ECA Report: Horizon 2020 - billions of euros paid for promises
*According to a report by the European Court of Auditors (ECA) published last night, commercial outcomes under the Horizon 2020 program fell short, and the European Commission 's monitoring of the payments made was insufficient *The Court examined only one component of the Horizon 2020 program-a component for which euro17 billion was paid out *Half of that amount went to just 550 legal entities out of the 14,500 that participated in projects funded under the 'Industrial Leadership' component *The total allocation across all components of the Horizon 2020 program amounted to euro79 billion