Extracts from the joint press conference by Antonio Tajani and Máire Geoghegan-Quinn on the outcome of the Innovation Union Scoreboard
On 26 March 2013, Antonio Tajani, Vice-President of the EC in charge of Industry and Entrepreneurship, and Máire Geoghegan-Quinn, Member of the EC in charge of Research, Innovation and Science, gave a joint press conference in Brussels to present the latest Innovation Union Scoreboard report (IUS) that benchmarks EU Member States' innovation performance and potential.
Ranking the Member States according to their performance, the IUS 2013 showed that innovation performance in the EU has improved year on year in spite of the continuing economic crisis, but the innovation divide between Member States is widening.
While the most innovative countries have further improved their performance, others have shown a lack of progress. The overall ranking within the EU remains relatively stable, with Sweden at the top, followed by Germany, Denmark and Finland. Estonia, Lithuania and Latvia are the countries that have most improved since last year. Drivers of innovation growth in the EU include SMEs and the commercialisation of innovations, together with excellent research systems. However the fall in business and venture capital investment over the years 2008-2012 has negatively influenced innovation performance. LINK