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Renault accesses EU funds in Romania for virtual reality systems

Renault accessed European funds in Romania to develop a virtual reality project for its new car models, statistics by the Romanian Ministry of European Funds reveal.

14 projects worth EUR 35.2 M have been contracted within the Operational Competitiveness Programme (Action: 1.1.1. Large Research Development Infrastructures) for designing and endowing new research centres or for modernizing the existing ones and for developing innovation clusters.

The Action: 1.1.1. Large RD Infrastructures also provides financing for the second part of the major project major Extreme Light Infrastructure — Nuclear Physics (ELI-NP), worth approx. EUR 174.5 M.

The Action: 1.1.1. Large RD Infrastructures also entails a project belonging to Medisprof and eyeing a research lab for the customized therapy in oncology, involving EU funds of RON 14.2 M, a national contribution of RON 2.19 M and the beneficiary’s contribution of RON 6.26 M.

Another project is developed in Romania by Renault Technologie Roumanie and it targets systems to stimulate virtual reality and to test physical components in the Virtual Stimulation Environment- a cutting edge technology instrument used in developing new vehicle models. The project has been assigned EU funds of RON 4.6 M, a national contribution of RON 828,723 and the beneficiary’s contribution of RON 5.52 M.

The Operational Competitiveness Programme has EUR 1.58 billion available, with EUR 1.32 billion non-reimbursable financing coming from the European Regional Development Fund.

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