Brussels, 07/04/2006 (Agence Europe) - The Commission has given its go-ahead to public financing of EUR 232.5 million in favour of a research and development project in Dresden, Germany. The project, which is conducted by Infineon Technologies AG, Advanced Micro Devices (AMD) and the German public research institute, Fraunhofer-Gesellschaft, aims to create a research platform in the field of nano electronic technology. The platform would become the third European pole of excellence after those in Grenoble and Louvain. The aim of the project, whose private-public financing amounts to €700 million, is conform to that of the EU framework programme for research and should allow 190 new researchers to be recruited and for jobs to be kept on the Infineon site in Frankfurt, the Commission states. The €232.5 million in aid comes from the ERDF (€48 million) and from various other schemes authorised at national and regional level.