The European Commission and Europe’s data industry are to invest €2.5 billion in a public-private partnership (PPP) that aims to  “strengthen the data sector and put Europe at the forefront of the  global data race”. According to the European Commission’s press release, the PPP will “help [….] to support research and innovation in game-changing big data ideas in fields such as energy, manufacturing and health, […] strengthen Europe’s big data community […] and support ‘Innovation Spaces’ that will offer secure environments for experimenting with both private and open data”. The PPP is due to start on 1 January 2015.

European Commission press release – October 2014