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The EU is sponsoring innovation efforts but few know about it (Photo: Institute for Transuranium Elements)

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.

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 ...

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The EU is sponsoring innovation efforts but few know about it (Photo: Institute for Transuranium Elements)

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