EU Research & Innovation: Are we investing smartly?

Innovation is linked to other EU policies, such as competitiveness, environment, industry and energy. If innovation is to turn research results into new and better services and products in order to remain competitive in the global marketplace and improve European citizens’ quality of life, an increased focus on education and timely investment is necessary.

The new research and innovation funding programme, Horizon Europe, proposed by the European Commission in June 2018, shows an ambitious step in keeping the EU at the forefront of global research and innovation. The programme, has an allocated budget of approx. €94 billion for the years 2021-2027, to build on the achievements of Horizon 2020. And the initiative to form a European Innovation Council aims to create more world-scale tech companies in Europe.

But is this enough? The European Parliament argued that the Horizon Europe budget should be increased to €120 billion. It also suggested that more money should be spent on other priorities, such as helping east European Member States boost their R&D capacities.

EURACTIV organised this Stakeholder Forum to discuss how the EU can remain a leader in global R&I, faced with increased competition from other parts of the world.

Questions included:

  • Is competition for EU funding harming Europe’s R&I
    capabilities?
  • Can R&D and cohesion funds be used in unison to
    sustainably develop agriculture, industry and economies?
  • What are the dangers of allocating funds ‘too generally’?
    What role for ‘Smart Specialisation Strategies’?
  • How can research create more new business in Europe?

>> Click here for more information about the event.

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