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Xavier Bosch, MD, PhD

JAMA. 2007;297:1644.

	Since this article does not have an abstract, we have provided the first 150 words of the full text and any section headings.

At a time when federal funding for science in the United States has generally declined, European researchers have something to cheer about: the recent launch of the European Research Council (ERC). The new research funding agency, 5 years in the making and modeled on major US agencies such as the National Science Foundation, will focus solely on supporting fundamental "blue-skies" research and grant proposals according to their excellence and quality.

"This is a revolutionary development," says ERC President Fotis Kafatos, PhD, of Imperial College London, England. "We are committed to establish the ERC as an outstanding research funding agency that attracts the very best researchers."

It has been long recognized that the European research community has generally lacked opportunities for young researchers to make the transition from working under a supervisor to being independent leaders. Moreover, the main source of research funds at the pan-European level, . . . [Full Text of this Article]