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The European Union still lags behind South Korea, the United States and Japan in the global innovation performance, but the European Commission's Innovation Scoreboard shows that the EU and its 28 Member States have become more innovative in recent years. As a result, the EU has closed half of the innovation gap towards the US.

And the biggest innovation increase is taking place in some of the EU's Member States which joined in 2004 and thereafter, making them the EU's biggest innovation potential. "There is great untapped potential for innovation in the Central and Eastern European Member States! We should use it to further enhance Europe's competitiveness and our position in the global innovation performance." says Martin Kern, the EIT Interim Director.