The European Commission has set aside almost 7 billion euros to finance research for the promotion of European innovation. In addition to topics such as environmental research and nanotechnologies, the development of a strong bio-economy is also high on the EU’s political agenda.
The Innovation Union is to ensure that Europe is well equipped for global competition from emerging markets. In this regard, challenges such as climate change, energy and food security, health and population ageing are to be better addressed via far-ranging improvements to innovation performance. With the aid of research financing, the transition from innovative ideas to market-ready products is to be supported, e.g. through demonstrating the commercial potential of a new technology.
To read the full, original article click on this link: Bio-economy Council Investment in the Innovation Union: EU promoting development of the bio-economy
