Commission and European industry commit to bigger and better robotics sector

The European Commission, industry and academia have agreed to launch a Public Private Partnership (PPP) in Robotics, to help Europe-based companies take a larger share of the €15.5 billion annual global robotics market. Representatives from European robotics manufacturers, research institutes joined European Commission Vice President Neelie Kroes in signing a Memorandum of Understanding, the first step towards a PPP launch in 2013. The Commission believes that the future PPP will strengthen the EU robotics sector.