European Commission approves 1 billion euros of support for IPCEI

28 May 2024

The European Commission today approved, under EU State aid rules, the first Important Project of Common European Interest (IPCEI) to support research, innovation and the first industrial deployment of healthcare products, as well as innovative production processes of pharmaceuticals.

This IPCEI will notably contribute to the European Health Union's objectives by delivering innovations addressing diseases for which there are no satisfactory means of prevention or treatment and by increasing the EU's preparedness for emerging health threats.

The project, called IPCEI Med4Cure, was jointly notified by six European Union member states: Belgium, France, Hungary, Italy, Slovakia and Spain.

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