The eighth EU Framework Programme for Research and Innovation – Horizon 2020 – is running from 2014 to 2020 with a total budget of €70 billion. The BDI is actively involved in shaping the Horizon 2020 programme in order to ensure that it gives adequate priority to industry. Horizon 2020 should help create a knowledge-based, innovative society and a competitive economy. It is also a key measure in achieving the objectives of the Europe 2020 Strategy and the Innovation Union. Innovative products, services and processes are crucial for ensuring a competitive economy in Germany and Europe. Horizon 2020, which integrates the European Institute of Innovation and Technology (EIT) and elements of the former Competitiveness and Innovation Framework Programme (CIP) in the regular research programme FP7, is therefore specially geared towards promoting innovation. The aim is to boost and foster innovation at all points along the value chain – from basic research through to the commercial exploitation and market launch of newly developed products.