WELBIO asbl becomes the WEL Research Institute
The Walloon Government, on the proposal of the Minister of the Economy Willy Borsus, has decided to increase its support to strategic research within the framework of the Walloon Recovery Plan in two phases:
- The first, announced in 2021, increased WELBIO's funding (€15 million/year) with a revised funding strategy, based on funding research teams rather than one-off projects, to support researchers over the long term.
- The second, announced today, aims at replicating the model by funding a second strategic axis (€9.75 million/year) in the area of disruptive technologies for an impact in sustainable transition.
It is in this context that the Government decided to restructure and rename the non-profit organisation WELBIO into the non-profit organisation WEL Research Institute, which now comprises two departments: