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UK launch for EU science budget

31 January 2014 Last updated at 17:18 GMT

The new European Union science budget has had its official UK launch.

Known as Horizon 2020, the programme is worth nearly £67bn (80bn euros) and covers the next seven years.

Research Commissioner Maire Geoghegan-Quinn told our correspondent Jonathan Amos that the big challenge would be to commercialise all this research, to turn it into innovative products, services and jobs.

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