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.
Máire Geoghegan Quinn, the Commissioner for Research & Innovation in Europe, set a goal for Europe to become an innovation economy. By removing innovation bottlenecks, focusing on societal challenges and introducing a new form of Partnerships (European Innovation Partnerships) where (pan) European stakeholders can work together, Europe will create 3,7 million new jobs and position itself as a world player if not leader in innovation.