The European Commission must improve the framework conditions for entrepreneurship to address its self-described ‘innovation gap’ with the rest of the world.
The flagship initiative to create an ‘Innovation Union’, as outlined in Europe 2020, goes some way towards addressing this gap. The ‘Innovation Union’ proposes to create an economy based on ‘knowledge and innovation’ in accordance with a theme of ‘smart growth’. A target has been set of investing 3% of Europe’s GDP on R&D by 2020.
To read the full, original article click on this link: Europe Needs to Combine Innovation with Entrepreneurship
