EU research scheme too complex for companies

The European Union's bid to turn itself into an innovation powerhouse is all well and good, say experts, but the amount of EU money needed to power research and creativity is too difficult to access.

Viewing this decade as something of an economic make-or-break period as it nervously watches the rise of China and India, the EU has said it will focus its research and development money on projects that will help tackle some of its most pressing problems, such as the effects of climate cha...