More than 50% of global RD&D investments in wave and tidal energy projects are in the EU. Europe invested EUR 125 million in 2011 for R&D in ocean energy (Figure 10). Half of this investment came from industry and about a fifth from EU funds. 70% of EU R&D funding was dedicated to technology R&D. The total R&D investment in ocean energy is about 10% of that for offshore wind. In addition, 5 demonstration projects have been awarded EUR 142 million from the NER 300 programed. In 2011, wave energy attracted 58% of corporate investments, reflecting the role that this technology could play along the European coast; tidal energy attracted the remaining 42%.