The European Commission is setting up a £1.8bn pool to fund a 10-year research and development project into embedded or "pervasive" computing in the hopes of capturing a larger slice of a market growing at 14% a year and already worth £45bn. ...

Read more at: http://www.computerweekly.com/Articles/2008/02/25/229557/european-commission-to-invest-1.8bn-in-embedded-computing.htm