementing other Community and national activities. It will help reinforce the dynamism and attractiveness of Europe for the best researchers from both European and third countries, and for industrial investment.
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Source: EUR-Lex (Cellar) · retrieved 2026-11-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.