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On 6 May 2014, the ECOFIN Council adopted the innovation investment package of public and private partnerships that will allow large-scale innovation projects to be carried out under Horizon 2020. This innovation package will contribute to implementing the Innovation Union strategy and has a budget of up to € 22 billion. This investment will contribute to the Joint Technology Initiatives (JTIs) in the fields of bio-based industries (BBI), aeronautics (Clean Sky 2), electronics (ECSEL), fuel cells and hydrogen (FCH 2) and innovative medicines (IMI 2), as well as to the public-public partnerships as set up in Article 185 of the EU Treaty.

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