Est. 1min 19-10-2004 (updated: 29-01-2010 ) Euractiv is part of the Trust Project >>> Languages: Français | DeutschPrint Email Facebook X LinkedIn WhatsApp Telegram Six of this year’s ten Nobel Prize laureats are Americans. Since 1901, the US has produced nearly 50 per cent of all the winners. The Nobel Prize is a yearly award for achievements in physics, chemistry, physiology or medicine, literature and peace. For decades, the US has come out on the top in pure sciences while the Europeans have lagged behind. Two major differences separate the US and the EU research policy. First, the US spends more than twice as much on research than EU countries all together. Second, the US has looked for innovation in basic sciences whereas Europe has concentrated its efforts mainly on applied research. As part of the ‘Lisbon goals’, the EU aims, by 2010, to spend three per cent of the EU’s GDP on research. Equally, a call for the establishment of a European research council has been launched. These measures intend to double the EU’s funding for research and stimulate basic research at European level. The Prizes will be presented in Stockholm on 10 December, the anniversary of Alfred Nobel’s death in 1896. Read more with Euractiv Finland still tops global list of most competitive economies The World Economic Forum's annual competitiveness report shows that the Nordic countries continue to shine with excellent economic management and technological innovation. Subscribe now to our newsletter EU Elections Decoded Email Address * Politics Newsletters Further ReadingEU official documents Commission:Science and technology, the key to Europe's future - Guidelines for future European Union policy to support research16 June 2004 [FR] [FR] [DE] Commission:Europe and basic research14 January 2004 [FR] [FR] [DE] Commission:Investing in research: an action plan for Europe4 June 2003 [FR] [FR] [DE] EU Actors positions Noberlprize.org Press articles BBC:Monty Python and the spirit of inquiry Financial Times:Institutions scramble to share Nobel prize limelight