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PES2020 is strategic funding from the Research Council to strengthen Norwegian participation and improve returns in the form of project funding under H2020. UiO applies annually for a block grant from the Research Council, to be distributed to researchers applying for EU-funding. As from 2016, PES2020 includes more funding and a wider range of possible funded activities. UiO will use this funding to stimulate to increased participation in H2020 through several initiatives.
Research and innovation can contribute to finding solutions to identified major societal concerns. The EU has formulated seven Societal Challenges constituting one of the three pillars of Horizon 2020.