European Union grant funds for Theseus research project

European Union grant funds for Theseus research project

The European Union has announced that they have now granted $165 million in funds to the Germany research on developing an internet search engine.

The aim is to develop an online search engine that could some day challenge the domination of Google in this market.

The project is named Theseus and it has been designed to create an advanced multimedia search engine for the next-generation Internet.

The EU would be paying the funds to companies including Siemens AG, SAP AG, Deutsche Thomson oHG and EMPOLIS GmbH for this research purpose.

Google spokeswoman Katie Watson had this to say on the new development: “We welcome all efforts to help democratize access to information.”