Graphene flagship logoIn January 2013 Europe selected the Graphene Flagship as its first $1 billion 10-year research program. Now, almost a year later, the project was officially launched in a ceremony led by Wolfgang Bosch of the European Commission, Karin Markides, President of Chalmers University of Technology, and Nokia's representative Tapani Ryhänen.

The graphene flagship project is led by theoretical physicist Jari Kinaret at Chalmers University. The consortium includes 75 academic and industrial partners from 17 European countries. The project will focus on developing graphene applications in the computing, batteries and sensor markets.

The project will now start its ramp-up phase (October 2013 till the end of March 2016) which will be funded by €54 million by the European commission. Then it will enter into the steady-state phase (2016-2020) and the EU will provide a funding of €50 million per year in that phase.

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If I calculated correctly the

If I calculated correctly the funding comes out to roughly 400 million € or about 500k per participant and year.

Seems somewhat underwhelming given the effort that went into this not to mention that 400 million is quite a bit short of 1 billion...

It is likely that the rest of

It is likely that the rest of the money (€600 million?) will come from the industrial and academic partners.

Versarien - Think you know graphene? Think again! Versarien - Think you know graphene? Think again!