Under the scheme, designed by the European Young Innovators Forum (EYIF), young people between the ages of 16 and 36 would simply type an idea into a box on a web site and send it off for consideration for funding.

The proposal has received cross-party support within the European Parliament, where MEPs Damien Abad (France; European People's Party) and Judith Merkies (Netherlands; Socialists & Democrats) amongst other parliamentary supporters are seeking to obtain an explicit endorsement for the project within the Parliament's motion on the EU budget, set to be voted upon later this year.

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