The budget funding for Horizon 2020 has not been formally agreed yet, but the Europen Comission revealed yesterday (10 july 2013), the budget for ten specific projects: 22 billion euros. Those includ five pubblic and private partnership (the Joint Tacjnology Initiatives), the will get 6.5 billion euros putting in a further 9.9 billion euros from industry.

“These are timely investments. Many competitors are investing faster than us", said the European Commissioner for Research, Innovation and Science Maàire Geoghegan-Quinn at the launch of the project, " We need to bolster both public and private spending if we are to stay in - never mind ahead of - the game".

Most of the budget unveils will go to the JTIs in the field of innovative medicines (development of vaccines and new drugs) areonautics (development of cleaner, quieter aircraft which emit significantly less CO2), bio-based industries (development of renewable natural resources and greener products; fuel cells and electronics (boost Europe’s electronics manufacturing capabilities). The budget will be covered with 8 billion euros taken from the Horizon 2020 source, that will be matched with approximately 10 billion euros from industry and 4 billion from national governments.

The JTIs expect to have an unusual presence of industry committee, significantly higher than in FP7. “We needed to bring industry back into the programme,” said Geoghegan-Quinn. “When we asked industrial partners what was wrong, they all said ‘It’s all wrapped up in red tape. We have an enormous administrative burden’.”  
The JTIs still under FP7 had their own funding rates and rules of participation, while the new ones that aim to step up activities from FP7 will follow the rules of participation for Horizon 2020.