European Commission

The European Commission launched this week a report which addresses the challenges for the future of Europe regarding innovation and research.

The European Commission event took place in Brussels
The European Commission event took place in Brussels

Over 700 scientists, business leaders and policy makers have gathered this week in Brussels at the conference Research and Innovation – Shaping Our Future, where competitiveness, productivity and value generation were some of the key topics on discussion.

The report, entitled LAB – FAB – APP: Investing in the European Future We Want was initiated by an independent group of leading experts chaired by Pascal Lamy, President Emeritus of the Jacques Delors Institute. The document highlights the idea that part of Europe’s success is due to research and innovation as two thirds of economic growth achieved in the last two decades by industrialised countries are attributed to investments in this area. The document included 11 recommendations that focused on maximising the impact of EU investments in research and innovation in order to increase prosperity and solve the biggest societal challenges on the continent.

Apart from being pretty much focused on policies and research budgeting propositions, the recommendations address some of the Sustainable Development Goals such as education and human rights.

The 11 recommendations for the future of innovation are as follows:

*1. Prioritise research and innovation in the EU while taking them into account in national budgets, with emphasis on a doubling of the budget covering post-2020 EU research and innovation programme

  1. Build a true EU innovation policy that creates future markets

  2. Educate for the future and invest in people who will make the change

  3. Design the EU R&I programme for greater impact

  4. Adopt a mission-oriented, impact-focused approach to address global challenges

  5. Rationalise the EU funding landscape and achieve synergy with structural funds

  6. Simplify further, privilege impact over process

  7. Mobilise and involve citizens

  8. Better align EU and national R&I investment

  9. Make international R&I cooperation a trademark of EU research and innovation

  10. Capture and better communicate impact*

For Carlos Moedas, Commissioner for Research, Science and Innovation, “Research and Innovation make a big difference to enhancing productivity, boosting competitiveness and tangibly improving our quality of life. Europe is a global scientific powerhouse, but we need to better reap the benefits of this knowledge by turning it into value for the economy and society through innovation.”

Horyou is the Social Network for Social Good, which connects, supports and promotes social initiatives, entrepreneurs, and citizens who help the implementation of the Sustainable Development Goals to build a more harmonious and inclusive world. We invite you to Be the Change, Be Horyou!

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