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TUC Professor Markos Papageorgiou (Department of Production Engineering & Management) is among 302 senior research leaders who received the prestigious Advanced Grant 2012 of the European Research Council for his research proposal "Traffic Management for the 21st Century".

The European Research Council (ERC) is awarding €680 million to 302 senior research leaders in 24 different countries across Europe1 in the latest competition for its prestigious 'Advanced Grants'. With up to €2.5 million per project, the funding allows these scientists to pursue their most ground-breaking ideas at the frontiers of knowledge together with their own teams.

In this Advanced Grant competition, some 2,300 applications were submitted to the ERC,
which is a slight rise from that of the last year (4.5%). The call budget of €680 million also
saw a minor increase. The number of researchers selected for funding rose slightly, from 294
to 302, while the success rate continues to be stable at 13%.