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Technological progress is often hindered or almost impossible in Europe. We need to embed an Innovation Principle in European policy making, writes Markus J. Beyrer.

Markus J. Beyrer has been Director General of BUSINESSEUROPE since late 2012.

Are you in favour of innovation? If you ask anyone in Europe, I believe 99% would say, yes, it’s a good thing. But if you ask the same people if our European researchers, engineers and companies should be allowed to take more risks to explore new and innovative products and companies to put these new products easier on the market the answer would be: “I’m not sure.” “Better not.” Just a few may say “Yes, because otherwise innovation will just happen outside Europe.”