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Energy should be among the ten main areas to be supported by the EU funds for research and development (Photo: European Commission)

EU should focus more on small firms in innovation funding

Small European firms spend eight times less on research than their US counterparts. Their representatives argue Brussels should take the gap into consideration more effectively in its seven-year blueprint on research and development, to be launched on Thursday (6 April).

The European Commission is planning to double its research budget to 70 billion euro, in its bid to support a "knowledge-based" economy in the EU and boost its competitiveness.

The programme will include ten main ...

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Energy should be among the ten main areas to be supported by the EU funds for research and development (Photo: European Commission)

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