Prospects and Challenges for the European Innovation Union     Print Email
Friday, 18 February 2011

The European Institute held a luncheon on Friday, February 18, 2011, with Robert-Jan Smits, Director General of DG Research and Innovation at the European Commission, to discuss Europe’s new Innovation Union strategy.  Found lagging on key innovation indicators, “Europe has come to realize that research and innovation are the key for advanced economies both to remain competitive and to secure social and economic progress” Mr. Smits said. Under the Innovation Union Strategy, Europe is taking important steps to remove barriers and implement a coherent framework to spur innovation. Among the EU’s priorities: the removal of barriers for venture capital funds by 2011; a valorization of international property rights so as to create a sort of “EU-wide eBay for patents and knowledge”; a review of public procurement policies to boost innovation;  and an increase in Research and Development funding. Ultimately, Mr. Smits concluded, Europe will be a “tough competitor” for innovation-based economic growth.

 
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    To the union leaders who occupy offices inside, the big white building just north of Lafayette Square in Washington is known as The House of Labor. Encased on marble, with a view of the White House, it exudes the power that once belonged to leaders of American labor unions to help pick and elect Democratic Party presidents and push their agendas through Congress.

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UMD Jean Monnet Research Project

Infrastructure Planning and Financing: Lessons from Europe and the United States

The University of Maryland has received a Jean Monnet grant from the EU to conduct a series of policy exchanges between Europe and the US on filling infrastructure needs and the utility of public/private partnerships as the financing mechanism. If interested in participating in or receiving more information about these exchanges, please contact Rye McKenzie (rmckenzi@umd.edu).

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New from the Bertelsmann Foundation

The Bertelsmann Foundation is an independent, nonpartisan and nonprofit think tank in Washington, DC with a transatlantic perspective on global challenges.

"Edge of a Precipice" by Nathan Crist

"Newpolitik" by Emily Hruban

 

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