European leaders unveiled a new initiative Monday to entice U.S. scientists to bring their expertise across the Atlantic. They’re calling it “Choose Europe for Science,” and it will allocate €500 million ($565 million U.S.) over the next three years to “make Europe a magnet for researchers” from around the world.

The European Union is launching a drive to attract scientists and researchers with offers of grants and new policy plans

At the “Choose Europe for Science” conference, von der Leyen said the EC would invest $566 million over the next two years to “make Europe a magnet for researchers.”