Independent top advisors call for increased EU investment in research and innovation

Europe must capitalise better on the knowledge it produces, and turn its innovation potential into economic growth. Research and innovation should be prioritised in EU and national budgets, with a doubling of the budget of the successor to Horizon 2020, the current EU research and innovation programme. And it should involve citizens in addressing global challenges through broadly mobilising innovation missions.

These are among the eleven recommendations presented today to the Commission in a new vision for EU research and innovation, prepared by an independent high level group of leading experts chaired by Pascal Lamy, President Emeritus of the Jacques Delors Institute.

Inspired by the report, over 700 scientists, innovators, business people and policy makers discuss the future of research and innovation in Europe today at the conference Research & Innovation – Shaping our Future, hosted by Carlos Moedas, Commissioner for Research, Science and Innovation.

Commissioner Moedas said: "Research and Innovation make a big difference to enhancing productivity, boosting competitiveness and tangibly improving our quality of life. Europe is a global scientific powerhouse, but we need to better reap the benefits of this knowledge by turning it into value for economy and society through innovation. I warmly welcome the work by the independent group chaired by Pascal Lamy. Its recommendations are a solid base for our reflection on the funding programme that will succeed Horizon 2020."

The report, entitled LAB – FAB – APP: Investing in the European future we want highlights that in the last twenty years, two thirds of economic growth in industrialised countries is attributed to research and innovation. Its recommendations focus on maximising the impact of EU investments in research and innovation in order to increase prosperity and solve our biggest societal challenges.

Read more on the European Commission website