Post-pandemic, public bodies must restructure SME support systems for long-term growth with well-functioning innovation systems with the right balance of instruments.
In Brussels, the Research & Innovation Program Horizon Europe (FP9) is the talk of ‘EU town’. Horizon Europe is hoped to be the great leap forward of Europe to close the innovation gap to the US and stay ahead of the emerging innovation giant China in the coming years.
Germany is a forward-thinking nation with the largest GDP in Europe. Germany is also one out of only four innovation leaders in the top performance group of all EU27 Member States. Their private and public sector R&D funding is on the rise in the midst of a global economic crisis and they enjoy growing economic ties with China. So what is Germany doing right?
The European Commission (EC) has launched a new open data strategy that will see a vast number of datasets owned by public authorities released to the public. The EC anticipates that the data will see businesses make money from new smart phone apps that may include maps, real-time traffic information or price comparison tools for example. The strategy is expected to boost to the EU's economy by €40 billion each year.
The Innovation Union is a strategic approach to innovation, driven at the highest political level, and will focus Europe’s future efforts on challenges like climate change, energy and food security, health and an aging population, using public sector intervention to stimulate the private sector and remove bottlenecks that stop ideas from reaching the market. Despite the focus on simulating the private sector little attention has been given to describe individual firms’ roles in so-called “innovation partnerships”. Irene Martinsson outlines a way forward.
The European Union's 'Innovation Union' initiative signals a change in how we think about innovation and the relationship between innovation, research and product or service development. In this four part series exploring the implications of the EU initiative, Haydn Shaughnessy begins by asking one of its architects, EU head of Innovation Policy, Reinhard Buescher what it means for innovation managers.