Monday

23rd May 2022

EU innovation efforts unknown

The efforts of the EU to turn the old continent into an “innovation union” are largely unknown to business leaders, according to a survey released on Tuesday (8 May) by global accounting firm Ernst & Young.

Not more than 27 percent of those polled “are aware of the European Commission’s efforts to promote innovation,” it says.

Read and decide

Join EUobserver today

Become an expert on Europe

Get instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

The survey, conducted by Brussels-based think-tank Centre for European Policy Studies (CEPS) during the first two months of this year, is based on a sample of 680 "business leaders" from 15 EU member states from all four corners of the Union.

The low result can partly be explained by the fact that “not all respondents are in fact chief executive officer,” says Andrea Renda, researcher at CEPS and author of the report.

“Some are chief financial officer or have another title,” he says. “But even then, it is very low. Even financial officers should know something about where they get their money from.”

Another explanation may be that EU policies are a mystery to many. It is often said that particularly small and medium-sized enterprises, the bulk of Europe’s industry, remain beyond the reach of the Brussels force field.

“There is a lack of outreach [on the part of EU policy-makers],” says Renda. “I think they tried their best but haven’t succeeded. It is definitely alarming.”

The survey, part of a report on EU innovation policies, shows that 82 percent of respondents “believe that access to EU funds should be made easier”.

“Not a surprise,” says Renda. EU innovation funding is notoriously slow and complex. “But still, not a good sign.”

In addition, 82 percent of respondents believe that “EU policy is too fragmented”.

“A lot of innovation is taking place across borders these days,” says Renda. “Innovation clusters are no longer local clusters but regional clusters. So there is a call for further coordination.”

Perhaps more surprising is the share of respondents who “are aware of the work of the European Institute for Innovation and Technology (EIT)”: 20 percent.

The EIT was created in 2008 in order to forge relations between the academia and business in Europe.

This is "a bit surprising,” says Renda. “It has been there for a while now and has been praised by the companies who have had the chance to work with it.”

Andrea Renda, researcher at CEPS and author of the report: "The power of simplicity"
Innovation

As the EU continues to struggle with the effects of the economic crisis, the importance of investing in innovation and research is increasingly been emphasized. But how much money is enough and where should it be spent? EUobserver investigates.

EU reaches deal on flagship cybersecurity law

The European Parliament and EU member states have reached an agreement over new rules intended to protect Europe's public and private critical entities from cyberattacks.

EU Commission won't probe 'Pegasus' spyware abuse

The European Commission says people should file their complaints with national authorities in countries whose governments are suspected of using an Israeli-made Pegasus spyware against them.

Stakeholder

The CPDP conference wants multidisciplinary digital future

During the Computers, Privacy and Data Protection (CPDP) conference, many high-level discussions will touch upon the dynamics of decision-making in the design of new technologies, including the importance of inclusion, diversity, and ethics perspectives within these processes.

EU Commission won't probe 'Pegasus' spyware abuse

The European Commission says people should file their complaints with national authorities in countries whose governments are suspected of using an Israeli-made Pegasus spyware against them.

News in Brief

  1. UK to send 'hundreds' of migrants to Rwanda each year
  2. Norwegian knife attacks were domestic dispute
  3. Sweden hits back at Turkey's 'disinformation' in Nato bid
  4. Germany's Schröder gives up one of two Russia jobs
  5. G7 countries pledge €18bn in financial aid for Ukraine
  6. Italian unions strike in protest over military aid for Ukraine
  7. Russia cuts gas supply to Finland
  8. Half of Gazprom's clients have opened rouble accounts

Stakeholders' Highlights

  1. Nordic Council of MinistersNordic delegation visits Nordic Bridges in Canada
  2. Nordic Council of MinistersClear to proceed - green shipping corridors in the Nordic Region
  3. Nordic Council of MinistersNordic ministers agree on international climate commitments
  4. UNESDA - SOFT DRINKS EUROPEEfficient waste collection schemes, closed-loop recycling and access to recycled content are crucial to transition to a circular economy in Europe
  5. UiPathNo digital future for the EU without Intelligent Automation? Online briefing Link

Latest News

  1. Missing guns amid rising far-right hate in EU
  2. MEPs boycott trip after Israeli snub
  3. What Europe still needs to do to save its bees
  4. Remembering Falcone: How Italy almost became a narco-state
  5. Economic worries and Hungary on the spot Next WEEK
  6. MEPs urge sanctioning the likes of ex-chancellor Schröder
  7. MEPs call for a more forceful EU response to Kremlin gas cut
  8. Catalan leader slams Pegasus use: 'Perhaps I'm still spied on'

Join EUobserver

Support quality EU news

Join us