Budget
According to the ISTC website, over 350 organizations have joined the Partner Program to date and provided funding for 500 projects with a total value of US$160 million.
In 2004, the proposed European Commission (EC) budgets for the ISTC and STCU were approximately €21 million and €4 million respectively.
According to the 2003 budget proposal by the EC during the period 1994 to 2003, the total budget was approximately USD$ 441 million, which supported about 1,628 projects and 51,000 scientists. The EC contribution, through the Tacis Programme, for this period was € 77 million to ISTC. In 2002, 301 new ISTC projects were funded for respectively USD 78.6 million. ISTC supported 26,500 participants, for a total of grant payment reaching USD 42.5 million. Most of these projects have been medium-sized (0.35 million USD each) with a duration of two to three years. The financial contribution of the EC represents in total approximately 26% of the total funding, second to the support allocated by the USA (34,7%). In absolute figures in March 2003, the EU support of ISTC projects amounted to more than € 90.9 million.
Read more about this topic: International Science And Technology Center
Famous quotes containing the word budget:
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
“You can fool all the people all the time if the advertising is right and the budget is big enough.”
—Joseph E. Levine (b. 1905)