The European Commission today tabled its ‘Innovation Union’ initiative, which sets out a strategic approach to challenges such as climate change, energy and food security, health and an ageing population.
In a statement today, the Commission said it will use public sector intervention to stimulate the private sector and to “remove bottlenecks which stop ideas reaching the markets.”
These barriers can include lack of finance, fragmented research systems and markets, underuse of public procurement for innovation and slow standard setting.
To read the full, original article click on this link: European innovation initiative launched
