Since 2010, the innovation performance of the EU has increased by 5.8% compared to the rest of the world.
According to the European Innovation Scoreboard 2018 (EIS), recently published by the European Commission, the EU’s innovation performance continues to improve. The United Kingdom has improved its innovation performance by 14% since 2010, giving it the second-best gain in Europe, after the Netherlands, and nipping past Luxembourg. The report ranks South Korea as the most innovative country on earth, followed by Canada and Australia.
The EIS highlights that, among the many indicators that go into the overall index, the EU does best in those related to science and worst in those related to commercialization. That fits in with the current Commission refrain, as it promotes its planned €94.1 billion Horizon Europe programme, that the EU needs to put more effort into commercialising what it discovers.
Small and medium-sized enterprises (SMEs) are engines of innovation, employment and cohesion, and they deserve special attention. “Our proposals for Horizon Europe, the next EU research and innovation programme, will accelerate innovation along the full value chain and support the identification and scale-up of breakthrough innovations”, said Carlos Moedas, Commissioner for Research, Science and Innovation.
With over 25 years of experience in obtaining EU grants, the MSC R&D team can help your company identify matching funding sources and develop your innovative idea into a successful application. Interested? Do not hesitate to contact us today!