Maximizing the impact of research policies for social and economic development is very important. European Research Programs should generate more and better jobs. In that regard, more effort is needed at the EU level in bringing the EU funded scientific discoveries to the market in a form of a practical real-world application – be it a product or a service. Furthermore, to stimulate EU’s economic growth, it is also necessary to increase patents and innovations that are launched on the market and to generate added value for businesses, SMEs and start-ups. In this context it is worth noting that currently, the success rate of application to Horizon Europe is at a low 15,9%. In other words, only 1 out of 6 high-quality research projects receives funding by the EU, after going through an intense and demanding application process. Therefore, while the available funding to Horizon Europe and its successor program in the post-2027 MFF should be increased, it is important that current project requirements and procedures are revised and streamlined in order to ensure wider participation. More work is needed in building Member States competencies and administrative capacities in carrying out these complex project applications during the projects’ entire life-cycle. There is still a noticeable gap in the scientific output of eastern European countries compared to the west and we must work on closing this East/West divide.In order to ensure scientific excellence and to further stimulate economic activity in the EU, it is crucial to substantially increase the available EU budget, including Member States reaching the 3% target for RD&I. Increasing the share of GDP allocated to the MFF could enable the EU to undertake more ambitious projects in areas such as research and innovation, infrastructure and social cohesion, thereby enhancing the Union’s competitiveness – both internal and global – and addressing common challenges more effectively. The increase of the available budget should preferably come via the introduction of new own resources. This additional funding should primarily contribute to research on technologies mitigating and adapting to climate change, as well as for emerging technologies such as the Artificial Intelligence, robotics and quantum computing. Funding of other research priorities, including the social sciences, should at least be maintained. It is essential to strike a balance between investing in EU-level initiatives that yield significant benefits for all the Member States, not only a few, and to ensure a responsible fiscal management.