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Illustration of this articleEU leaders promised at the end of the Council of the European Union summit on 4 February to fuel cooperation on large-scale research projects, to make funding formalities less troublesome and to find new sources of venture capital for innovative start-up enterprises.

A strategic and integrated approach to increase innovation and profit from Europe's intellectual capital will give European citizens, researchers and businesses, especially small and medium-sized enterprises (SMEs), the boost they need. The EU Council plans to improve the mobility and career prospects of researchers, and ensure a full European Research Area (ERA) within the next two years - one of the EU's most important goals. The Council also noted that the year 2015 will have a Digital Single Market, and more national public procurement budgets will be spent for the purchase of innovative products and services.

To read the full, original article click on this link: European Commission : CORDIS : Newsroom : EU leaders push for stronger innovation and research