Most EU Member States until 2008 were steadily improving their innovation performance. The economic crisis may, however, be hampering this progress, according to the 2009 European Innovation Scoreboard (EIS) published today. Early indications show that the worst hit are Member States with lower levels of innovation performance, potentially reversing the convergence process witnessed over recent years. Meanwhile, the latest statistics show that the EU is having difficulty in catching up with the US in innovation performance, although it maintains a clear lead over the emerging economies of Brazil, Russia, India and China, despite rapid improvements in China.
"This scoreboard provides invaluable evidence on trends in innovation performance. The overall picture is positive, there are however some worrying signs and we will have to take this very seriously in developing the measures to accomplish what we just laid out in our Europe 2020 strategy. Increasing investment in research and innovation is the key to moving from crisis to sustainable prosperity. That is why the Commission is maintaining the 3% of GDP target for R&D investment in Europe and proposing realistic national targets with robust monitoring.” emphasised Vice-President Antonio Tajani, Commissioner for Entrepreneurship and Industry, and Research Commissioner Máire Geoghegan-Quinn, who is leading a cross-cutting approach to innovation in the new Commission.
The EIS 2009 includes 29 innovation-related indicators with publicly available data from 2007/2008 and trend analyses for the EU27 Member States, as well as for Croatia, Serbia, Turkey, Iceland, Norway and Switzerland. The 29 indicators are grouped around three categories: enablers (human resources, finance and support), firm activities (firm investments, linkages & entrepreneurship, throughputs) and outputs (innovators, economic effects). It does not capture yet the full effects of the recent economic and financial crises.
To read the full, original article click on this link: EUROPA - Press Releases - Scoreboard shows more innovation needed in Europe
Author: Europa