The European Commission will fund a 10-year, 1,000 million euro coordination action on graphene. The research initiative will aim at producing a breakthrough for technological innovation and economic exploitation based on graphene, and related two-dimensional materials. Graphene, with its unique properties, has sparked a scientific explosion, and a coordinated European level approach is needed in order to secure a major role for the European Union in this ongoing technological revolution. The project, GRAPHENE-CA, already includes 130 research groups, representing 80 academic and industrial partners in 21 European countries. The pilot phase coordination action began on May 1, 2011, and will pave the way for the full flagship project. According to Professor Jari Kinaret of Chalmers University of Technology, and the project leader, “We are convinced that exploiting the full potential of graphene will have huge impacts on society at large, and thrilled that the EU Commission shares our view and believes in our focused and open approach to moving forward.”